Selling your business is the furthest thing in your mind when you are in the positive stages of a thriving business.
Net Asset Pool (NAP) (noun): (assets – liabilities) + superannuation = Net Asset Pool
Disclosure (noun): a process whereby both parties to a family law property settlement are required to exchange all information and documentation relevant to their financial circumstances.
So, you and your former partner have reached an agreement about your family law property settlement. Part of the agreement is that you receive some of your former partner’s superannuation. But…how do you go about executing this?