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Mediation: An Alternative to Litigation
Couples seeking divorce today have lost confidence in the customary system of divorce resolution, which involves litigation. People feel litigation is expensive, adversarial, and unable to cope with conflict. People cannot justify the legal costs, which impair their future wealth. People simply do not trust that the legal separation will be fair. While no one wants to have to think about separation and divorce, it is encouraging to know that there is an alternative to the pitfalls of litigation: mediation.
Divorce and Insurance: Make Sure Your Client Has the Right Insurance
Every professional working with divorcing clients should be mindful of the importance of insurance, particularly for the spouse receiving spousal and/or child support. Insurance is crucial for the long-term viability of the support agreement. Without adequate insurance on the payor spouse, the recipient spouse is at risk of losing his or her support income. This could occur for a variety of reasons: the spouse with the ongoing child or spousal support obligation could die or become incapacitated, for example, or could lose his or her employment or could alter the designated beneficiary in the group plan.
Hear More Yes: Helpful Tips to Get More Clients and Grow Your Practice
As divorce professionals, you have the power to deeply impact and influence the lives of your clients. Often, you get so busy running your practice that you forget about how you just changed the course of a client’s life. Every heart-wrenching decision and every strategic move that you help your client make will change their life forever. How rewarding would it be to serve more people going through this life-altering experience who are willing and ready to engage in your services so that they can have peace of mind about life after divorce?
Child Support and Beyond: How to Handle the Expenses Child Support Doesn't Cover
Child support is an attempt by the court to ensure that the children’s basic needs are met, and that as they go from one household to the other they have a relatively comparable standard of living. In most states, there is a formula or calculator to help determine how much child support should be paid from one parent’s household to the other household. Generally, child support is meant to cover the basics—food, clothing and shelter. There are far more costs above and beyond what child support would ever cover. And it is these costs that also must be shared by parents.
The Expert Witness Toolkit: Expanding Your Divorce Analysis Practice to Include Trial Work
With so much emphasis on the financial aspects of divorce, it is easy to lose sight of how valuable and varied our expertise is, and how well it translates into many other areas of the divorce process. If you are currently providing financial strategies in the CDFA® professional capacity and want to expand your menu of services, consider working with attorneys, mediators and other divorce allies as an expert witness.
Business Valuations in Divorce: What You Need to Know Before Splitting a Business
A business, whether owned wholly or in part, may represent a significant portion of the marital estate in divorce settings. In these situations, the parties will frequently disagree on the value of the business. To understand the value of a business and the disagreement of the parties, two very important concepts need to be discussed: Standard of Value and Approaches to Value.
5 Cognitive Biases That Lead to Difficulty in Divorce Finances
In the 1970s, Amos Tversky and Daniel Kahneman introduced the concept of cognitive bias to help explain why their studies showed people diverging from rational choice making. Since then, a number of these biases have been identified, and social scientists study how they affect decision-making in a variety of areas (finance being one of them).
Competent Report WritingRecorded On: 07/17/2018
Report writing is an essential part of our profession. Whether it’s a cover letter or a comprehensive report for trial, understanding the basics of good report writing is a must have skill. In this webinar we will be discussing the structure, format and content of a trial appropriate report. We will also be discussing designing your Curriculum Vitae to be bulletproof upon cross-examination. Courts often require that your information be shared with the opposing counsel as well as entered into evidence. It is crucial that your written report stand as a model of clarity.
CDFA Candidate Handbook
In this guide, you will find information to help you as you study to become a CDFA professional. Please take time to read this guide thoroughly, as it will provide information on the expectations and responsibilities as a CDFA candidate, and the examination process.
Divorce and the Special Needs FamilyRecorded On: 06/19/2018
Statistics show that 20 percent of the U.S. population is affected by special needs. While the divorce rate among families with special needs is often the topic of great debate, there is one fact that remains certain: the complexity of a divorce proceeding increases exponentially when working with families with special needs. Knowing how to handle financial planning for families with special needs at the onset of a divorce process will help to ensure that the future of the family member with special needs is considered in all aspects of the negotiations, including child support, alimony, and custodial decisions including guardianship.