The most effective means of safeguarding both parties’ assets in case of a future divorce or separation is through a Binding Financial Agreement (BFA).  By outlining the terms of asset division, a BFA minimizes unnecessary conflict, expedites the separation process, and consequently reduces legal expenses. 

What makes a BFA particularly advantageous is that both parties can craft their own agreement tailored to their specific requirements, rather than relying on the court.  

In order for a BFA to be binding, both parties need to have it signed by an independent lawyer.