It is with great pleasure that the RSM team present this month’s edition of Family Law Insider.
 
Working through a myriad of issues during separation can require specialists be involved, especially in matters which are less commonly encountered.
 
The Family Law team at RSM this month is seeking to inform our readers on issues surrounding bankruptcy and separation, unfortunately a relevant topic with the strain the pandemic has laid upon so many small businesses.
 
Also covered are points to consider when examining the cryptocurrency asset class, which can pose some unique challenges for family law specialists.
 
This edition will also touch on the requirement to re-engage a new financial planner post separation, and the importance of re-establishing individual goals and objectives post separation, providing an enhanced framework for determining an appropriate financial settlement for all parties.
 
We hope you enjoy this quarter's edition of the Family Law Insider.
 
The Family Law Team at RSM
 

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Family Law insider Articles

The financial effects of a “Grey Divorce”General purpose financial statements vs special statements

By Ralph Martin (6 min read)

Recent changes to Australian Accounting Standards will mean that some for-profit entities have to prepare General Purpose Financial Statements (“GPFS”) for the first time, and are no longer able to prepare Special Purpose Financial Statements

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THE EFFECTS OF BANKRUPTCY ON CHILD SUPPORTValuations for Family Law Purposes – Common Issues

By Andrew Clifford & Li Tze Koh (2 min read)

The first step in any family law property settlement is to identify and value the assets belonging to each party.

A business is an asset and its value either needs to be agreed upon between the parties or valued by a qualified expert.

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Superannuation contributionsUnderstanding the SMSF Financials: 3 key things to remember

By Katie Timms (5 min read)

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

Katie summarises her 3 key takeaways to help you further understand the complexities of superannuation in family law matters.

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Tax settlementFamily Law & Tax Advice – End of Financial Year Actions

By Tracey Dunn (6 min read)

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. 

We've set out below the key actions required...

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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.

WATCH THE RECORDING > 


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