Family Law Insider | February 2022

Welcome to RSM's Family Law Insider for 2022.

A quarterly publication providing critical and timely insights for family law professionals.


Happy New Year and welcome to our first edition of the Family Law Insider for 2022.Family Law Insider for Law Professionals

We have some fantastic contributions this edition to kick off the new year.

Nadine Marke and Steph McAuliffe discuss the pitfalls of garbage information in business valuations, garbage in = garbage out.

Shannon O’Connor addresses some important points about the payment and receipt of child support in bankruptcy, a must read for those dealing with bankrupt clients in a family law matter.

Sam Hughes discusses the benefits of superannuation and how it can be effectively utilised in family law settlements including some important legislative updates.

Our tax team have also put together a list of the main issues to consider when negotiating tax-effective settlements which is important to consider when negotiating and protecting the agreed settlement.

We also have the first in our webinar series by the wonderful Katie Timms “Understanding the Superannuation Financials – Members, Tax, Assets – huh?” on Thursday the 31st of March.

As usual, Katie has a fantastic presentation prepared, it will be well worth registering for.

Happy reading, we hope you enjoy this edition!

The Family Law library

Family Law insider Articles

The financial effects of a “Grey Divorce”Reliance on management accounts for valuations

By Nadine Marke & Stephanie McAuliffe (6 min read)

A valuation is the estimate of the price at which an asset would or should change hands between two well-informed parties.

The quality of the valuation output is a product of the quality of the financial information provided, or in other words, garbage in equals garbage out.

Continue reading


THE EFFECTS OF BANKRUPTCY ON CHILD SUPPORTThe effects of bankruptcy on child support

By Shannon O'Connor  (2 min read)

Most formal child support arrangements fall within the definition of a maintenance agreement or maintenance order as defined by Section 5(1) of the Bankruptcy Act 1966 (Act).

It is therefore important for both parties to a formal child support arrangement to understand their rights and the implications of bankruptcy on child support debt and payments.

Continue reading


Superannuation contributionsSuperannuation Contributions and Separation

By Sam Hughes (5 min read)
Superannuation could be an important vehicle for couples who have been through a financial separation.

Despite frequent changes to its governing rules, superannuation remains, for most people, a tax-effective environment in which to save for retirement.

Continue reading


Tax settlementSpotlight on: Tax Effective Settlement (2 min read)

Prior to finalising the settlement of property, it is important that all superannuation and tax complexities associated with structuring property settlements are addressed.

This ensures that parties don’t find themselves with surprise tax outcomes or a smaller than expected share of the asset pool.

It is important to identify the most tax-effective manner to facilitate and protect the agreed settlement.

Read more


Family Law Webinar: Understanding the Superannuation Financials

Superannuation remains one of the most complex structures to understand, combining tax, trust and often company laws to consider.

For many, hidden within superannuation financials and member statements are complications, mistakes or sometimes opportunities.

RSM’s superannuation expert Katie Timms hosts Understanding the Superannuation Financials, a webinar created especially for Family Lawyers, to help you further understand the complexities of superannuation in family law matters.

REGISTER NOW > 


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