Financial Issues in Family Law

Practice Point

Your guide to understanding financial information in financially complex family law cases

This publication is essential for: all lawyers advising family law clients on financially complex issues

Financial Issues in Family Law guides you through the financially complex matters that arise on the breakdown of a relationship when one or both of the spouses have business interests and interests in trusts. This includes characterization as family property or excluded property, financial disclosure, valuation principles, methods of division, tax consequences, and the calculation of income for child support.

To help illustrate the concepts, sample documents are presented and annotated with practical commentary. Among these are financial statements for a sole proprietorship, a holding company, and an operating company, as well as business valuations for the holding company and operating company, a trust agreement, sample tax returns, and a calculation of Child Support Guideline income.

With this resource, you will be able to:

  • understand the nature of ownership of a business and the information contained in the financial statements of the business
  • work effectively with an expert on preparing or critiquing a business valuation
  • understand the nature of an interest in a trust
  • confidently identify tax considerations of property division and income available for child support

Order today and confidently handle financially complex cases!

Highlights of the Third Edition:

  • discussion of financially complex matters in the context of the Family Law Act property division regime
  • in-depth discussion of financial statements of a business and valuing the business
  • sample financial statements and business valuations, annotated with important considerations
  • in-depth discussion of interests in trusts in the family law context
  • incorporation of the joint expert requirement for financial issues
  • thoroughly updated tax and child support guideline income chapters

Editorial Board
Kelsey K. Beazer — Jenkins Marzban Logan LLP, Vancouver
Ian B. Hayward — Hayward Sheppard Barristers & Solicitors, Vancouver
Lisa Slater — DLA Piper, Vancouver
Josephine Wong — Hayward Sheppard Barristers & Solicitors, Vancouver

Renée Aldana — South Coast Law Group, Surrey
Judith A. Janzen — Onyx Law Group, Vancouver
Roja Safartabar — Farris LLP, Vancouver
Sunny Sanghera — Blair Mackay Mynett Valuations Inc., Vancouver
Pamela Sheppard — Farris LLP, Vancouver
Nick Smith — Legacy Tax + Trust Lawyers, Vancouver
Farida Sukhia — Blair Mackay Mynett Valuations Inc., Vancouver
Lucas Terpkosh — Blair Mackay Mynett Valuations Inc., Vancouver
Amanda N. Winters — Farris LLP, Vancouver


1. Nature of the Property in Financially Complex Family Law Matters

2. Essential Legal Issues in Financially Complex Family Law Matters

3. Financial Statements of the Business

4. Valuation of the Business

5. Trust Settlement and Valuation of the Trust Interest

6. Tax Aspects of Division of Family Property

7. Income under the Child Support Guidelines

Case Table
Statutes and Related Material Table

“CLEBC’s latest edition of Financial Issues in Family Law is an essential book for navigating the complex financial landscape inherent in family law. Having held onto the second edition since 2009, I eagerly welcomed the updated release and it did not disappoint.

“This book is accessible, clear, and comprehensive. From understanding the intricacies of corporate financial statements and business valuations to explaining taxes and trusts in property division to determining guideline income for support purposes, this book will empower family law lawyers to approach their cases with confidence and competence. It offers practical, invaluable, and time-saving resources, such as checklists for document disclosure for business valuations, tax checklists, sample precedents for retainer agreements, and sample worksheets for guideline income calculations.

“CLEBC’s exemplary dedication to legal education shines brightly in Financial Issues in Family Law, making it an indispensable and highly recommended addition to any family law lawyer’s library.”

~ Manpreet Mand, Mand Law & Mediation