Tool 13 of 14

The BFA disclosure schedule

The full financial picture a lawyer needs, ready when it matters.

The scenario

Meet the Hartleys (fictional)

Margaret was widowed eight months ago. The family business was sold in 2024, leaving about $82m across eight structures: five companies, a family trust, a unit trust and a super fund. Her private bank wants the portfolio reinvested within 60 days, and she does not know who now holds the family trust’s appointor role.

  • MargaretAge 58

    Widowed eight months ago (Richard). Sole director of all five companies.

  • JamesAge 31

    Commercial lawyer, married to Priya, one child.

  • SophieAge 27

    Ceramic artist, irregular income.

  • TomAge 19

    Engineering student.

  • Family Trust discretionary
  • Investment Trust $38m
  • Property company $14m
  • Distributions company $6m
  • Super Fund (SMSF) $7m
  • Held personally $17m
  • About $82m · eight structures

The BFA disclosure schedule

What it is

What it is

The financial picture behind a binding financial agreement, drawn from our reporting platform and given to the client’s lawyer. It sets out personal and joint assets, trusts and the party’s roles in them, companies, super, liabilities, income, expected inheritances and valuations, each with its source. The lawyer advises on the agreement itself; we make sure the picture is complete and current.

What the family gets
  • A ten-part schedule, complete and dated
  • Five years of trust distributions set out clearly
  • Every valuation with its method and valuer
  • An index of every document relied on
Step by step

How it works

  1. Draw

    The picture comes from the reporting platform.

  2. Complete

    Gaps filled from deeds, statements and valuations.

  3. Check

    Each figure tied to a dated source.

  4. Hand over

    To the lawyer, who advises on the agreement.

Illustrative sample

A worked example, using the Hartley family

A schedule prepared for James, before a large gift

Illustrative sample
  1. 01Personal assets
  2. 02Joint assets
  3. 03Trusts

    Roles and five years of distributions

  4. 04Companies
  5. 05Superannuation
  6. 06Liabilities
  7. 07Income

    Last three years

  8. 08Expected gifts
  9. 09Valuations
  10. 10Document index
  11. Why it matters

    The Hundred-Year Map showed James’s interest through the family trust, including the unit trust and the property company, could come into a property pool.

The family’s lawyer advised before the Family Bank lent James money towards a first home.

The Hartley family is fictional and all figures are illustrative. This material is general information only and is not personal financial, tax or legal advice.

Where it’s used

See it

WEALTH PICTURE

The schedule is drawn from the reporting platform.

Solve it

ADVOCACY · TRANSITION

Where separation or a new relationship is the trigger.

Run it

PRIVATE OFFICE

Kept ready, and refreshed before any large gift.