5 Myths About Binding Financial Agreements in Queensland | Why They May Not Protect You
Many couples in Queensland believe that a Binding Financial Agreement (BFA) is a simple solution to avoid disputes down the track. But the reality is,
When a relationship ends, dividing common assets can be complex enough. But when a business is involved, it requires specialist knowledge beyond standard family law. Many law firms don’t have the accounting expertise or deep experience needed to accurately value a business in property settlements.
At Bennett Carroll Solicitors, we have developed strong partnerships with expert accountants and financial professionals, enabling us to precisely assess business values and protect your interests during family law disputes.
Contact our team of family lawyers across Queensland for a confidential discussion.
In disputes involving business assets, one party might undervalue the business while the other overstates it. The truth lies in detailed financial analysis and clear documentation—something we’ve honed through years of experience. We know the pitfalls to avoid and how to negotiate fair outcomes.
Business valuations must comply with relevant financial and taxation guidelines, such as those outlined by the Australian Taxation Office.
If you or your former partner own a business and are facing separation or divorce, specialised legal advice is essential to safeguard your future.
Beyond valuation, asset protection during relationships is vital. Binding Financial Agreements (BFAs) offer certainty and protection by outlining how assets, including businesses, will be managed or divided.
Our team advises on BFAs tailored to business owners, helping you avoid costly disputes later. Learn more about BFAs and common pitfalls in our dedicated article: Binding Financial Agreements in Queensland Family Law.
We serve clients throughout Queensland with offices in key South East Queensland locations, including Brisbane (Stafford, Upper Mount Gravatt & Brisbane Central), Gold Coast (Mermaid Beach), Sunshine Coast (Birtinya), and Ipswich.
To fit your busy schedule, consultations can be done remotely via phone, email, or video. No need to visit our office unless you want to — we can also come to you, providing convenience without compromising personalised service.
Accurate business valuation in property settlements
Negotiation and drafting of Binding Financial Agreements (BFAs)
Handling disputes over business assets and partnerships
Advising on the sale or transfer of business interests during separation
Navigating Financial Separation Options for Business Owners During Divorce
Financial Separation, Selling the Family Business and Dividing Assets
Whether you need help with family law matters, business asset division, or both, Bennett Carroll Solicitors are your trusted advisors. Explore our full range of Family Law services and Business & Commercial Law advice – contact us today for personalised advice.
Our dedicated lawyers in Southeast Queensland are committed to providing you with expert legal guidance and support. Don’t hesitate to reach out to our team today; we are your legal problem solvers.
Bennett Carroll Solicitors has conveniently located offices in Brisbane (Stafford, Upper Mount Gravatt & Central), Gold Coast (Mermaid Beach), Sunshine Coast (Birtinya) and Ipswich. We also offer electronic consultations for your convenience.
Our family law services operate under the Family Law Act 1975 (Australian Government Legislation), ensuring your rights are protected during property and business asset division.
Estate planning is critical for business owners to ensure smooth succession and protect your legacy. We offer advice on wills, trusts, and succession strategies designed for Queensland business owners. Learn more about our estate planning services here: Wills & Estates, along with detailed guides on:
Facing family law issues involving your business? Don’t leave your most valuable asset to chance. Contact Bennett Carroll Solicitors for expert, tailored advice. Whether you’re in Brisbane, Ipswich, Gold Coast, Sunshine Coast, or anywhere in Queensland, we’re ready to help — by phone, email, video, or in-person.
Get in touch now for a confidential discussion:
Bennett Carroll Solicitors are proud members of the Queensland Law Society (QLS), the professional association representing Queensland’s solicitors and law practices. Membership with QLS reflects our commitment to upholding high ethical standards and ongoing professional development. Learn more about QLS here: Queensland Law Society
Many couples in Queensland believe that a Binding Financial Agreement (BFA) is a simple solution to avoid disputes down the track. But the reality is,
New Family Law 2025: DV & Pet Custody Changes Queensland: Published by Bennett Carroll Solicitors – Queensland Family Lawyers From 10 June 2025, changes to Australian
If you’re thinking, “I want a separation: what legal steps should I take in Queensland?”, it’s crucial to understand the legal steps to protect yourself