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The Right Investment Advisor
For many divorcing clients, once the settlement comes in they are faced with an entirely new set of concerns. They have been waiting to get to this stage, assuming life will be easier once the finances have been settled, but then they realize they still have some huge financial decisions to make and some investment decisions too. In many instances, these recently divorced clients have never dealt with the family finances before and it can be overwhelming—an industry full of unfamiliar terms and concepts. In our experience, the multi-disciplinary “team” approach, where various professionals communicate with one another and work together to help clients through the divorce process and out the other side, is the most effective and ensures that the client receives the best service.
Post-Divorce Checklist: Are You Really Done?Recorded On: 07/18/2017
Based on a survey of family law attorneys, this webinar will include a checklist of areas financial professionals should be reviewing to ensure that everything documented in the divorce process will be carried out. This list will encompass: division and retitling of assets; estate planning; financing for new residence; and post-divorce budgeting.
Banking Pitfalls: Case Studies that Determine Better Outcomes for Separating and Divorcing CouplesRecorded On: 07/11/2017
During this engaging webinar brought to you by IDFA and John Panagakos, we will compare and discuss case studies and determine various outcomes based on whether client(s) selected one mortgage over the other.
CDFA Case Studies: You Can Lead a Horse to Water
In this article we review the case study of Wren and Donald who have been married for 12 years and have two children. Wren is currently looking for a full-time job and anticipates that she will make approximately $50,000 per year starting out. Donald is an executive and has a base salary of $225,000 plus bonus potential as well as stock options. The couple has cash and investments of approximately $450,000. This includes a $100,000 signing bonus/forgivable loan. They have retirement assets of approximately $200,000. The marital home has approximately $600,000 in equity and a mortgage balance of $350,000. The couple has approximately $20,000 in debt.
Common Mistakes Dividing Defined Contribution Plans in Divorce
Although retirement assets are often the most substantial part of a marital estate, there is a surprising lack of knowledge about how to divide such assets among divorcing parties and their lawyers, as well as financial analysts and planners. This is one area of divorce practice where it is especially easy to make mistakes—and those errors often cannot be fixed once they are discovered.
The Sale-Leaseback with the Right of Repurchase: An Effective Tool
In divorce, there are usually too many financial needs that are still present when the money runs out. No one has come up with a solution, and everyone thinks that there is no solution unless there is a significant lifestyle change, which neither party is willing to accept. As divorce professionals, we spend significant time at the drawing board without giving up hope prior to meeting with our clients pointing out that we recognize that they have explored their options. Then we give them one more potential solution for them to evaluate.
Understanding Divorce-Related Mortgage IssuesRecorded On: 06/20/2017
Join Douglas Katz for a webinar that will cover the basics of identifying and managing the real estate components of a separation and divorce. The major topics range from titling to structuring maintenance to credit scores. Be ready to provide your clients guidance on what could be the largest investment of their life.
Outcomes for Dependent Spouses with Alimony and Self-EfficacyRecorded On: 05/23/2017
What effect does alimony have on outcomes for dependent spouses? What is the primary driver of success for dependent spouses after divorce? Examining the history of spousal support in the context of current research, this webinar will explain the origins of spousal support, how it has evolved, and the current sate of outcomes for dependent spouses. Information will be provided to CDFA professionals on how they can use current research to inform their conversations with clients and guide them to a successful future. This webinar will provide suggestions on how support can be more dynamic and how the CDFA professional can model future outcomes for their clients, but also provide information to a supporting spouse and their attorney, which may assist with negotiations.
Divorce Pitfalls When Dividing Variable Annuities
An annuity is a financial product sold by an insurance company that allows money to grow tax-deferred for a period of time. In the future, the individual is then able to elect to receive a stream of future payments over the life of the owner or annuitant. Because of the way annuity contracts are designed, and the complicated tax implications, there are restrictions that you need to be aware of to avoid costly mistakes when trying to divide a variable annuity incident to divorce.
Five Ways to Ensure the Right Financial Settlement for Your Client
Are you equipped to help ensure that a fair settlement is reached? If you are not careful, you could miss vital information about your client's financial situation, leaving you at risk of a potential malpractice lawsuit. How do you ensure that you will be the best advocate for your client?