Binding Financial Agreements – What’s fair?

Protecting you during property settlement

Once you’ve recognised that your relationship is over and you’ve agreed on how to divide the property with your ex-partner, you still need to decide how that agreement will be formalised and one option available to you is to enter into a binding financial agreement.

When you ask us to review a binding financial agreement, the first thing we’ll do is assess whether it’s fair to you or not – from an objective and from a subjective point of view. The last thing you want to do is sign an agreement which is not fair to you or not in your best interest. We appreciate you might just want it ‘done and over with’ but there are long lasting consequences of entering into an agreement that’s not favourable to you. We don’t want you to make a quick decision only to regret it in the future (and we expect you wouldn’t either). In our experience, it’s not worth the perceived benefits of a quick resolution.

A personal invitation

Ern Phang

Before choosing any professional adviser, I encourage you to base your decision on more than just a price. Price does not always equate to value, service or long term cost savings – and not every lawyer you speak to will have the ‘bedside manner’, empathy or commitment necessary to help you on this challenging journey.

With Phang Legal, you benefit from practical and cost effective advice, recommendations and solutions. My aim is that we will be one of your most trusted and valued professional advisers. My team’s dedication to service and results means you will enjoy confidence and peace of mind while we look after what’s best for you and those important to you. Living through a relationship breakdown is difficult, and normally obtaining legal advice and support is an expensive exercise. My hope is our professional advice and objective opinion will help steady you during this difficult time – after all, even if your relationship is over, you’re still entitled to be treated fairly and with respect.

If you want to know more about Phang Legal or our services, please contact me and my team on +61 2 9687 8885 or you can email us here.

I look forward to being of service.

Ern Phang
Director