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The recent snap COVID-19 lockdowns have been stark reminders of how quickly things can change and of the impact COVID-19 continues to have on families and the economy.
Recent changes to insolvency provisions for small business, the looming cut-off of state and federal government stimulus support measures such as JobKeeper and rent concessions, and a return to ATO audit and debt recovery activities may have a negative flow-on effect for parties negotiating family law property settlements.
COVID-19 has not been all doom and gloom and many businesses have, and continue to, report record profits, so having access to a team who understand the impact of the various stimulus measures on financial disclosure, business valuations, tax liabilities, and the personal wealth of parties (including financial planning and bankruptcy aspects) is invaluable.
The Family Law team at RSM have some exciting webinars planned over the coming months that will touch on some of these issues, so if you are not already on the mailing list for our webinar invites, reach out to one of the team and we will ensure you don’t miss out!
In the meantime, we hope you find the information our team have put together in this edition of the Family Law Insider interesting and valuable. Happy reading!!
The Family Law Team at RSM
The Family Law library
Do you find yourself wading through financial documents and pondering the same accounting questions time and time again? Read this article for some tips that highlight some of the areas of expertise our talented team can assist you with. Read more ➜
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. Read our article to find out how you can assist clients in minimising risk from adverse tax consequences. Read more ➜
The break-up of a marriage is one of the most stressful events anyone will experience. Family law matters can be complex and highly emotionally charged. If you or someone you know is considering a separation, this article explains some important things to consider around the financial impact of this decision. Read more ➜
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. Apart from getting legal advice from a family lawyer, obtaining good financial advice is a smart move to help a separating person make the best financial decisions for their future. Read more ➜
LET'S HAVE A CHATBy marshalling all the individual specialists typically involved in the successful settlement of family law matters into one national team, RSM offers family law practitioners, from firms big or small, an alternative end-to-end service that could potentially deliver superior client outcomes.
If you would like to learn more about our specialist family law services or would like to speak to one of our dedicated team members near you, please get in touch today.
