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What you need to know about Binding Financial Agreements
- A Binding Financial Agreement is also called a ‘Pre-Nup’, ‘Divorce Agreement’ or a ‘Separation Agreement’
- It’s made between de facto, soon to be married or already married couples either before, during or after they separate
- It states how your assets and liabilities (including property) will be divided if your relationship breaks down
- It’s the first point of call for separated couples so they may decide on a settlement prior to divorce