Family Lawyers Newcastle & Central Coast

Ensure you get what you deserve when the family business is part of your Family Law Property Settlement by speaking with Newcastle’s Number 1 Family Law Team.

Overview

When negotiating and/or litigating a Family Law Property Settlement, all assets and liabilities of the parties (irrespective of how they are owned) form part of the balance sheet or ‘property pool’.

The family business, whether it is owned by one party solely, jointly, as part of a partnership, company or trust structure forms part of the property pool and the Court is able to make Orders for the alteration of the parties interests in the business.

How is the Business Valued?

Because the family business forms a part of the property pool, it is important that you know its value.

Simple business structures such as those operating as a sole trader can be relatively simple to value, however as business structures increase in size and complexity the nature of the business valuation becomes more complex.

If you or your spouse intend to retain the family business, we will link you with expert business valuers who will conduct a formal valuation of the business.

Financial Disclosure

Under the family law rules, each party to a Family Law Property Settlement has an obligation to provide full, frank and financial disclosure of their financial interests. This obligation of disclosure extends to any business interests the parties might have. You will need to provide your ex-partner with business documents such as any trust deed, shareholders agreement, BAS statements and financial statements.

During our Smart Start appointment we will talk you through the documents you will need to exchange and will seek your authority to liaise with your accountant so that this task is less daunting for you!

Smart Start Consultation

More Information

Brochures

Family Law: Statement of Preliminary Advice

TOP 10 Legal Financial Considerations when you are separating

Separation & Divorce

Child Support: the basics

Parenting Arrangements

Property Division

Spousal Maintenance

How We Charge

We offer flexible fee structures and payment arrangements for our clients including:

  • A once-off fixed fee initial consultation ($275 incl. GST) to get you started in Family Law,
  • Hourly rates or negotiated fixed fees for each stage of your matter.

Our Family Lawyers will discuss our fees and charges with you and will provide an estimate of the fees and charges likely to arise in your matter.

 

Call now to speak to a Family Lawyer

1300 553 343

How Our Family Lawyers Help

Our Family Lawyers work with our expert Commercial Law department when a family business is part of a property law settlement. This allows us to deliver exceptional assistance when it comes to a Family Business in a separation.  We are highly specialised in Business Structuring including asset protection and tax minimisation using ownership protections, Family Trusts and SMSFs and provide expert knowledge in these aspects of a Family Law property division.

We take steps to ensure that the Family Business continues to operate smoothly during separation including that everyone continues with their proper role and that income is fairly shared.  We help you to make sure that the proper value of the business is taken into account during a property division to make sure that the division of assets is fair.  We know how and what financial information to get to protect you.

Smart Start Consultation

More Information

How We Charge

We offer flexible fee structures and payment arrangements for our clients including:

  • A once-off fixed fee initial consultation ($275 incl. GST) to get you started in Family Law,
  • Hourly rates or negotiated fixed fees for each stage of your matter.

Our Family Lawyers will discuss our fees and charges with you and will provide an estimate of the fees and charges likely to arise in your matter.

 

Call now to speak to a Family Lawyer

1300 553 343

Testimonials

It is so good to see a professional with such great customer service

You were actually referred to me by one of your previous clients. Just goes to show how strong word of mouth is, especially in this town. There are now more people running around Newcastle saying what a terrific job you do.

From my perspective you are light years ahead of the competition. It is so good to see a professional with such great customer service, who can communicate in a calm clear manner, especially when I am and usually a bit emotional.

Keep up the good work Sam, I like forward to continuing to work with you on my matter.

P


My sincere gratitude for getting this arranged with commensurate alacrity

My sincere gratitude for getting this arranged with commensurate alacrity, it is thoroughly appreciated!

T


A true champion of your profession

Thank you very much for all you have done for me. I had the best nights sleep I’ve had in 4 years last night. Once again thank you for your patience and attitude and commitment for a positive outcome. A true champion of your profession. 

G


Thank you for all your support

Thanks Samantha,

I’m still feeling a little shell-shocked but slowly getting used to the idea that it is nearly all over.

Thank you for all your support – professionally and emotionally. It was a big day and I was glad you were with me throughout the entire process.

J


You have just given our family the best Christmas present ever

“Clare

You are amazing you have just given our family the best Christmas present ever”.

Kaenarelle S.