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Watts McCray
Our People

Your Family Law Specialists

At Watts McCray we focus on guiding you through your separation. With over 25 years experience we know that every person is unique and every person has a desired outcome. We take the time to work with you to achieve your personal goals.

The Watts McCray team has 23 Family Law specialists, of whom 13 are accredited (the highest number of accredited specialists in any Australian firm). Whatever your requirements, we will navigate the family law process with you, giving you options and explanations every step of the way.

Focus on Prenups & Binding Financial Agreements

What are Binding Financial Agreements (BFAs)?
The term prenup comes from the United States. In Australia these agreements are called Binding Financial Agreements (BFA) or Co-habitation Agreements.

A BFA is a contract for couples who intend to marry, are married or have been married. BFAs usually set out the division of assets should the relationship break down, but they may also deal with lifestyle issues. The agreement often has an asset schedule attached listing the respective assets of the husband and wife. They may also cover child support but this part of the agreement must be separately registered with the Child Support Agency.

BFAs became legally binding for married couples and those considering marriage in 2000. This means the couple is prevented from going to court for property settlement if their marriage breaks down.

A similar arrangement exists for defacto and same sex couples living together who are not married and do not intend to get married. These are called Cohabitation Agreements and became legally binding in 1984.

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In The News

Jackie Vincent on 2GB
Listen to Jackie Vincent on 2GB take talkback caller questions on Family Law.

» find out more

Jeff Marhinin on Ch 7 Sunrise
Discussed the two year cohabitation trap and in particular the differences between de facto law and married law. Jeff also took part in an interview on ABC radio commenting on the same topic.

» find out more

Jackie Vincent quoted in The Sunday Telegraph
An article on the cohabitation of Australian couples, ‘Paying price of de facto divorce’.

» find out more

» Sunday Telegraph article

Jackie Vincent contributed an article to Sunday Life
The Sun Herald magazine explained the benefits of Binding Financial Agreements.

Jackie was also quoted in The Canberra Times, on News.com.au and online at the Brisbane Times in stories about the custody of a girl abandoned at a Melbourne railway station, ‘Grandmothers claim for girl could be contested’.

» Read article

» Brisbane Times article

 


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