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The Association of Divorce Financial Planners (ADFP) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.


Conference Agendas

9th Annual Conference: Treat Yourself First – Advance Your Skills

Doral Arrowwood Resort and Conference Center, Rye Brook, NY, September 22 – 24, 2011

ADFP University

Morning Sessions

  1. Introduction to Basic Divorce Taxation (4.0 CFP CEU & 4.0 CPE Credits)
    William Donaldson, CFP®, EA, CDFA™

    Divorce and Taxes: Avoiding the Pitfalls In this workshop, Bill Donaldson will cover the basics of divorce taxation as well as temporary changes in the tax laws. Hear the tax rules regarding the home, and how to avoid the pitfalls of alimony and recapture rules. Bill will discuss dividing retirement assets, tax issues re children in divorce, filing status and basics of the 1040 income tax return.
  2. Family Law Software – What’s New and Interesting (4.0 CPE Credits)
    Dan Caine, MBA, JD, President, Family Law Software

    We will look at features that are new in the software in the past year. These may include the new "Alimony Needed" targets; the Unearned Income Medicare Contribution Tax; new options on the Property Division screens; the new "What If Equitable Distribution" and "What If Guideline" screens, and more.

    Also, we will look at other interesting topics. These may include upside-down mortgages and short sales; the alimony present value interest rate (marginal or average); rental real estate mortgage cash flow; property division on an after-tax basis; reimbursements for marital property spent for separate purposes; using the Notes button; the effect of mid-year support on the Budget Report; using the "unallocated asset bar chart"; using property settlements; defined benefit plan values and "double dipping," present-valuing social security, and more.
  3. No Cost Low Cost PR Tactics (4.0 CPE Credits)
    Stacy Francis, CFP®, CDFA™

    Stacy’s information-packed seminars reveal the insider’s secrets that have led to hundreds of press appearances and triple digit revenue growth for her company. In her talk, “PR on a Budget: How You Can Wage an Effective PR Campaign Without Spending a Penny,” Stacy will teach you how to pitch yourself and your company in a way that impresses and interests reporters, take advantage of valuable free online tools to increase your media presence, write your own press releases and get thousands of internet search hits, present yourself as an authority in your field, book yourself for paid speaking engagements – without relying on an agent or speakers bureau, and cultivate valuable relationships with the press.

Afternoon Sessions

  1. Introduction to Advanced Divorce Taxation (4.0 CFP CEU & 4.0 CPE Credits)
    William Donaldson, CFP®, EA, CDFA™

    Divorce and Taxes: Special Cases. A basic case is not where you set yourself apart - It is when you are confronted with an unusual situation that gives you an opportunity to become an invaluable resource. In this course, Bill will discuss topics such as dealing with small businesses, decoding complicated income tax returns, non-employed/high asset individuals, stock options as a marital asset – how are they divided, lump-sum alimony alternatives, and much more.
  2. Introduction to Family Law Software (4.0 CPE Credits)
    Dan Caine, MBA, JD, President, Family Law Software

    This introductory session will cover the same topics as the standard monthly 2-hour Webinar, but in person and in more detail. The questions we will address include: How can I help clients gain an understanding of their present and likely future financial situation? How can I help clients understand outcomes upon sale of the residence? How can I value the parties’ defined benefit pension plans? How can I find the correct child support guideline amount? How can I help clients reach agreement on a fair spousal support amount? How can I help the parties divide their assets and debts? How can I help the parties reach an equitable distribution on a tax-effected basis? How can I leverage my clients' time in the preparation of the case? How can I most helpfully present the information to clients and attorneys?
  3. Role of the Divorce Financial Planner in Litigation, Mediation and Collaborative Divorce (4.0 CFP CEU & 4.0 CPE Credits)
    Lili A. Vasileff, CFP®, CDFA™, Chair and panel of highly experienced divorce practitioners

    The role of the divorce financial planner is integral to every legal setting: mediation, collaborative and litigation. In each of these settings, our role is defined by specific engagement and scope of tasks to be performed. However, our platform for advocacy, analysis and strategy for generating options for resolution may be very different with each process. It is imperative we are mindful and respectful of the variety of hats we can wear and what protects us from overstepping our boundaries or from falling short of anticipated outcomes. In this session, we define our role in each setting, describe the boundaries and limits placed upon us, and explore methodology for recommending solutions within each process. Our potential participation in each of these legal communities is powerful and essential for accelerating the public’s recognition of divorce financial planning. Learn from experienced practitioners who navigate the complexities of these different legal venues to provide valued added to their clients.

Conference

Having Tea with the Jabberwocky (1.5 CFP CEU & 1.5 CPE Credits)
Julie S. Rivers, Esq., Gerber & Bateman, PC

Indulge yourself and learn how to tap into your sense of creativity and be present in the moment. This experiential learning technique teaches you how to prepare your clients to work together in the divorce process and enhances opportunities for generating options for problem resolution. You will learn how to safeguard your clients’ interests and give them tools to be resilient so that the divorce process moves forward holistically.

When the Honeymoon is Over... Estate Planning Before and After the Divorce (2.0 CFP CEU & 2.0 CPE Credits)

Gary Botwinick, Esq., Partner, and Patricia Barbarito, Esq., Partner, Einhorn, Harris, Ascher, Barbarito & Frost, P.C.

No matter where you look, you cannot escape the statistics regarding the high rate of divorce in the United States. The business of divorce is booming. So it would be naïve not to consider the impact of a divorce on the family finances during all stages of a marriage -- beginning even before the festive wedding day.

But what about the idea of planning for a possible divorce while still remaining in a marriage that the other party has no idea is heading for an end? Is a divorce something that can, or should, be planned for "privately" -- before one's spouse realizes the end is near? Should married people evaluate their situation vis-a-vis the death of their spouse, versus their situation after a divorce? Perhaps these considerations while pretending to be in a "good" marriage are a bit duplicitous -- but it is naive to suggest that it doesn't happen, or shouldn't be done.

Our program will focus on these issues and other related topics that family law practitioners face on a regular basis. The speakers will address the interrelation between matrimonial, financial, estate and tax issues that factor into these matters. The program is intended to focus the attention of planners on issues that are important in all stages of a marriage, so that attendees are equipped to view these considerations in a new light.

Presentation of Annual Pioneering Award to Dan Caine and Wendell Smith, Developers of Family Law Software

Keynote Address by Dan Caine, “How We Got Here and Where We’re Headed”

Understanding Forces Behind Money Behavior and their Implications for Divorce Financial Planners: During and After Divorce (2.0 CFP CEU & 2.0 CPE Credits)
Tahira K. Hira, PhD, Professor, Iowa State University

Focus of this presentation will be on understanding the complexity of financial behavior with special attention to role of money in marriage and divorce; personality traits that lead to success and failure in managing one’s financial resources. Selected research findings that help understand a) the gender differences in financial attitudes, beliefs and behavior; b) predictors of financial management practices leading to financial success and financial failures, c) role of consumer bankruptcy and credit counseling as a solution to consumer delinquencies. Specific initiatives of the President’s Council on Financial Literacy and benefits of financial education to businesses and clients will also be discussed. Implications of research findings will be developed to show how divorce financial planners may use information presented here to identify personality and relationships issues that underlie financial behaviors among divorce clients and how to redesign financial planning approach to be more effective in working with divorcing couples.

An Integrated Collaborative Divorce Team Model (2.0 CFP CEU & 2.0 CPE Credits)
Eva Sachs, CFP®, CDFA™, Divorce Financial Consulting, Toronto, Canada

Discussion of an integrated collaborative team model developed by Eva Sachs, a divorce financial planner and Marion Korn, a collaborative lawyer. In this session you will learn why they came together, how they integrated this business model into their practices, how the model makes the process more effective and efficient for both clients and team members, what it takes to build a successful collaborative interdisciplinary team and practical tools and tips.

Advanced Case Studies in Divorce Taxation (2.0 CFP CEU & 2.0 CPE Credits)
William Donaldson, CFP®, EA, CDFA™

In this advanced level workshop, real cases will be analyzed to illustrate how mistakes can be avoided had the proper advice been given before the final agreement is drafted. Excerpts from actual divorce agreements and experiences from various cases will be reviewed in a hands-on, practical format. Participants will learn where to look for and how to identify potential tax traps and develop strategies to avoid them. Examples are real estate transactions, pension divisions, alimony and child support, dividing investments and dividing stock options.

Conference Day 2

Participation-Centered Learning and the Case Method: Coming Up with Solutions and Successful Recommendations (2.5 CFP CEU & 2.5 CPE Credits)
Lili A. Vasileff, CFP®, CDFA™, Chair, Amy L. Whitlatch, CFP®, CDFA™, Kevin Worthley, CFP®, CDFA™, Darlys Harmon-Vaught, Darlys credentials: Ed.D, CDFA, CFFA, CFE, CTS

When divorce financial planners are faced with a client's case, we place ourselves in the role of decision maker as we understand the situation and identify the problems we are faced with. We perform the necessary analysis – and this session follows up efficiently on last year’s analysis session. This is a stand alone presentation that will open your eyes to problem solving and how to present successful recommendations. Our challenge at this session will be to craft practical and desirable solutions, to think outside the box when necessary, and to provide seamless support that is supplemental to the legal process.

On site, you will be asked to reflect on the case, to meet in learning teams to "warm up" and to discuss findings with peers. Under questioning and guidance from instructors, you will probe underlying issues, compare different alternatives, debate nuances, and finally, suggest courses of action in light of the case's objectives. The interaction with your peers allows you to learn from listening, observing, asking questions, and talking. As the case study unfolds, this interaction with your peers is enriched by your diverse backgrounds, states, experiences, and impressions. At the end of this session, we should all be amazed by the depth and breadth of the exchange of ideas.

The Intricacies in Valuing a Pension (2.0 CFP CEU & 2.0 CPE Credits)
Robert Guarnera, MSPA, FCA, MAAA, EA, CPC, Pension Actuaries, Inc.

Your client calls you and tells you he needs your help. They are considering a divorce and they are establishing a value on all of their assets. He tells you that he has a corporate defined benefit pension and his wife is covered under the federal pension system. In addition, they have a 401(k) and 457 plan plus some IRAs. They ask you to determine the values and advise them of what is considered marital property.

This session will discuss the differences between ERISA and non-ERISA plans, problems and intricacies inherent in determining a value, how to calculate the benefit, what retirement age to use, what assumptions to use, tax impacting and preparing a report for expert testimony.

Professional Protocols and Standards (Carl M. Palatnik, PhD, CFP®, CDFA™, AAMS®)

Progress report on the work of the Association of Divorce Financial Planners toward the development of protocols and standards for the divorce financial planning profession. A must for all practitioners as well as allied divorce professionals.

Integration of the Value of a Privately-Held Business in the Divorce Process (2.0 CFP CEU & 2.0 CPE Credits)
Kenneth J. Pia, Jr., CPA, ABV, ASA, MCBA, Partner, Meyers, Harrison & Pia, LLC

Let's face it, the end result of a divorce is a division of financial assets and income; same as it is with the dissolution of any financial partnership.

This session will focus on the financial implications of the privately-held businesses value and earnings which in many cases is the single largest asset and income source to the marital partnership. In this session you will learn to understand what the "value" of a private company really means and how value and income from the same source can sometimes be "double-dipping" to the detriment of one of the parties. You will also learn about what "true" income really is and how sometimes forensic accounting techniques must be used to determine what that is.

Ken will talk about the various ways a financial valuation expert can be used in the divorce process including successful settlements and ultimately how the expert is persuasive in presenting their conclusions and opinions to the court, mediator/arbitrator or both lawyers as a "neutral" expert.

Effective Time Management in the Age of 24/7 Accessibility (2.0 CPE Credits)
Karin Vibe-Rheymer-Stewart, Founder Daily Mastery

As an independent professional, you have many demands on your time: taking care of your clients, administering your practice, and marketing it among others. When you add to this already full plate the management of email, phone and other tools that make you accessible 24/7, getting everything done often seems impossible. In this presentation, Karin Stewart will introduce some practice of time management that will make it easy for you to get your work done, manage your cases more effectively and have time left over for your life.


8th Annual Conference: Building Professionalism

Microsoft Conference Briefing Center, NYC, NY, September 23 – 25, 2010

ADFP University

Morning Courses

  1. Introduction to Basic Divorce Taxation (3.5 CFP CEU & 3.5 CPE Credits)
    Ginita Wall, CPA, CFP®, CDFA™

    Divorce and Taxes: Avoiding the Pitfalls In this workshop, Ginita Wall will cover the basics of divorce taxation as well as temporary changes in the tax laws. Hear the tax rules regarding the home, and how to avoid the pitfalls of alimony and recapture rules. Ginita will discuss dividing retirement assets, tax issues re children in divorce, filing status and innocent spouse rules.
  2. Family Law Software - Advanced Applications (3.5 CPE Credits)
    Dan Caine, MBA, JD, President, Family Law Software

    How to fairly reflect the giving of separate property to another party. Dealing with “shared expenses” (typically, expenses for the children). Representing discretionary expenses. Two approaches to tax-effecting assets. Finding the inflection point when trading off alimony against child support. Finding the tax benefit (or tax cost) of alimony. Offsetting social security against defined benefit pensions. Child support in split and shared custody situations.
  3. No Cost Low Cost PR Tactics (3.5 CPE Credits)
    Stacy Francis, CFP®, CDFA™

    Stacy’s information packed seminars reveal the insider’s secrets that have led to hundreds of press appearances and triple digit revenue growth for her company. In her talk, “PR on a Budget: How You Can Wage an Effective PR Campaign Without Spending a Penny” Stacy will teach you how to pitch yourself and your company in a way that impresses and interests reporters, take advantage of valuable free online tools to increase your media presence, write your own press releases and get thousands of internet search hits, present yourself as an authority in your field, book yourself for paid speaking engagements – without relying on an agent or speakers bureau, and cultivate valuable relationships with the press.

Afternoon Courses

  1. Introduction to Advanced Divorce Taxation (3.5 CFP CEU & 3.5 CPE Credits)
    Ginita Wall, CPA, CFP®, CDFA™

    Divorce and Taxes: Special Issues in the New Economy The new economy has brought many economic challenges, and changes in the economy and tax law have altered the way that we should advise clients in divorce. Ginita will discuss taxation regarding foreclosure, short sale and loan modifications, including bankruptcy and insolvency exceptions. She’ll also talk about the family business, including corporate redemptions and the transfer of partnership interests, and stock options, RSUs and other forms of executive compensation. Learn about the use of trusts in divorce, as well as how to advise clients regarding a lump sum alimony buyout.
  2. Introduction to Family Law Software (3.5 CPE Credits)
    Dan Caine, MBA, JD, President, Family Law Software

    How can I help clients gain an understanding of their present and likely future financial situation? How can I help clients understand outcomes upon sale of the residence? How can I value the parties’ defined benefit pension plans? How can I find the correct child support guideline amount? How can I help clients reach agreement on a fair spousal support amount? How can I help the parties divide their assets and debts? How can I help the parties reach an equitable distribution on a tax-effected basis? How can I leverage my clients' time in the preparation of the case? How can I most helpfully present the information to clients and attorneys?
  3. Introduction to FinPlan (3.5 CPE Credits)
    Amy Whitlatch, CFP®, CDFA™ & Susan Moussi, CPA, CFP®, CDFA™

    Cash flow is one of the most prevalent concerns for both parties in a divorce. This course will provide a walk-through of Thompson West’s “FinPlan Divorce Planner,” a very useful tool to assist you in educating the parties. One is able to produce reports that demonstrate how support, deductions, exemptions, and tax credits all work together to affect projected cash flow and allows you to compare various support options under consideration. This program is recognized nationally, and is a frequent, sometimes mandatory report presented in court systems. The modules of the companion program, FinPlan Divorce Math will also be reviewed. These modules permit calculating estimates regarding lump sum support, pension valuations, alimony recapture, and more.

Conference Day 1

Participation-Centered Learning and the Case Method (4.0 CFP CEU & 4.0 CPE Credits)
Lili A. Vasileff, CFP®, CDFA™, Chair, Susan Campbell, CFP®, CDFA™, Cathy Daigle, CFP®, CDFA™, Cinda L. Jones, CDFA™, CFP® ,Susan A. Moussi, CPA, CFP®, CDFA™, Amy L. Whitlatch, CFP®, CDFA™, Kevin Worthley, CFP®, CDFA™

When divorce financial planners are faced with a client's case, we place ourselves in the role of decision maker as we understand the situation and identify the problems we are faced with. The next step is to perform the necessary analysis - examining the causes and considering alternative courses of action to come to a set of recommendations. To get the most out of this case study, participants will be sent the case in advance of the conference.

On site, you will be asked to reflect on the case, to meet in learning teams to "warm up" and to discuss findings with peers. Under questioning and guidance from instructors, you will probe underlying issues, compare different alternatives, debate nuances, and finally, suggest courses of action in light of the case's objectives. The interaction with your peers allows you to learn from listening, observing, asking questions, and talking. As the case study unfolds, this interaction with your peers is enriched by your diverse backgrounds, states, experiences, and impressions. At the end of this session, we should all be amazed by the depth and breadth of the exchange of ideas.

Lunch/Presentation of Annual Pioneering Award to Ginita Wall, CPA, CFP®, CDFA™

Keynote Address Ginita Wall, “Helping People through Life’s Transitions” (1.5 CPE Credits)

In her Keynote address, Ginita Wall will share with us the story of her career and discuss her marketing techniques, including how she helped create the Second Saturday program and the Women’s Institute for Financial Education and Money Clubs. She’ll discuss the impact of what she calls the Power of the Three Es as she worked to make a difference in people’s lives and how you can incorporate the Power of the Three Es into your life and career.

I Breakout Sessions

  1. Finding the Hidden Assets and What to Do After You Have (2.0 CFP CEU & 2.0 CPE Credits)
    Leonard G. Florescue, Esq., Partner, Blank Rome

    What areas do you need to explore to find the assets? Do you want to know where the skeletons (oops, assets) are hidden? Or at least where to look for them? What are some of the devices that unforthcoming people try to use to hide their assets from scrutiny? How, at least generically, do you outsmart them?
  2. The Elephants in the Room (2.0 CEU & 2.0 CPE Credits)
    Elizabeth S. Thayer, Ph.D. & Wendy F. Habelow, Ph.D., Beacon Behavioral Services

    Conflict often arises unexpectedly in mediation and collaborative sessions because of significant underlying issues emanating from the individual, marital and/or family history. Sometimes these issues are known and must be dealt with sensitively in order to deal with the conflict in the couple. At other times, these issues are not immediately discernable and not easily linked to the presenting conflict. This workshop will examine some of “the elephants in the room,” the most common and difficult historical issues for divorcing couples. How and when do they show up? How are they related to the presenting conflict? How do you manage them in and out of sessions? What kinds of interventions are effective? What are the potential consequences of ignoring them versus addressing them?

II Breakout Sessions

  1. Finding Hidden Treasures in Tax Returns (2.0 CFP CEU & 2.0 CPE Credits)
    Mark S. Gottlieb, CPA/ABV/CFF, CVA, CBA, DABFA, MST

    The ability to read and understand business and personal income tax returns may be one of the most important tasks in evaluating the finances in a divorce proceeding. This workshop will teach participants what tax returns say and what they don't readily reveal. Learn what to look for to determine what a business owner really earns and how to identify personal and discretionary expenses that may be paid from a business.
  2. Working with Difficult Clients (2.0 CFP CEU & 2.0 CPE Credits)
    Ken Neumann, Ph.D., Director, Center for Mediation and Training

    Divorcing clients are by definition going through a difficult time. However there are some clients who we experience as being difficult beyond that. This workshop will teach you how to identify which clients you experience as difficult and to develop techniques to work more effectively with these clients.

Conference Day 2

Gray Divorces (2.0 CFP CEU & 2.0 CPE Credits)
Janice L. Green, Esq.

Divorcing after 50 presents legal, financial, and emotional issues not encountered by younger spouses: less time to recover financially post-divorce, greater emphasis on age-related attributes of assets and income generation, higher anxiety produced by higher stakes, use of estate planning tools in settlement agreements, roles of adult children, impact of health care coverage and costs, and more. Financial planning and family law are joined at the hip to meet the challenges and needs of this increasing client population.

I Breakout Sessions

  1. Tax Planning Opportunities and Pitfalls Associated with Stock Options, Restricted Stock, Retirement Benefits and Other Executive Perquisites (2.0 CFP CEU & 2.0 CPE Credits)
    Maria McKeon, Esq.

    Attorney McKeon will guide you through these complex benefits, key you in to the opportunities offered by the IRS to save taxes for both parties and outline strategies that will avoid costly tax results. Executive stock benefits and qualified and non-qualified retirement benefits are some of the most valuable assets in divorce. Understand the language needed to correctly identify and divide these valuable assets.
  2. The Psychology of Divorce (2.0 CPE Credits)
    Ken Neumann, Ph.D., Director, Center for Mediation and Training

    This workshop will explore the stages of the Divorce Process and the emotional issues that accompany divorce. And most importantly how to manage them when we are working with clients.

Case Study – Exploring Compliance, Legal and Regulatory Issues in Interdisciplinary Divorce Processes (1.5 CPE Credits)
Paul A. Lieberman, Esq. & Joseph D. Visco, Esq., Stark & Stark

Specific topics in an interactive dialogue presentation will include: 1) Metes and Bounds of Unauthorized Practice of Law and the Impacts, 2) How divorce financial planners 'collaborate' with Divorce Counsel and Clients, 3) How to Avoid Compliance, Legal and Regulatory exposures in actual practice and 4) Best Practices- Real, Imagined, Ignored and the Consequences

Compliance – An Underwriter’s Perspective (1.5 CFP CEU & 1.5 CPE Credits)
Lisa Benneig, RPLU, ASLI, Markel Cambridge Alliance

Brief overview of Markel Cambridge Alliance’s E&O coverage for divorce financial planners (what is covered and what is not) and discussion of some claims they have had.

Razzle Dazzle Lili A. Vasileff, CFP®, CDFA™, Chair, Susan Campbell, CFP®, CDFA™, Cathy Daigle, CFP®, CDFA™, Cinda L. Jones, CDFA™, CFP® ,Susan A. Moussi, CPA, CFP®, CDFA™, Carl M. Palatnik, CFP®, CDFA™, Amy L. Whitlatch, CFP®, CDFA™, Kevin Worthley, CFP®, CDFA™

A stimulating wrap-up highlighting the takeaways as we summarize insights, ideas and next steps for our profession. A time to band together, to talk about our future and plant seeds as we continue to strive toward best practices.


7th Annual Conference: The Challenges of Divorce in Today’s Economy

Radisson Hotel, New Rochelle, NY, September 11 - 12, 2009

Program Continuing Education Credits, approximately 15

ADFP University

Chapter Update and Development
Amy L. Whitlatch, CFP®, CDFA™ and Susan A. Moussi, CPA, CFP®, CDFA™

This is a discussion-based seminar to share the values of participating /developing an ADFP Chapter, how to start one or improve one, and how we can all serve each other on the national level.

Divorce in Tough Economic Times
Lili A. Vasileff, CFP®, CDFA™

Presentation ADFP Annual Pioneering Award

Keynote Address: Interdisciplinary Collaborative Divorce: Harnessing the Power of the Team Pauline Tesler, JD and Peggy Thompson, PhD

Advanced Collaborative Workshop: Communication Skills for Collaborative Financial Professionals
Peggy Thompson, PhD

While some think of the financial professional as dealing only with numbers, we all know that finances are loaded with emotions. Clients at the time of divorce often are overwhelmed by emotions and find it difficult to think clearly. This workshop offers a collaborative financial professional an introduction to the use of structured communication tools to help them work more effectively with clients. Structured communication assists both the professional and the client. It helps the professional gain greater understanding of the client’s thinking as well as listening with greater awareness. The workshop will cover the basic structure of a complete communication and listening for understanding.

Vern Hayden, CFP®

Morning Breakout Sessions

  1. Practice and Professional Standards I – panel
  2. Determining Appropriate Amounts & Durations of Alimony/Spousal Maintenance in Divorce
    Carl M. Palatnik, PhD, CFP®, CDFA™, AAMS

    Case law and anecdotal evidence from cases settled out of court and by alternative dispute resolution methods indicates suggests there is great variability in the amount and duration of spousal maintenance awards in apparently similar cases. This apparent lack of consistency suggests that these determinations are unreliable and potentially unworkable, the result often being serious cash flow problems post-divorce. This interactive workshop uses a case study approach to illustrate how economic forecasting can be a powerful tool for helping determine workable amounts and durations of spousal maintenance.
  3. How Divorce Financial Planners Can Bring Added Value to Your Practice
    Amy L. Whitlatch, CFP®, CDFA™

    As an attorney or mental health professional, you are only too aware of the large demand placed on couples ending their marriage to understand complex legal and financial issues while experiencing tremendous emotional turmoil. This session will examine the ways a divorce financial planner can be of assistance to attorneys and their clients in all stages of the divorce or dissolution process, from discovery, analysis and negotiation through the transition to single lives. All models will be reviewed: court, collaborative and mediation. There will also be a discussion of what a divorce financial planner does not do! Finally, we will examine how a financial professional enters this field and how to determine if this person is qualified to assist you.

Afternoon Breakout Sessions

  1. Practice and Professional Standards II – panel
  2. Common Financial Mistakes Made During the Divorce Process
    Carl M. Palatnik, PhD, CFP®, CDFA™, AAMS

    This interactive workshop uses a case study approach to illustrate some of the common financial mistakes made during the divorce process, including negotiating too early or with an incomplete or inaccurate understanding of the financial parameters, failing to analyze the workability of alternative outcomes, using inappropriate amounts and durations of spousal maintenance, allocating child support and spousal maintenance in such a way that it triggers application of the Child Contingency Rule, deciding which parent should claim the exemptions for the children without fully understanding the tax and financial consequences, failing to anticipate the sale of the marital home in the divorce agreement and more.
  3. Financial Considerations in Settling the Marital Residence
    Susan A. Moussi, CPA, CFP®, CDFA™

    The marital residence is oftentimes one of the most valuable assets that a couple owns and may have sentimental value to one or both parties. Decisions as to what to do with the marital residence may require that the parties prepare an analysis of the pros and cons of each of the options. Some of the questions that one may ask in weighing the options are: Can I afford the cost of maintaining the home? If the residence is sold, what taxes are due now? If I decide to sell in the future, how much tax can I expect to pay? How do I pay my spouse for his or her share of the equity? What are the tax consequences of owning it jointly? How much house can I afford? These and many other questions should be asked prior to making any decisions about settling the marital residence.

Conference

Life After the Mortgage Meltdown
Donald Arace, Metrocities Mortgage

Recent changes to the law as well as mortgage underwriting guidelines of FNMA/FHLMC and FHA that have sought to increase transparency have in actuality hindered the speed and process of the of the mortgage origination and closing system within the banking industry. This topic, as well as understanding what to do in light of the many changes in this rapidly changing field will give you a better understanding of what challenges lie ahead for borrowers in this new world of mortgage finance. From the origin of the mortgage melt down to the current conditions on the ground this discussion will educate you and help you understand the battle you will face in the ever tightening mortgage credit market.

Topics to be covered include government stimulus programs effects, current mortgage requirements, products, pricing, REO markets, short sales, divorce situations, refinance considerations and much more.

Special Issues Relating to Divorce in Today’s Economy
Leonard Florescue, JD, Blank Rome, Kenneth Neumann, PhD, Center for Mediation and Training and Lili A. Vasileff, CFP®, CDFA™

I Breakout Sessions

  1. Team Mediation
    Kenneth Neumann, PhD, Center for Mediation and Training

    Team Mediation® is a newly developed mediation process that combines the best aspects of traditional divorce mediation and so–called collaborative processes that utilize the contribution and expertise of other professionals such as attorneys and divorce financial planners.
  2. What You Need to Know About Retirement Plans - Valuations vs. QDROs
    Robert Guarnera, MAAA

    Your client(s) are getting a divorce. They have pension plans, 401(k)s, 403(b)s, IRAs and non-qualified deferred compensation. Do you value all the retirement accounts, or do you have QDROs / DROs drafted? This session will discuss whether to value or QDRO the benefit, what type of QDRO and what language the Agreement must contain in order to draft a proper QDRO.
  3. Opportunities and Pitfalls Associated with Stock Options, Restricted Stock and Retirement Benefits
    Linda Ursin, JD & Maria McKeon, JD

    Many divorce lawyers are unaware of the existence of these lucrative employee benefits which can provide immense income to spouses and provide child support. Attorney McKeon and Attorney Ursin will guide you through these complex benefits, key you into the opportunities offered by the IRS to save taxes for both parties and outline strategies that will avoid costly tax results. Executive stock benefits and qualified and non-qualified retirement benefits are one of the most valuable assets in divorce. Understand the language needed to correctly identify and divide these valuable assets.

Play With Your Food

Divorce vignettes performed by professional theater group, followed by Questions and Answers.

II Breakout Sessions

  1. How to Make Straw Into Gold: Creative Ways of Arriving at Workable Outcomes When There Isn't Enough Money to Go Around
    Panel
  2. Health Insurance, COBRA and Proposed Healthcare Reforms: What You Need to Know
    Maura Carley, MPH, CIC

    Healthcare coverage planning is a vital risk management activity. The objective is almost always straightforward and that is to maintain the best coverage at the best value without gaps for life. Divorce often disrupts coverage for one spouse and COBRA is often viewed the solution in spite of COBRA typically being expensive and always temporary.

    The healthcare environment is constantly changing. The private insurance marketplace includes new products, legislation is introduced at both the federal and state levels, and Medicare becomes increasingly complex. It certainly appears that this year there is likely to be major legislation passed at the federal level. At any rate, many individuals who are losing group coverage for the first time have no background or knowledge to evaluate their alternatives. Most individuals have no idea that state insurance environments vary widely or that some health plans are regulated at the state level and larger group coverage under federal law.

    This session will help attendees understand the nuances involved in thinking through whether clients should elect COBRA and the other alternatives that should be considered prior to doing so.
  3. Unwinding and Otherwise Dealing with Pre-Existing Estate Planning Vehicles in Divorce: Is That Irrevocable Trust Really Irrevocable?
    Adam J. Gottlieb, Esq., Ruskin Moscou Faltischek

III Breakout Sessions

  1. Tax Issues in Divorce: What You Don't Know Can Hurt Your Clients!
    William Donaldson, CFP®, EA, CDFA™

    In this interactive seminar, you will learn about the most common tax issues facing divorce professionals as well as an update on new provisions in the American Recovery and Reinvestment Act of 2009 signed into law on February 17, 2009.

    Some of the topics that will be covered include the following:

    The tax impact of real estate sales and transfers in divorce How to avoid penalties when transferring retirement plans The tax trap of alimony recapture and how to avoid it The impact of Alternative Minimum Tax on exemptions and deductions New Rules under the “Housing and Economic Recovery Act of 2008” Development of Financial Information: The Lawyer's Perspective – Barbara A. Stark, JD This interactive workshop will focus on the collection, interpretation, reporting and dissemination of financial information in divorce cases. The workshop topics will include: The attorney/divorce professional relationship and integration, the discovery process, formal and informal, financial reports tailored to the process and the needs and directives of the attorney, working as the divorce mediator or neutral in a collaborative process, assisting divorce lawyers who are mediators, knowing when and how to provide projective reports for use in settlement or litigation.
  2. Bankruptcy Strategies for Divorce Proceedings
    Wayne Greenwald, JD