Clients with small businesses often find themselves gobsmacked at the approach that the family law courts may take in relation to their business. A valuer is often appointed at significant expense and that valuer will place an astronomical value on a business that the client has no ability to sell, leaving them with a fixed asset of paper-worth but little by way of realisable value.
The situation that may result is a difficult one for many small business owners to face – that they will be left with just their personal-services business whilst...
Monday, 23 November 2015
Sunday, 22 November 2015
Can I register for Child Support when one parent lives overseas?
Either parent may be able to:
Apply for an Australian child support assessment;
Register a Maintenance Order, Assessment or Agreement from another country for collection in Australia if the Order, Assessment or Agreement was established in a country listed as a reciprocating jurisdiction for Australia;
Obtain an Australian Court Order requiring the other party to pay child support. An Australian Court Order can be registered with the Child Support Agency for collection. Collection options can be limited however, where a paying parent lives...
Wednesday, 11 November 2015
The Future of the Binding Financial Agreement
'Pre-nuptial’ Binding Financial Agreements are an important tool available to the cautious and well-prepared traveller through life.
They are particularly widely-requested from parties who have already been through one hotly-contested relationship breakdown and with good reason
These parties will often appreciate what people who have not been through litigation before will not; namely that any document or record of what happened at the beginning of a relationship is an invaluable tool should a relationship end.
They also have a more acute...
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