As we explain in our CFL™ course, forensic analysts base business valuations on future expectations of value or economic benefits. They don’t follow a set formula, therefore, valuations are sometimes more of an art than a science. Timelines and current economic conditions affect the overall appraisal. How Does Business Valuation Work? Among the main…
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As outlined in a recent webinar and in our CFL™ course, you can value businesses and real estate using different methods. The Maryland appeals court case of Persaud v. Goad shows how viewpoints and valuations may vary for these assets. Circuit Court Proceedings Sondra Goad and Robert Persaud met in 1998 while they worked…
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Dividing marital funds, as discussed in our CFL™ course, may become a “bone of contention” in a divorce. When dissipation, hidden assets, and other forms of financial trickery are also involved, the proceedings become dicier. Like in the recent Florida appeals case of Sager v. Sager, the situation can become grounds for unequal equitable…
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AACFL is committed to enhancing the legal profession through the financial education of family law practitioners. Learn how a top Florida firm has discovered the value of the CFL credential. We spoke with J. Christopher Lombardo, senior partner of Woodward, Pires & Lombardo, PA about why his firm chose to enroll in the CFL…
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How should an appraiser value businesses in a divorce? What happens to those valuations during an economic downturn such as the COVID-19 crisis? In our most recent webinar, industry experts Ken Pia, CPA, ABV, ASA, MCBA of Marcum LLP, and Mitchell Cohen of Johnson & Cohen, LLP answered those questions while they covered the following…
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Our CFL course explores the finer points of marital settlement agreements (MSAs). If you haven’t drafted them carefully, potential misunderstandings may lead to courtroom showdowns, like in the recent Florida appeals case of Forest v. Estate of Kohl. The proceedings centered on an interpretation of a release in the MSA and the former wife’s…
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Couples who decide to divorce after age 50 may have been married for a while and have acquired many things – some of them could be valuable. The rarer the item, the more likely it is to be worth something. Collections with not just sentimental but tangible value can be easy to miss, such…
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Our most recent webinar discussed ways to divide commercial real estate in property settlements. In it, long-term partner at leading law firms Jonathan Black of Essex Realty Investments LLC and AACFL board member and faculty Lee Sanderson of Valuation Forensics featured an effective tax-free method. Usually a primary marital asset, commercial real estate must be…
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Recent Bowling Green University and Pew Research studies suggest that on average, divorce rates among adults age 50 and older have nearly doubled since the 1990s. Older adults often need more money to plan for retirement and healthcare costs. Standards of living also continue to soar, which makes financial planning vital in “gray” divorces. A…
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Among other financial topics, our CFL™ course covers support, which can become an issue before and after divorce proceedings. Case in point: the recent Ohio Supreme Court decision In re Adoption of A.C.B. revealed how failure to comply with child support obligations under a judicial decree can influence a parent’s consent to an adoption. Case…
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