VIC Avoid going to court for the property settlement after 12mths has passed sicne divorce
- Thread starter Countryboy
- Start date
AMICA is a pretty OK tool.
I don't often give hard line advice, but I will this time:
--> Do a BFA.
I don't often give hard line advice, but I will this time:
--> Do a BFA.
Great! Thank you.
Can I request superfund to release part of my fund to pay my ex. (to her fund) just by providing them the BFA?
Can I request superfund to release part of my fund to pay my ex. (to her fund) just by providing them the BFA?
I would imagine a court may need to stamp something for that to happen. Perhaps ask your super fund what is reqd.
Bit more to it then that .... The Fund trustee needs to be given procedural fairness. Pretty much just a formality in most cases, but the trustee will need to be served 28 days before you sign the BFA, & you'll need to provide proof of divorce as well ...
Your Lawyers will explain & take care of the detail when you inform them that you want to include a super splitting agreement as part of the BFA
It's my SMSF and I am the sole director, trustee and beneficiary etc.
I guess that makes it much easier to proceed. I have requested more information from the SMSF accountant.
I guess that makes it much easier to proceed. I have requested more information from the SMSF accountant.
There are still rules.
There are numbers of people who think that "self managed" means "can do whatever you want".
Good to hear that you know better.
Prudent move, yeah.
Instruction from the accountant: Please submit a stamped copy of the orders. Next, we’ll verify that the fiscal year 2024 has been fully accounted for. Additionally, we’ll prepare interim accounts to assess member balances. Finally, we’ll proceed with the split according to the specified orders.
Glad to know it's posible and could be handled by them fairly straightforward.
Glad to know it's posible and could be handled by them fairly straightforward.
Yeah, best you follow proper advice and keep copies of it all. The last thing you want is something coming undone at a future point due to not following current rules.
TBH I would have done a BFA and then had court stamp consent orders based on that BFA. But I am no lawyer.
TBH I would have done a BFA and then had court stamp consent orders based on that BFA. But I am no lawyer.
Similar threads
