Posts tagged Property Settlement
Financial Agreement vs Consent Order

Lately at KLP we have seen an influx in Financial Agreements – also known as Binding Financial Agreements or “BFA’s” - being prepared by other firms. When asking client’s if they are aware why their former spouse has had a Financial Agreement prepared, as opposed to the more common option of Consent Orders, the response is often “the Bank said we just needed something in writing”, “we’re amicable” or “we want something simple”. However, none of these responses answer the question.

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