Financial Referral Services
Smart Separation is ultimately a two-part event. Firstly, you will receive the right advice to get through your separation and secondly, you will gain access to our vast network of supporting services. All of the professionals working in these areas, and to whom you might be referred by Smart Separation, are known personally to us, and are respected for their skills, integrity and understanding about separation and divorce.
Family Law settlements often have taxation consequences such as CGT and necessary changes to trusts and companies. It is also often a time when personal, self-managed superannuation fund and company tax returns need to be brought up to date. Expert tax advice on settlements is outside the scope of lawyer’s work, and the advice of accountant’s is not only best practice, but part of your lawyer’s responsibility to direct you there.
Best practice is to have your financial planning advice integrated into your settlement negotiations, but at the very least, to have this advice before you sign off on a settlement, to ensure your settlement works for you best in the short and long term. After settlement is too late for any “uh oh” moments.
Wills and Estate Planning
A new Will is something that everyone who is separating needs. Creating a new Will is something that should be given priority, as divorce has legal implications for the validity of a Will. People often think this is a simple task that can be done online, or left to take care of itself after their death. Neither is true. Families can suffer greatly when estate planning is not given due thought, and the intentions you have about preserving family wealth, passing it on, and taking care of your dependants can best be assured by high quality advice from lawyers with specific expertise in the field.
Personal Insolvency (prevention and management)
Sometimes relationship breakdown can hasten issues of insolvency, or even create them. Most people who are worried about their solvency, or believe that they may become bankrupt feel a great deal of fear and shame. For these reasons, this is something most people would rather not think about until they are forced to do so, and because they don’t know who to turn to. There is advice and help available from people who want to help, not judge, and who know that early intervention is usually the best strategy