Today's 'modern family' is complex and diverse, incorporating the traditional nuclear family of mum, dad and a couple of kids, alongside same-sex families, blended families, step families, de facto couples and couples choosing not to have children at all. The changing nature of families however, and the increasing complexity of the family structure, can lead to issues for family businesses in the event of a relationship breaking down.
Many family lawyers are reporting an increase in the number of property settlements that involved the assets of a family business. In some of those cases, it can be extremely difficult to 'untangle' the financial aspects of the broken relationship – particularly when both parties have worked or held positions in the family business, or there are numerous "dependants".
As a business owner, how can you safeguard your business and its ongoing success in the event of a separation or divorce?
Spry Roughley Chartered Accountants and Coleman Greig Lawyers have joined forces to present a unique and valuable insight into some of the issues facing family businesses from a family law perspective. The session will cover topics such as:
- Effective structuring of the business
- Family trusts - who really owns the assets?
- Superannuation and binding death benefit nominations
- Tax consequences of separation
- Untangling the financial relationship
- Can a binding financial agreement ("pre-nup") help?
- Property settlements - real life examples of how the courts are dealing with assets of a family business.
Date: Wednesday 26th October 2016
Time: 7.15am - 9.00am
Venue: Spry Roughley,
Level 3 55 Phillip Street
Fee: $22.00 (inc GST)
Continental breakfast provided
Enquiries: Jennifer Turner
Ph: 02 9891 6100
RSVP Thursday 20th October 2016
Register your Attendance