SMSF dispute aftermath: Splitting the spoils and what to do when court orders fail

National Conference 2021

Most practitioners will have a client couple who go through a separation and associated property settlement at some time. Even when the separation is amicable, there are numerous aspects of family law payments splits that pose particular challenges for SMSFs. Where the separation is not amicable, even more complex issues can arise.

This is a practically focused session looking at different kinds of difficulties for SMSFs in dealing with family law splits. Through a series of actual war stories and case studies we will highlight some of the pitfalls that can arise and offer tips for avoiding and/or resolving them.

At the end of the session, you will be able to:

  • Identify common mistakes made when dealing with family law splits in SMSFs;
  • Understand how practitioners can assist clients with developing a smooth family law split process, and;
  • Consider alternative courses of action for when things don’t go to plan.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association