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

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.

Highlights

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

Prerequisites

A basic understanding of divorce concerns.

Designed For

Advisors needing a deeper understanding of financial planning related to 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

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).