With around one third of Australian businesses owned by spouses, it is inevitable that some family businesses will be affected by divorce. Not only that, there is a real possibility that the business will be placed at risk during a divorce and property settlement process with claims against the family wealth and prolonged litigation.
As an accountant, your role in protecting a family business is critical. Is it possible to ‘quarantine’ the business and mitigate any potential risk by protecting business assets while times are good?
Join Coleman Greig’s Accredited Specialists in Family Law at the first in a series of lunchtime events for accountants in the Penrith and Nepean region where we will focus on the use of Trusts and how you can protect your clients’ businesses in the event of divorce or separation.
Adam West and Karina Ralston, both highly experienced in dealing with the impact of divorce on family businesses, will cover the following topics:
- How are interests in trusts and companies treated in the family law system?
- Are trusts considered part of the asset pool in a property settlement?
- How can trusts be used to protect assets?
- Factors to consider when establishing a trust – planning for the unknown
- The issue of ‘control’ of a trust
- Trusts vs Binding Financial Agreements
Don’t miss this opportunity to find out how you can work with your clients to future proof their business and protect its assets. Places are limited so join us on the day as we bring our signature briefing sessions to the Penrith and Nepean region.
Places are limited – book early to avoid disappointment.