Often in family breakdowns, particularly where a husband and wife are part of a family business, accountants, commercial lawyers and sometimes financial planners, will be involved.
As part of this involvement, these professionals are usually one of the first to become aware about a separation or a potential separation.
Being aware of this change or potential change in a relationship early is extremely valuable, and will often be a significant factor in the financial decisions that are made once this is known.
However, it is often not until things have progressed to a stage where there is a dispute, or parties decide they want to formalise a property settlement, that steps are taken to get a family lawyer involved.
It is important to involve a family lawyer early, to provide perspective on the significant financial and structuring decisions that may be made to avoid complications and potential unintended and/or detrimental consequences when things may not be going as smoothly as they might have been in the early stages.
Likewise, it is imperative that family lawyers consult and collaborate with a party’s other trusted advisors, who have a key and in-depth understanding of a family’s financial arrangements, and can advise on the advantages and disadvantages of financial arrangements outcome both in the short and longer term.
Resolving a family law property dispute is always done best as a team of trusted advisors working together and looking at issues through the different professional lenses.
Josephine Sergi and the family law team at Kalus Kenny Intelex take pride in working closely with clients’ trusted advisors to ensure the best possible outcome for our clients.