There is no doubt that much, if not all of your important private, confidential and sensitive data, including financial data is stored within your personal devices. Even if your separation is entirely amicable, it is important for everyone to read the recommended tips in the separation checklist we have created. This separation checklist has been […]
READ MOREInvoluntary Separation? Issues arising from Ageing, Illness & Second Relationships
We work mostly with people whose relationship is coming to an end, or has already ended. However in family law, there is a distinction between voluntary separation and involuntary separation. Below we will explain what involuntary separation is, and how issues relating to ageing, illness particularly in second relationships, can create significant risk and lead […]
READ MOREHow to Separate and Avoid Putting Yourself at a Disadvantage
When people separate from their de facto partner or spouse, decisions they make about their next steps are rarely made lightly. However, as the saying goes, “you don’t know what you don’t know” and without advice and insights into the process from people who see where it does go wrong, it is easy to find […]
READ MOREInheritance and Divorce: Are Gifts and Inheritances Included In a Property Settlement?
As family lawyers, we are often asked whether any gift or inheritance received can be claimed by a former partner or spouse. We will unpack what we know historically and through our experiences with clients about how inheritances are treated upon a separation, and provide some insight into these specific questions: Can my de facto […]
READ MOREProtecting Assets From New Partners
If you are reading this, you may have been through the divorce or property settlement process yourself. Or instead, you may be looking at protecting assets from new partners for someone you care about. Here we explore how to protect your assets in a new relationship as well as any existing relationship. When a relationship […]
READ MOREWhat Happens To A Business In Divorce?
When separating, whether you are married or in a de facto relationship, often some of the first concerns relate to children and how they will cope. This is closely followed by concerns about what the separation will mean for you financially. When your mind turns to any businesses you own, either together, individually or in […]
READ MORESeparation, Divorce and Business Valuation Truths
When a de facto or married couple separate and begin the process of identifying their assets in preparation for a property settlement, if there are any businesses, they must be valued as part of that process. Separation, divorce and business valuation also in the mix can be challenging and complex to finalise. Here we unpack what […]
READ MOREDivorce and Business Partnerships – Minimising Risk for your Clients
In the past, I’ve written specifically about separation and divorce when both parties are involved in the business. If that is what you are looking for, click on the title here: When a Couple in Business Together Separate – Business Ownership & Divorce. This article about divorce and business partnership, however, addresses third parties to […]
READ MOREAsset Protection Strategies In The Family Law Context: Binding Financial Agreements
As a financial adviser, accountant or lawyer outside of family law, you are likely to be familiar with Binding Financial Agreements (BFA). But do you make your clients aware that these can be used as asset protection strategies? With the increase in blended families and separations in recent years, exploring all options for your clients […]
READ MOREOver 50’s & New Relationships: Are Prenups Effective?
Are Prenups effective? If you are over 50 and either in a new relationship or embarking on a new one, you may be looking into whether a Prenuptial Agreement is something you need. This article covers some commonly asked questions about Prenuptial Agreements: What is a Prenup? When should prenups be considered? Is a prenup […]
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