This program is intended to provide attorneys and accountants with a guide for reviewing business valuation reports. In addition, the session materials may serve as an outline for attorneys to prepare and question a business valuator in the context of a deposition or during trial.
Understand the business valuation report prepared by a valuator skilled in valuations for divorce and how to use various pieces of the expert’s report. Learn how a business valuation expert can help develop the owner’s true economic income for support, find hidden assets, and trace source of assets.
The IICLE® 2019 Business Valuation, Financial & Tax Issues in Divorce program will help you better understand the tricky “money” issues that family lawyers encounter. This program features sessions to help you maximize the use of a valuation expert, including a demonstrative session about best practices in cross-examination. You’ll also learn about estate planning and its interplay with divorce and understand the latest changes to the maintenance statute. Case law updates and the judges’ panel are also included.
Learn about the various approaches and methods used to determine the value of a business and the various scopes of a valuation assignment, including how adjustments to the reported financial statements and a careful review of key documents are essential to understanding the value of a privately held company. Case studies of actual businesses provide examples of valuations for corporate dissolution, buying and selling a business, and the loss (or termination) of an owner.
COVID-19 is impacting business valuations and the market in general with depressed company values and extremely low interest rates. Learn about estate and gift planning strategies that may be advantageous during this volatile situation, including planning opportunities with Intentionally Defective Grantor Trusts, Grantor Retained Annuity Trusts, and Spousal Lifetime Access Trusts.
Focused on complex financial testimony in a divorce case from the varied perspectives of the proponent, opponent, and judge, this course covers: income/cash flow for determining support; marital and non-marital characterization of assets and forensic tracing; effectively using lifestyle analyses in court; and crucial ethical issues in preparing for and going to trial.