Family Law

Family Law business services at RSM

By marshalling all the individual specialists typically involved in the successful settlement of family law matters into one team, RSM offers family law practitioners, from firms big or small, an alternative end-to-end service that could potentially deliver superior client outcomes.

By applying flexible solutions, encompassing the earliest stages of the family law process, through mediation and settlement, the team at RSM helped to turn an original offer of $50,000 into a six-figure client settlement.

Is your client able to manage their own finances?

Engaging one preferred supplier, to support every facet of the family law process, can add value to your client engagement.

The value-add comes from sharing specialists, including Single Expert, Shadow Expert and financial advocacy & planning roles, through to insolvency and beyond, as required and all provided under one (RSM) umbrella.

RSM offers Safe Harbour strategies

Cryptocurrency – Issues in Family Law Property Settlements

23 November 2021
In 2021, a survey indicated 25% of Australians had already invested in cryptocurrency or intended to invest within the next 12 months. 

The financial effects of a “Grey Divorce”

22 November 2021
Divorce among people over 50’s (commonly referred to as a “Grey Divorce”) is on the rise in Australia. Currently, 27% of divorce applications are for couples who have been married for 20 years or longer.

Assets and Family Law During Separation

1 October 2021
When it comes to separating, no two cases are the same.  Some clients will have assets that they are looking to grow or protect, while others may be under financial hardship and considering engaging an insolvency specialist.

Family Law Insider | August 2021

24 August 2021
Read our August 2021 edition of our Family Law Insider. 

Separating? Revisit your financial plan

15 August 2021
Divorce is the equivalent of a tornado splicing through the foundations of the best laid financial plan. 

Bankruptcy and the family home

10 August 2021
One of the main concerns a person has when becoming bankrupt is “what will happen to the family home?”

Family Law property settlements & extracting money from companies

9 August 2021
With the increased use of private companies to hold wealth or operate businesses, parties in family law property settlements are more and more likely to find themselves in unchartered territory when dividing the net asset pool.  Extracting cash or assets from private companies can trigger significant and unexpected tax issues. 

thinkBIG - Succession Planning

1 August 2021
For most privately owned and family firms, succession means planning for the sale of your business or handing over control to other family members when you retire. In this report, we not only look at the details for a successful succession plan, but we also take a look at timelines for the best execution of a succession plan.

Family Law & Tax Advice – End of Financial Year Actions

7 May 2021
The end of the financial year is fast approaching, highlighting some important tax compliance and administration matters that may have a significant impact on family law and tax matters. 

Indicators of business value for family law matters

17 March 2021
When a set of financial statements comes across your desk, what are the key items you should look out for to determine whether a valuation should be sought to assist in the property settlement?

Preparing a business for valuation

16 March 2021
A valuation determines the estimated amount for which an asset should exchange on the Valuation Date between a willing buyer and a willing seller, in an arms’ length transaction after proper marketing, wherein the parties had each acted knowledgeably, prudently, and without compulsion.

RSM Asset Protection Series: The family home

15 February 2021
When a business or other venture fails, the primary concern many people have is their level of personal liability. Mainly, “How much am I personally liable for, and will it impact my family?”.

Minimising the risk of adverse tax consequences in Family Law property settlements

11 February 2021
A popular question among Family Lawyers is ‘how can I protect my client from adverse tax outcomes in property settlements?’. There is unfortunately no definitive answer to the question. 

How Financial Advisers can help through a divorce

18 January 2021
Separating from your spouse is an emotionally charged and financially strenuous time. When going through a divorce or separation, seeking help from a financial adviser is not always considered to be as important as seeking out the services of a family lawyer.

Accounting 101 for Family Lawyers

2 December 2020
Do you find yourself wading through financial documents and pondering the same accounting questions time and time again?

The importance of an SMSF health check

12 November 2020
There are few industries that have been through the level of legislative change over the past 15 years than the SMSF industry.

Family Law: Trust Distribution Case Study

30 October 2020
Disclaimer of Trust interests beyond Family Court settlements – the risk for a vulnerable spouse?

Case Study: Untangling the financial web

28 July 2020
Understanding financial statements and their underlying supporting documents can feel like interpreting a foreign language, but they contain a wealth of important information for property settlements.

Top 5 issues with SMSFs and Family Law

25 May 2020
Superannuation and SMSFs are becoming increasingly complex, especially in a family law situation.

COVID-19 and the impact on EOFY tax and family law

8 May 2020
This week Tracey Dunn, our Associate Director of Tax Services, ran a webinar titled Family Law: Tax and the ongoing impact of COVID-19.

Family Law Property Settlements – potential impact of COVID-19

30 March 2020
Valuations for Family Law property settlements. Valuations are prepared as at a specific date based on circumstances and financial information known at that point, so it’s possible that valuations prepared a month ago or more may no longer be relevant - particularly for sectors which have been impacted more severely than others b

Tax on sale of family home - proposed government change

5 March 2019
Australian expats who own homes in Australia are not the only ones at risk of paying tax on the former family home under proposed changes to capital gains tax (CGT).

Changes to Capital Gains Tax exemption for foreign residents

6 February 2019
Controversial legislation enabling the removal of the capital gains tax (CGT) main residence exemption for foreign residents was originally scheduled for debate in the Senate on 16 October 2018.