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