Learn and understand how to properly value and divide a business in a divorce.
Many attorneys hire and rely upon a forensic accountant/valuation expert to issue a report and give testimony in the divorce litigation process or utilize mediation in the collaborative process. However, these attorneys often do not fully understand the business valuation process, the application of methods used in the calculation of their client's interest in the subject business, or how to find hidden money. The topic is as complex as it is daunting for those without a financial background. This information will provide a straightforward, step-by-step analysis of the business valuation process by explaining the differences between personal and enterprise goodwill, demystifying the three valuation approaches and discounts and explaining their complexities, and exploring some of the ways people attempt to hide money during the divorce process. Understanding this information is critical to attorneys for cross-examination of financial experts and understanding reports.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Is Goodwill in Business Valuation
- Personal vs. Enterprise Goodwill
- Double Dipping Issue
- Factors to Consider in Determining Goodwill
Valuation Approaches
- Asset Approach
- Market Approach
- Income Approach
Top 10 Stupidest Things People Do to Hide Money in Divorce
- Cash in the House
- Transfer Money to Family/Friends
- Violating the Pig Rule
- Big Brother Is Watching
- Cash Registers
- 5-Year Rule
- Cash Trail
- Electronic Trail
- Paper Trail
- Don't Be Obvious
Discounts
- Marketability
- Minority
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 7, 2023.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
- NH MCLE 1.1
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 63 Minutes.
- NV CLE 1.0
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
- NY CLE 1.0 including Skills 1
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Skills for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for credit for established attorneys only. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
- NALA 1.07
- This program is applicable for continuing legal assistant education credit. Please check with your accrediting board to see if this course will qualify towards your recertification requirements.
Program Length: 1.07 hour(s).
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jeffrey W. Brend
Levin & Brend, P.C.
- Partner in the office of Levin & Brend, P.C.
- Practice emphasizes all aspects of business valuation, forensic accounting, and mediation
- Certified Public Accountant who is qualified as a financial expert to value businesses, determine net income, and complete financial investigations
- Conducts regular seminars and workshops and has spoken nationally to the Association of Fraud Examiners, the Federal Bureau of Investigation, AAML, and the American Society of Appraisers
- Author of several publications about business valuation, forensic accounting, and child custody issues, along with the textbook Accounting for Divorce
- Featured in Fortune Magazine, Newsweek, and on the Sky Radio Network as one of America’s Premier Lawyers; only person in the country who is a fellow of the American Academy of Matrimonial Lawyers; Senior Appraiser with the American Society of Appraisers; Accredited Business Valuator with AICPA and a Certified Fraud Examiner; named a LexisNexis Martindale-Hubbell AV-rated attorney and an Illinois Super Lawyer as well as a Top-10 collaborative attorney in Illinois
- Fellow of the Collaborative Law Institute of Illinois and a member of the International Academy of Collaborative Professionals and is exceptionally qualified to encourage the collaborative process from a multidisciplinary perspective
- J.D. degree, John Marshall Law School
- Can be contacted at [email protected] or 312-726-4440
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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