The Family Matters Show

Heather McKinnon & Benjamin Bryant

Specialist family lawyers Benjamin Bryant and Heather McKinnon and their special guests answer your questions about divorce, separation, children's matters, property settlement and family court. They empower you to make wise decisions for yourself and your family. read less
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Episodes

When the Property Market Turns
Jan 1 2023
When the Property Market Turns
In family law matters the sale of the family home is often the most difficult and emotional part of the separation process.  And everything is just that much harder in the current environment, with rising interest rates and inflation making the entire market uncertain. For regional families things are even more opaque, because so much of what we see on social media or television relates to big city real estate markets.  So it can be difficult to figure out the local dynamics. To help our Coffs Coast listeners get a handle on the market and the issues related to selling a home after separation, Ben and Heather welcome two local experts. Stacey Parks is a Certified Practising Valuer with property valuation specialists Herron Todd White.  Craig Gardner is a partner and sales agent for Coffs Coast realtor Nolan Partners.  Collectively this foursome provide some insights into the following commonly asked questions. What factors influence the housing market on the Coffs Coast?At a time (like now) when housing prices are uncertain is it better to sell or wait it out?How does a valuer go about valuing real estate in an uncertain market?Has the method of selling a home shifted in recent years?  Are we seeing more or less auctions or private sales?If you are separating when the market is uncertain, does it matter whether you sell the house before or after divorce?What if you want to sell quickly but your partner refuses to sell?  Is there anything you can do?Can a realtor put a home on the market if only one joint owner requests the sale?What happens if joint owners can't agree on the listing price?What happens if joint owners can't agree on auction day?What are the key factors in valuing property?How does a valuer value property when one partner is buying out the other?What if you can't afford to buy out your ex but you also don't want to sell the family home.  Are there options?
Forensic Accounting: Valuing Businesses for Family Law
Jul 3 2022
Forensic Accounting: Valuing Businesses for Family Law
This month Ben and Heather talk to forensic accountant Suzanne Delbridge about valuing a business when separating. Suzanne Delbridge is the Director and Founder of Delbridge Forensic Accounting in Newcastle and a very experienced forensic accountant.  For listeners who may not know, a forensic account is specially trained to prepare financial information for a court of law. At the start of the podcast, Suzanne clarified exactly what a forensic accountant does and why they are absolutely critical when valuing a business.  Ben and Heather then delved into the following questions with Suzanne: When is it appropriate to use a forensic account, rather than simply using your company or personal accountant? (Clue:  it's never appropriate to use your company or personal accountant to value a business in divorce proceedings!) What are the different methods of valuation? How does an accountant differentiate between a business with significant value and one that is just a vehicle for owner income? Why do we sometimes see a business valued at close to nothing, when similar businesses are advertised a high prices? How do forensic accountants take into account lack of control or difficulty of sale when valuing a portion of a shared business? Can a forensic accountant identify if a business is being used to hide wealth? Do forensic accountants need to be involved in valuing self managed superannuation funds? Can the settlement structure in a divorce really make a significant difference to either party's tax bill?