Who pays for a Binding Financial Agreement?

You and your former partner will each pay their lawyer separately according to their fees. It is a egal requirement that you and your former partner each engage your own lawyer separately and independently. One lawyer will draft the Binding Financial Agreement, and their client will pay for that work according to the Legal Costs Agreement signed before work has begun; the other lawyer will review the Binding Financial Agreement and propose any necessary changes, and their client will pay for that work.

Make sure that the lawyer who is drafting the Binding Financial Agreement is a family lawyer with experience because this will reduce the unnecessary cost of fixing errors and updating the agreement. If you and your former partner are amicable, then gather all necessary information and send to the lawyer who is drafting the Binding Financial Agreement.

Once the draft Binding Financial Agreement is completed, you can show it to your partner before your lawyer emails it to them to request that they their chosen lawyer gets in touch. Your former partner can also get the best price possible by shopping around a well prepared Binding Financial Agreement, which is a finished product, rather than a half baked draft requiring substantial work to complete.

Don't get taken for a ride with an hourly rate. Instead, get a fixed price quote from a family lawyer with experience in drafting Binding Financial Agreements, and get it done right the first time.