Newsletter for January, 2012
Letter from the Editor-In-Chief
Great news- we have settled on a date for the 10th Annual ADFP Conference! Mark your calendars for September 20-22, 2012. We have been receiving multiple requests for sponsorships so you can expect a full house just as in years past. You'll be joining other top practitioners and industry leaders in an intensive three-day learning environment to help you move from theory to practice. Programs will be tailored to skill levels of all types- from new practitioners looking to provide best-in-breed divorce financial planning advice to seasoned professionals looking to sharpen their skills with other respected peers known throughout the industry.
Just as you've come to expect from past ADFP conferences, you'll find value both from our discounted early registration fees to the quality of our content. Remember, your practice evolves and your clients' evolve. The ADFP is there with you to explore best practices, setting industry standards and help set the pace for divorce financial planning.
Looking forward to meeting you personally September 20-22, 2012!
By: Ginita Wall
A bad marriage is like a game of cards. You start out with two hearts and a diamond - but end up wishing for a club and a spade. When those feelings surface, clients often decide to divorce.
No matter how much the spouses despise each other, they often equally despise spending money on a divorce battle. The key is to avoid letting uncertainty whip clients into an emotional tizzy: the more frenzied their emotions, the longer the proceedings and the more costly the divorce.
My job is to settle clients down, help them figure out how to divvy up the assets and debts so that each spouse emerges from divorce with a fair share of the pot that will let them begin anew. Here are five tips I use when working with clients to help them separate emotions from economics:
Don't let guilt rule you. "Please release me, let me go" goes the country song, but don't give up everything to buy your freedom. Your spouse will still be unhappy, and you'll be equally unhappy when you find yourself impoverished by your foolish gesture.
Don't make nice to get him or her back. Even if you hope your divorce will end in reconciliation, don't bend over backward to make it happen. Stand up for yourself and get your share. If you reconcile, that's fine, but if you don't, you'll still be able to take care of yourself financially.
Leave revenge at the door. Legally, it probably doesn't matter who did wrong. Revenge is costly, and a wild rampage is bound to turn out poorly. You might even end up paying your spouse's attorney fees.
Don't succumb to threats, or threaten your spouse. Money and power are emotionally linked, but you can't use money to control your spouse and get your way. Whatever you can't agree on will end up being split between your attorneys.
Focus on problem-solving, not fighting. Don't let meetings with your ex turn into posturing to show who's in control or how smart you are. Settling your divorce is the problem you must confront, and it won't get solved by fighting.
Carl Palatnik, Executive VP, ADFP - ADFP mission and vision, Q & A
Coffee, juice and a light breakfast are provided. We encourage you to attend and invite any colleagues who work in the Divorce Field
The 2012 ADFP Board of Directors was unanimously approved at our annual membership meeting held on January 19, 2012. The following people were re-elected to this year's Board:
Lili Vasileff, President
New Board members include Jerry Cohen, who served as Conference Chair in 2011, is Co-Director of the California Chapter and also serves on the Professional Protocols and Standards Committee; Mike Bean, who will serve as VP Chapter Development and is also involved in the establishment of a Georgia chapter; and Bill Donaldson, who has given lectures at our annual conferences and ADFP webinars on Divorce Taxation and has otherwise been very active in ADFP for many years.
Congratulations and our heartfelt thanks to all!
Membership Renewals - A Friendly Reminder
Please send in your membership renewals if you have not already done so. Continue to support your profession and all the good work ADFP is doing. Take advantage as well of all of the personal benefits associated with ADFP membership. Thanks for your continued support. Click here to renew online.
Markel Cambridge Alliance writes professional liability policies for divorce financial consultants as well as registered investment advisors. They are offering ADFP members a 5% discount on their premiums.
Please Send All Submissions to:
For more information, visit: www.markelcambridge.com or contact Lisa Benneig at:
We are delighted to inform you that IDFA will begin processing en masse CEUs for our mutual members who attend our annual conference. We will be reporting them to IDFA by name of attendee and number of credits, and they will process them directly instead of requiring each attendee to enter the information online themselves.
New York Association of Collaborative Professionals
|Organization||Week 1||Week 2||Week 3||Week 4|
|Association of Divorce Financial Planners (ADFP)||January 28 California Chapter Meeting||February 2 NYACP The Value of Collaborative Practice for LGBTQ Families and Relationships New York, NY|
|National Association of Personal Financial Advisors (NAPFA)||February 15-17 NAPFA Larger Firm Exchange Ft. Lauderdale, FL|
|Financial Industry Regulatory Authority(FINRA)||January 26 District Compliance Meeting Boca Raton, FL||February 15 District Compliance Meeting Los Angeles, CA||February 22 District Compliance Meeting Kansas City, MO|
|Society of Financial Service Professionals||
January 22-26 2012 Arizona Institute Phoenix, AZ
January 24 Make Your Practice Automatically Audit Ready Webinar
|February 1 Leveraging LinkedIn - The Technology Goldmine Webinar||February 15 Why and How to Separate Your Wealth From Your Business Webinar|
|American Bar Association (ABA||January 18 Handling the Media in a Family Law Matter Webinar||January 20-21 2012 Winter Council Meeting Orlando, FL||February 15 Divorce & Tax Issues: Simple Answers to Complex Questions Webinar||February 29 Initial Client Interviews in Family Matters Webinar|
|National Association of Estate Planners & Councils (NAEPC)||January 19 Divorce, Taxation, Bankruptcy & Dying: Take Your Choice||January 30 Estate Planning Mistakes Practitioners Make and How to Fix Them||February 14 Estate Planning for Alternative Lifestyles|
Any questions? Comments? Please feel free to contact our Editor-In-Chief Andrew Samalin, CFP® Andrew.Samalin@SICounsel.com.