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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.


A 501(c)(6) Not-For-Profit Professional Association

ADFP News - July 2012

Articles
 

The ADFP encourages all of you, our membership, to suggest ideas for webinars and continuing education credits.  We are presently entertaining suggestions for webinar content so we can offer them to you as part of our ongoing commitment to excellence in practice.  Our webinars offered to date have covered topics of: basic and advanced tax issues in divorce; training in Family Law Software; and, Marketing and Public Relations.  We ask for your valuable input as to what you are most interested in learning from us that enhances your knowledge and skill set in divorce financial planning services.

Thank you kindly.  We encourage you to send your replies to Lili Vasileff, President of the ADFP at
Lili@divorcematters.com
 
________________________________
 
 
ADFP University Sept 20
Content & Early Bird Specials
 
This year marks the 10th annual conference for the ADFP.  It has been an amazing journey to grow this not-for-profit organization over 14 years on the shoulders of only volunteers!  With great pride and hard efforts, the ADFP has evolved as the recognized national leader in our financial planning profession.  Our expertise and presence among our financial planning peers, legal professionals, and allied divorce professionals is recognized increasingly as our numbers grow, clients benefit from our services, and the divorce process itself is transformed by our expert contributions. Our professional outreach also encompasses strategic alliances with key financial planning organizations such as FPA and NAPFA. 
 
As always, we encourage and invite you to share your ideas, expertise and experiences with us.  We need your involvement with the ADFP to strengthen our efforts to promote our mission: (1) To heighten awareness of the benefits of divorce financial planning so that it becomes an integral part of the divorce process; (2) To bring knowledgeable and trustworthy practitioners into the profession.
 
Early Bird Specials: 
1. Early bird registrants will receive $50 ADFP Conference discounts.  Regular registration costs:  $695 for members, $795 for non-members.
 
2.  Early bird registrants will be eligible for early bird discounts to ADFP University courses as well.

3. First 20 Conference registrants will receive a free copy of "Divorce and Money" (Nolo), 9th edition, a $34.99 value.
 
To register and receive your free copy of "Divorce and Money," you will need to contact Pam directly (adfp@divorceanadfinance.org; 888-838-7773), as formal registration forms are still under development.
 
We look forward to seeing you at this year's conference!
 
2012 ADFP Conference
 
 
10th Annual ADFP Conference!
 
10th Annual Conference: Unlock The Potential
 
Doral Arrowwood Resort and Conference Center
 
975 Anderson Hill Road, Rye Brook, NY 10573
 
September 20 - 22, 2012
 
 
2012 Conference Agenda
 
Thursday, September 20th, ADFP University, Pre-Conference Courses
 
 
Your choice of up to 5 of the following 9 courses (most expected to provide 2 CE)
 
 
Anatomy of a Tax Return - Peggy Tracy, CFE, CDFA™
 
Bankruptcy and Divorce - TBA
 
Build and Grow Your Divorce Practice - Rosemary Frank, CDFA™
 
Critical Divorce Strategies for Families with Special Needs - Mary Ann Ehlert, CFP®, Founder, Protected Tomorrows
 
Estate Planning and Divorce - TBA
 
Family Law Software Workshop - Dan Caine, President, Family Law Software, JD, MBA
 
Gray Divorce - Lili A. Vasileff, CFP®, CDFA™
 
Non-Qualified Plans and Divorce - TBA
 
Qualified Domestic Relations Orders (QDROs) - Robert Guarnera, MSPA, FCA, MAAA, EA, CPC, President, Pension Actuaries, Inc.
 
 
 
Friday, September 21st, Annual Conference, Day 1
 
8:00 - 9:00 State of the Profession Address, Lili Vasileff, CFP®, CDFA™, President of the ADFP
 
9:00 - 10:40   Lifestyle Analysis, Joan Lipton, CPA/ABV, CFF, Ph.D., Partner, and Jean Han, CPA/ABV, CFF, JD, ParenteBeard                                                        
                                                                                           2.0 CEU*, 2.0 CPE*, 2.0 CDFA*
 
This presentation will deal with the challenges of performing a lifestyle analysis in the context of a divorce proceeding. It will include a discussion of the types of documents required, the factors affecting the time period to be analyzed, consideration of relevant adjustments, and other unusual features of more complex lifestyle analyses. Several hybrid cases will be discussed.
 
Our "hybrid" will include issues such as (a) how to deal with situations where spousal income is subject to large fluctuations, (b) problems and considerations when observing irregular lifestyle expenses and/or major expenditures in certain years - including how to assess whether certain of these major expenditures are non-recurring, (c) the considerations involved in setting the scope of the analysis with the client and counsel, (d) report preparation issues, (e) preparing for cross-examination, (f) other.
 
10:40 - 11:00 Break
 
11:00 - 12:00 Thorny Issues in Divorce and the Key Role of Neutral Financial Professionals, MaryEllen Linnehan, Esq., Partner, Day & Linnehan Center for Collaborative Law and Divorce Mediation, PLLC  1.0  CEU*, 1.0 CPE*, 1.0 CDFA*
 
Discussion of the key role financial professionals play in addressing difficult financial issues in divorce. The added value of neutrality, clarifying interests and needs, reality testing, education of financially unsophisticated spouses, working with the entire family, examining long-term needs and testing options against interests to the divorce process. Role in negotiations and the devolvement of financial positions. The financial professional as "glue" in the process.
 
 
12:00 - 1:30 Lunch/Presentation of Annual Pioneering Award to Elana Katz, LCSW, Senior Faculty, Ackerman Institute for the Family
 
Keynote Address, Elana Katz: Understanding the Dynamics behind Financial Conflicts in Divorce and Practical Suggestions for What to Do When Things Escalate
1.0  CEU*, 1.0 CPE*, 1.0 CDFA*
 
1:30 - 3:10 Same Sex Marriages and Divorce - Lee Rosenberg, Esq., Partner, Saltzman, Chetkof & Rosenberg, LLP; Gregory L. Matalon, Esq. and Robert S. Barnett, Esq., Partners, Capell Barnett Matalon & Schoenfeld, LLP
 
                                                                                           2.0 CEU*, 2.0 CPE*, 2.0 CDFA*
 
Several states have recently enacted laws recognizing same sex marriage. It is likely others, but not all, will continue to do so in the near future. Accompanying to this wave of new legislation will be same sex divorce. Marriage and divorce are largely state-specific. This raises the obvious questions of recognition and portability. Even more problematic is that these laws are in direct conflict with the Defense of Marriage Act and Section 7 of Title 1 of the U.S. Code, which define marriage as between one man and one woman. Because of this, many spousal living and survivorship rights and benefits of married and divorced couples, e.g. COBRA, ERISA, Social Security, are not currently recognized to same sex spouses under Federal law. This makes divorce financial planning for same sex spouses much more complex difficult than for traditional spouses.
 
3:10- 3:25 Break
 
3:25 - 5:05 The Role of the Expert in a Divorce Case/Trial Tips for the Non-Lawyer,Frederic J. Siegel, Esq., Partner, Siegel, Reilly & Conlon, LLC
                                                                                           2.0 CEU*, 2.0 CPE*, 2.0 CDFA*
 
Attorney Siegel will speak about the role of the expert in a divorce case. He will talk about how an expert needs to prepare for a deposition (and what the deposition involves), how the witness needs to prepare for testifying at trial, how to maintain a proper file and other essential information about the expert. He will also give trial tips that will assist the expert witness with their testimony and elevate their role during the divorce proceeding.
 
5:15 - 6:15 "Get the Real Deal," Amy L. Whitlatch, CFP®, CDFA™, Robert Bordett, CFP, CDFA™, Ginita Wall, CPA, CFP, CDFA™ and Daniel Caine, JD, MBA, President, Family Law Software
 
Practitioners discuss case issues, methodologies, obstacles, challenges while working with actual software to prepare the reports. Discuss and review approaches to analyzing data and nuanced conversations, presenting alternative outcomes to clients and professionals, deciding when to share or withhold analysis and projections.
 
Saturday, September 22nd, Annual Conference, Day 2
 
 
8:30 - 10:10 Trends in Alimony, Nancy D. Kellman, Esq.
 
                                                                                           2.0 CEU*, 2.0 CPE*, 2.0 CDFA*
 
Whatever name you call it, determining the appropriate amount of alimony, spousal support or maintenance impacts lawyers, financial experts, judges and clients. What are the various approaches to calculating alimony? Do guidelines (or formulaic approaches) make it easier to resolve matters? How have the changing attitudes and laws regarding alimony affected the role of the financial planner? Do the historical underpinnings of the payment of alimony have any relevance to us as practitioners today? In this presentation, you will learn about the latest trends in alimony and its relevance in financial planning for our clients.
 
10:10 - 10:30 Break
 
10:30 - 12:10 Advanced Case Studies in Divorce Taxation, William Donaldson, CFP®, EA, CDFA™
 
Discussion of actual divorce cases with instructive tax issues. Sequel to last year's extremely well-received presentation, with new scenarios designed to help you identify and avoid potential mistakes and provide added value to the process.
 
                                                                                           2.0 CEU*, 2.0 CPE*, 2.0 CDFA*
 
12:10 - 1:10 Lunch in the Atrium
 
1:15 - 2:55 College Planning and Divorce, Amy Whitlatch, CFP®, CDFA™ and Kevin Worthley, CFP®, CDFA™
 
                                                                                           2.0 CEU*, 2.0 CPE*, 2.0 CDFA*
 
College financing and financial aid is a complex subject for families and becomes even more so in a divorce situation. Our sessionprovides value by advising how the divorce may affect college financing or eligibility for financial aid. The workshop will cover the details of the financial aid calculations, how aid is awarded, what changes occur during divorce, planning tips to assist aid eligibility or avoid eligibility mistakes that reduce aid, tax aspects (including tax credit/deductions), and how to incorporate college financing considerations into divorce planning to meet your clients' goals. This session will provide you with skills that can be useful to all your financial planning clients.
 
3:00 - 4:00 Marketing Yourself to Legal Professionals, the Honorable Elaine Gordon, Esq., Connecticut Superior Court (Retired)
 
Why do some practitioners always seem to get the engagements and referrals from divorce litigators in domestic relations and family law matters? How can divorce financial planners compete with other better recognized financial experts? What do we need to know about how lawyers find experts and what keeps them coming back to the same ones? How can we break into that select group of experts who are always used in the community? What is the bottom line we need to know, commit to, and achieve in terms of our skills and our time, so we can become rated among the select experts sought after by attorneys and the court?
 
4:00 Conference Wrap Up
 
* Continuing Education Credits in Process
 
News
 
ADFP News:  Just a reminder- the ADFP Newsletter is only a short briefing.  Please visit www.DivorceAndFinance.org for more information!
 
_______________________
  
  
New ADFP Chapter Development Drive
 
Are you looking for additional support from your peers in the industry but just aren't sure where to turn?   Are you looking for a network of professionals to share practice management and marketing ideas with along with improving your technical expertise?  Are you motivated to see your practice grow in conjunction with the continued success and growth of the ADFP?  The Association of Divorce Financial Planners is looking to expand into your city through the introduction of new chapters.  If you are passionate about what we do as professional practitioners and motivated to increase our industry's presence in your geographical area, come help us grow.  Organizing a chapter may be just the thing for you.  If you are interested please contact Mike Bean CPA, CDFA, VP of Chapter Development at mike@divorce-sense.com or Pam Humbert at ADFP@DivorceAndFinance.org; 888-838-7773 to learn more. 
 
 
_______________________________ 
 
ADFP CA Chapter Meetings
 
ADFP CA Chapter Meetings are generally held from 10:00 a.m. to 4:00 p.m. at the Castlewood Country Club - Clubhouse, 707 Country Club Circle, Pleasanton, CA 94566, (915) 846-2871. NOTE the July meeting is an exception!  Saturday, July 21, 2012, from 10 a.m. to 4 p.m. at the Hampton Inn & Suites - Burbank Airport, 7501 N. Glenoaks Blvd, Burbank, CA 91504.   818-768-1106.  www.burbankairportsuites.hamptoninn.com.  The topic will be "Tracing and Reconciliation Reports for Non-Forensic CDFA's."  (CFP CE Units Pending).  The speaker will be Warren Sacks CPA, CFF.  The cost will be:
 
$65 for Members and Non-Members. 
 
E-mail the Registrar or Chapter Director for Registration Form: 
 
Registrar - Jerry Cohen: jcohen@cdfplanning.com
Facilitator - Kathleen Faulkner: kathleenfaulkner@sbcglobal.net
 
___________________________
 
 
 
The ADFP is offering to partner with Savvy Ladies to help promote a Divorce Seminar on July 18, 2012 in NYC.  We would like to encourage you and your clients to visit Savvy Ladies website to learn more about this remarkable nonprofit organization,  www.savvyladies.org.   Stacy Francis, Co-Director of the Greater NYC Metro Chapter of the ADFP, is founder of Savvy Ladies, a nonprofit organization dedicated to empowering women through financial education.  Savvy Ladies provides financial education to women in their quest for financial independence through free newsletters, seminars and webinars.  On July 18, Savvy Ladies presents "Divorce 101": A panel of experts that will answer questions on the legal, financial and emotional issues of divorce and what comes next.
 
_______________________
 
 
Request for Case Studies

At last year's annual conference, the final session focused on various challenges with actual divorce cases. The entire audience participated in problem solving the cases and some exceptional solutions were shared that we all learned a great deal from.

Due to the popularity of this session, the ADFP is once again offering it for the 2012 conference.

We are requesting all practitioners to think of some of the more challenging cases they have had that would provide an excellent opportunity to learn from.
 
Please forward your fact pattern and your solution to the problem (if you have one) to Bill Donaldson who will once again facilitate this session. His email is

Thank you in advance for helping us put together an exceptional program.
 
 
Other Divorce News:
 
 
 
 
 
 
Event Calendar
 
 
 
Save the Date!
 
10th Annual ADFP Conference
 
Sepetember 20-22, 2012 
Doral Arrowood
Rye Brook, NY
 
 
 
 July-August 2012 Event Calendar:
Organization
July 1-15
July 16-31 
August 1-15
August 16-30
 
 
 
 
July 18 
GNYC Metro and SavvyLadies.org Divorce Seminar
New York, NY
 
July 21
CA Chapter  Meeting
Los Angeles, CA
 
 
August 8
GNY Metro Chapter Meeting
New York, NY
 
August 3
Columbus, OH
 
 
 
 
 
July 16
Mid-West Region Marketing Self-Help Workshop
Chicago, IL 
August 1-2
NAPFA Forbes 2012 iConference 
 
 
 
July 25
District Compliance Meeting
Easy Syracuse, NY 
 
July 31
District Compliance Meeting
Los Angeles, CA
 
August 9
Half-Day Compliance Boot Camp
Woodbridge, NJ
 
August 9-10
2012 South Region Compliance Seminar
New Orleans, LA
 
 
July 18
Managing Risk in the Life and Retirement Business
Webinar 
 
August 16-17
Clinic for Advanced Service Professionals 
July 14-21
26th Annual Family Law Trial Advocacy Institute
Boulder, CO
 
July 17-20
Estate Planning for the Family Business Owner
San Francisco,  CA 
 
 August 8
Get a Clue: The Ethical Use of Private Investigators in Family Law
Webinar
 
August 15
Making More Money by Being More Ethical
Webinar
 
 
 
 
 
 
 
July 24
Helping Clients Identify and Acheieve Their Asset Protection Objective
Sioux Falls, SD 
 
 August 30
CEPC 2012 Annual Outing
Chicago, IL
 
Other

 
 
 
Any questions?  Comments?  Please feel free to contact our Editor-In-Chief Andrew Samalin, CFP® Andrew.Samalin@SICounsel.com.
 
Association of Divorce Financial Planners
 
C/O Pam Humbert
514 Fourth Street
East Northport, New York 11731
 
888-838-7773