When determining support payments, financial details are often involved, which our CFL™ course covers to round out your knowledge. In calculating support payments, legal timelines are also crucial. Certain states, like Florida, go by the length of a marriage in setting permanent alimony. That issue became the subject of debate in the recent appeals…
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By mistake or on purpose, business owners may fail to disclose perquisites or “perks” and “add-backs” to their cash flows. This can affect how much money is considered to be available for support purposes and the assets subject to equitable distribution in a divorce. Finding perquisites, personal benefits business owners may receive from their…
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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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