A recent increase in marital separations means SMSF practitioners are dealing with a greater number of family law super splits at the moment, which can be complex and present a number of practical challenges.

SMSF Alliance practice principal and SMSF specialist mentor David Busoli gives an overview of the key steps involved and considerations that need to be made in relation to compliance, administration and tax.

David also explains the important role SMSF professionals play in acting as an “honest broker” between the parties and provides advice for situations where the separation is particularly hostile.