I've unfortunately recently split from my partner (de-facto approx 3 years) and trying to find a cost effective way to agree on and ensure the asset split we've agreed on is legally binding and not going to cause issues or stress down the road etc.
I tried using a (paid) online financial agreement template/generator, then booked in an hour with a family lawyer who pretty much just laughed and told me its useless :(
The lawyer instead went through the shared assets, info etc and gave some advice. But quoted me around $5k to draft and finalise a legally binding BFA or Consent orders
Does this sound about right? Or is there a more cost effective way of going about this?
What we have agreed on as the asset split according to the lawyer is also more than what she believes my ex partner would get if we were to go to court/it get nasty too. So wondering if one is even worth doing one in that case?
- Both amicable.
- Both approx same age and able to work etc.
- No children, no house (renting).
- Seperated under one roof (renting, but in separate rooms).
- I will give her most of the furniture/shared assets etc.
- I have contributed more financially to the relationship during the 3 year defacto period.
- We have contributed equally non-financially to the relationship during the 3 year defacto period.
- I will be giving her about 1/4th of my own personal savings during the 3 year defacto period.
- Agreed to not worry about super split.
- I have a large-ish inheritance including a large sum of money and a shared property with 3 siblings (but the lawyer was adamant this wouldn't be included in the asset pool as we are short term etc.)