Women Lead BFA Boom in Australia
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Binding financial agreements, or BFAs, are surging in Australia, particularly among women, as a way to avoid costly divorce battles and protect assets. These agreements, once dominated by wealthy older men, are now being sought by successful women safeguarding their businesses and young couples seeking a clean break. The rise can be attributed to later-life relationships and family gifts, with costs ranging from $7,500 to $15,000 per person, a fraction of the cost of court battles. Experts advise that BFAs can be used before, during, or after marriage, and can even quarantine gifts or set time limits, making them a smart move in todays world of equality and financial protection.
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