Divorce Concerns: Taxes, Valuation, Finances, Retirement and Obligations 2024

Monday, December 30, 2024
Webcast or Webinar, Online
11:00AM - 6:30 PM (opens at 10:30AM) EST
8Credits

Registration is Open

Members
$299.00 Regular Price
Non-Members
$399.00 Regular Price

CPE PowerPass Users

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$160.00 Members / $224.00 Non-Members
Course Type: Webcast
Course Code: 24/7125008
Level: Intermediate
Vendor: California CPA Education Foundation
Field of Study: Specialized Knowledge

Overview:

When contemplating a divorce, financial, retirement and tax issues are critical. Many clients need to think through the problems that are about to unfold. As a result, they need more time to be ready. Therefore, understanding, assessing, and deciding how to proceed is essential before completing the marital separation agreement. Discover how to re-design your client's financial plan with these unforeseen issues now part of the mainstream. During this course, you'll learn business valuation; discuss property, retirement and other assets; gain insights on the tax and financial ramifications of divorce; and navigate the assessment and division of financial assets before, during and after the divorce.

Objectives:

• Understand which types of assets, plans or equity components the client should pursue during the division • Identify tax elements inherent in valuing and selling assets • Value retirement plans • Determine community property vs. common law issues

Major Topics:

• Divorce and ongoing payment issues dealing with alimony and child support • Documents protecting a client going forward, including pre-nuptials, cohabitation agreements, post-nuptials and many others • Advanced income tax issues, including like-kind exchanges, filing status issues, credits and asset sales • Advanced retirement issues, including dissecting qualified, personal retirement, and nonqualified plans, QDROs, past and defunct plans, and using retirement assets to equalize assets • High-level valuation issues, including closely held business, stock redemptions, partnership redemptions and stock options

Major Topics:

• Divorce and ongoing payment issues dealing with alimony and child support • Documents protecting a client going forward, including pre-nuptials, cohabitation agreements, post-nuptials and many others • Advanced income tax issues, including like-kind exchanges, filing status issues, credits and asset sales • Advanced retirement issues, including dissecting qualified, personal retirement, and nonqualified plans, QDROs, past and defunct plans, and using retirement assets to equalize assets • High-level valuation issues, including closely held business, stock redemptions, partnership redemptions and stock options

Designed For:

Advisors needing a deeper understanding of financial planning related to divorce.

Prerequisites:

A basic understanding of divorce concerns.