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30 Cases in My First Year: Marketing Your CDFA PracticeRecorded On: 06/21/2016
Nancy Hetrick, CDFA, MAFF, discusses how to build and market your CDFA practice. Topics include networking, volunteer work, educational marketing, and online referral sites.
Select Topics on Tax Saving IdeasRecorded On: 05/17/2016
Peggy Tracy, CFP, CDFA, CFE discusses little-known strategies to help your clients reduce income taxes, including overpaying taxes on alimony; the importance of tax credits after divorce; income-related legal fees; and cost basis calculations.
Key Areas of Analysis Impacting Marital Standard of Living ReportsRecorded On: 04/12/2016
Karen Sparks, J.D., CDFA, discusses the ins and outs of marital standard of living reports. Topics include the purpose of these reports, how to prepare and lay out the reports, and what client data to include.
11 Tips for Surviving Divorce
Did you know that 69% of all divorces are initiated by the wife in a marriage? This is a key statistic for women who may be contemplating divorce. With proper planning, women may be able to “level the playing field” in the divorce process, which is typically skewed to the primary-wage-earning husband. Several tips are discussed with respect to specific actions women should consider taking now if they are contemplating a divorce.
Can a Divorced Couple Continue to Own the Home Together?
With the recent housing market collapse so near in the rear view mirror, there are still plenty of couples out there that choose to divorce, but are either underwater on the primary home or don’t have enough equity yet for the spouse who wants to stay, to refinance. So are there creative solutions can we offer? Absolutely!
Communicating Financial Information During the Emotional Turmoil of Divorce
Going through a divorce is one of the most emotionally traumatic experiences someone can go through. People going through divorce experience emotions such as anxiety, fear, anger, and many others. These emotions, while necessary for decision-making, can cloud the mind and prevent the processing of information. To override fear and help with decision-making, divorce analysts and advisors should be using data visualization best practices in their meetings. This process can help facilitate faster and deeper understanding of their current and future financial situation.
The Unanswered Question of Retroactivity in a Same-Sex Couple’s Divorce
When the Supreme Court ruled that same-sex marriages must be recognized in every state, another door opened for LGBT couples—the ability to legally divorce. But one thing not solved by Obergefell v. Hodges was how to treat assets that were held and transactions that occurred before the June 26, 2015, ruling. This presents a challenge for divorce professionals creating a financial settlement. In splitting up assets, what exactly can be included and when can they be included or excluded?
What Divorcing Women Need to Know About Protecting Third-Party Trusts
For a divorcing woman, a fair settlement agreement is a critical step toward future financial security. So while you’re negotiating your settlement, remember that every marital asset is important, and none should be overlooked. Third-party trusts—such as those created for the benefit of the husband or wife by his or her grandparents or parents—can be an area of particular contention in divorce.
Tax Strategies for Small BusinessesRecorded On: 03/22/2016
Jonathan Gorman, CPA, CDFA, discusses tips for small businesses to minimize their tax exposure while maintaining compliance with IRS requirements. Topics include a discussion on small business tax deductions, tax strategies for new businesses, incorporating your business, and under-utilized tax deductions.
Dividing Retirement Plan Assets in DivorceRecorded On: 01/19/2016
Retirement assets are usually the first or second largest asset in the marital estate. Howard Phillips discusses the most important issues that come up when dividing retirement assets, including 401(k) plans, profit-sharing plans, pension plans, and 457 plans.