The Love Contract: An Insurance Policy for Love
When it comes to love, no one likes to think about things going wrong. But just like insurance, a little planning can save a lot of heartache. That’s where a Binding Financial Agreement (BFA) comes in.
As The Aussie Love Lawyer, I’m here to help you protect what matters most — your relationship and your financial future — with clear, practical advice and no legal fluff.
A Binding Financial Agreement (commonly known as a BFA) is a legal document that sets out how your assets, finances, and property will be divided if your relationship ends — whether you're getting married, already married, in a de facto relationship, or separating.
Think of it as a financial safety net. BFAs can be made:
Before you enter into a relationship (commonly called a "prenup"),
During your relationship, or
After separation or divorce.
These agreements are recognised under the Family Law Act 1975 in Australia and can provide a legally binding alternative to going to court.
Why Should I Consider a BFA?
Whether you're just starting your life together or planning a respectful separation, here’s why a BFA might be worth considering:
1. Peace of Mind
You and your partner can agree on financial matters upfront — which means fewer surprises later. It’s a proactive, respectful way to protect each other, especially if:
One or both of you are bringing significant assets into the relationship,
You’ve been through a previous divorce or separation,
You have children from a prior relationship,
You're starting or running a business.
2. Avoid Costly Court Battles
A well-drafted BFA can help you avoid lengthy and expensive legal proceedings. If separation ever happens, you’ll already have a clear plan in place — no need to battle it out in court.
3. Flexibility and Control
Unlike court orders, BFAs are tailored by you and your partner. You control the terms, not a judge. That includes how you want to divide property, manage debts, or even handle spousal maintenance.
4. Clarity Around Contributions
A BFA lets you acknowledge contributions (financial and non-financial) and plan for fairness, especially if circumstances change over time — for example, if one partner takes time out of the workforce to raise children.
5. Private and Confidential
Court proceedings are public. A BFA, on the other hand, is a private agreement between you and your partner. That means less stress and more dignity during tough times.
Is a BFA Right for You?
Not every couple needs a BFA — but many could benefit. If you're in any of these situations, it's worth a conversation:
You’ve got substantial assets or inheritance.
You're blending families or protecting children’s futures.
You want financial clarity as your relationship grows.
You're separating and want to formalise an amicable arrangement.
Get It Done Properly — With Legal Advice
For a BFA to be legally binding, both parties must get independent legal advice. That’s where I come in. I offer:
Fixed-fee services — so you know exactly what you're paying,
Flexible options — full agreement drafting or independent legal advice,
Online convenience — get everything sorted from home, on your schedule.
Ready to Protect Your Future?
Whether you're in love or letting go, a BFA is about planning with care and confidence. At The Aussie Love Lawyer, I’ll help you lock it in or sign it off — with empathy, efficiency, and no surprises.
💌 Book a free discovery call today and let’s talk about what’s right for you.
Disclaimer:
The information provided in this article is for general informational purposes only and does not constitute legal advice. You should not rely on it as a substitute for professional legal advice specific to your situation. Always seek independent legal advice from a qualified professional before making any legal decisions.