IDFA Online Learning
Catalog Advanced Search
Divorcing After 50: Make Finances Your Top Priority
Divorce after 50 can involve significant assets. Divorces among couples in this age group may have significant assets at stake. At the same time, it is not unusual for one spouse to have a lack of in-depth knowledge about the family’s finances. In those circumstances, the non-moneyed spouse may not be aware of what a fair settlement should be.
Long-Term Care Insurance and Divorce: A Conversation Worth Having
Chances are, some of your clients are in the midst of a divorce. In fact, you often may be asked to help sort out their life and health insurance plans, which are common negotiating points in divorce agreements. But it’s easy to overlook long-term care insurance (LTCi) when clients don’t already have coverage. You can perform an important service for your clients by raising the issue of long-term care planning with those who are divorcing or recently divorced.
Marital Agreements: Wealth Conservation Tool for Estate Plans
Paul Simon told us there are “fifty ways to leave your lover.” Only two choices are available, however, for “ways to leave a marriage”—divorce or death. With that in mind, estate planners should not overlook that divorce planning is a component of financial planning.
Modifying Model QDRO Language
Should a model QDRO be modified? Most likely, the answer is yes. A model QDRO is nothing more than a form of guidance and all ERISA plans cannot require that model language be used. Any order that satisfies the requirements under ERISA, REA, and the IRC for a QDRO must be recognized as such, even if the order does not bear a resemblance to the plan’s model QDRO.
How to Act as a Neutral and Settle CasesRecorded On: 09/27/2016
Have you ever considered helping husbands and wives settle their divorce case without attorneys calling the shots? In other words, have you ever considered working as a neutral? As a CDFA professional, you may be able to function as a mediator or hire yourself out to mediators as a divorce financial expert, helping couples save money, alleviate drama, and get a good start on their new lives. Robin Graine, JD, CDFA, VA Supreme Court Certified Mediator, will discuss how to comfortably “sit in the middle,” not get sued, and make money doing it.
Data Visualization for Divorce Financial ProfessionalsRecorded On: 08/23/2016
The human brain processes images 700,000 times faster than text, yet CDFA professionals' primary tools are spreadsheets, equations, and numbers. Join Michael Kothakota, CEO of Wolfbridge Financial, to learn how you can use data visualizations to help communicate vital financial information to your clients.
A House Divided: Analyzing Real Estate Options for the Present and FutureRecorded On: 07/19/2016
Karen Sparks, J.D., CDFA, discusses the fundamental requirements for different real estate alternatives, the processes involved in implementing these strategies, how software analysis can support your client discussions, and key professionals that can help facilitate client decisions.
The Lawyer as Peacemaker
Hard fought family cases can also hurt family lawyers. Suffering clients call nonstop, email long diatribes, and even show up at offices unannounced and agitated. Fueling the fire by delivering scathing interrogatories or through biting cross-examination can wear on an advocate’s mind, body, and spirit. In response, family lawyers are starting to expand their practices to focus on peacemaking. This article discusses what makes a lawyer a peacemaker.
Are We Getting Better or Worse? Let’s Get Better Together.
Does this sound familiar? You take a call at work from a newly divorced human and in their breathless state of undoing, they spill out the details of what they now understand to be their settlement. When they finally pause, they ask, “Can you help me?” A CDFA professional can have a critical positive impact, which can be amplified in favor of the client when that work is combined with solid legal expertise.
Moving on After the Storm: Post-Divorce Considerations
Life does not stop with the signatures on the marital settlement agreement and the court approval of the final paperwork. Without proper post-divorce planning, unexpected events can plunge our clients right back into another financial spiral of uncertainty, anxiety, and a potential host of negative consequences. It is at this point that some of our most important work as divorce finance professionals begins.