For accountants and financial advisors whose clients who are business owners and are separated but yet to finalise their property settlement, there are some issues you may want to help them avoid. The most significant issue is the problems that occur when a property settlement rolls over into a new financial year. The potential implications include: […]
READ MORECould you be in a de facto relationship and not know it?
“Am I in a de facto relationship?” People typically ask this question and seek our advice at one of two points – before they start living with their partner or at the end of the relationship. When people speak with us they may be concerned about and looking to avoid being considered to be in […]
READ MOREAccountants, Financial Planners & Family Lawyers: Working together for the optimal client outcome
As accountants or financial planners who are trusted advisors to your clients, there are some ways you can further help your clients and optimise their overall experience. For people who are going through separation and divorce, a good client-lawyer-advisor relationship can help expedite what can be a drawn-out process. To achieve that, first there must […]
READ MOREHow are contributions in long marriages assessed where an inheritance is received?
I recently attended the Family Law Intensive Series in Sydney and one recent case highlighted was Hurst & Hurst. What makes this case interesting was that it considered how contributions were assessed in long marriage where an inheritance was received. The scenario where inheritances are received by one or both parties during a long marriage […]
READ MORENo Pre-Nup? Lessons learned following announcement of divorce of Amazon’s CEO
At the start of this year the world’s wealthiest couple announced they are divorcing. Jeff Bezos is the founder and CEO of Amazon and his soon-to-be ex-wife MacKenzie, met when they worked for a New York City hedge fund. Married for 25 years with four children, their announcement created a media frenzy for a few […]
READ MOREAbout to separate? 5 key considerations you need to know
The holiday season has come and gone, the school year has started. In my experience, this is a time where many people are considering significant decisions about the future of their relationship. While some have already decided to separate, others are contemplating their next steps. So, why is this the case when the holiday season […]
READ MOREHow a friend’s divorce advice could cost you
We’ve all heard horror stories about how difficult or emotionally-charged situations can become during separation or divorce. If you are going through separation or divorce right now you may have people in your life who have been down this path before that may be offering insights and advice about what you should and shouldn’t do. […]
READ MOREManaging a relationship breakdown – what every accountant needs to know about family law
Earlier this week I was fortunate to present to accountants at a Legalwise seminar on Managing Relationship Breakdown and share what every accountant needs to know about family law. Accountants and family lawyers regularly work together to assist people they advise and guide when an accountant is called upon to provide information about one or […]
READ MOREWhy you don’t need to wait 12 months – the processes in divorce
Many people assume that they need to wait 12 months to begin addressing financial settlement following their separation. What you may not realise is that the ‘12 month rule’ that it is colloquially referred to, is in fact, solely in relation to the formalised recognition of an end of a marriage – a divorce being […]
READ MOREWhy you may need to be cautious even in an amicable separation
An amicable separation is one goal that many separating couples aim to have. While this intention is admirable, remaining amicable is not always the reality despite both parties’ best intentions and will depend not only on you, but how your former partner approaches a separation. An amicable separation often looks and sounds like this… Usually […]
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