A binding agreement gives peace of mind for the future

Resolving your family law matter by an amicable agreement is usually the best for all involved. If you are fortunate enough to be able to agree it is important to legally document your agreement and make it binding.

For parenting matters the only way for binding arrangements is a Court Consent Order. However a Parenting Plan, which is not binding and is flexible, could be more suited if you are not yet ready to lock in your parenting arrangements.

There are only two ways to make property settlement binding:-

• Court Consent Orders

• A Financial Agreement

Court Consent Orders are usually preferable as both parties do not need lawyers and in most cases they are more affordable to prepare and finalise. However, to make spousal maintenance arrangements binding it is usually preferable to use a Financial Agreement.

There are complex legal reasons as to whether to use either Consent Orders or a Financial Agreement. It is also critical to ensure that your documents are prepared and completed correctly, as failure may mean your assets are not protected into the future.

Millwater Tyrrell Law are committed to assisting you and your family with a binding settlement and offer a free initial consultation with one of our expert Ipswich Family Lawyers to discuss the most favourable way to make your agreement binding.

For more details on Consent Orders, Parenting Plans, and Financial Agreements please see the Parenting and Property Settlement guides in our free family law resources, or contact us today.