ENSURE YOUR RIGHTS ARE PROTECTED BEFORE OR AFTER YOU SAY ‘I DO’
Binding financial agreements (BFA) are one of four important legal insurances. A BFA sets out what each partner owns, has brought into the relationship and, in the event the relationship fails, sets out what you would propose to do with the assets.
With a well-drafted will, a BFA also protects family wealth and assets and ensures your wealth goes to the people you want. A BFA can protect family assets despite members separating or re-partnering. For blended families, these two documents are essential.
A BFA avoids expensive, draining litigation. It is often misnamed a pre-nuptial agreement, and a BFA can be drawn up for any relationship before, during or after the marriage/relationship.
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