Family Law Tax Issues
by Peter Szabo
The Difference between Hacking and Carving
Family Law Tax Issues when lawyers involved in financial matters are really undertaking forced estate planning. As such, they and the financial experts also involved need to come to grips with the full ramifications of their work in this regard.
This practical booklet covers the strategies that need to be understood by family lawyers when negotiating a family law property settlement or formulating orders to be made by the Family Court. Accountants and financial planners may also find this booklet of assistance when creating a financial plan for their clients. With care, the inevitable financial loss to both parties can be kept to a minimum, and unwanted revenue expenses can be avoided. Failure to take such issues into account can have disastrous consequences for the client, with a corresponding negligence action against the professional adviser.
This booklet was first published for the Australian Family Lawyer’s National Convention in October 1998, and has been constantly revised and updated.