Program Moderator & Co-Sponsor: Bruce L. Richman, CPA/ABV, CVA, CFF, CFE, CDFA, CPEP
A View from the Bench
Hon. Regina A. Scannicchio, Presiding Circuit Judge, Domestic Relations Division, Circuit Court of Cook County, Chicago
Business Valuation Financial & Caselaw Update 2023
Joshua T. Friedman, Davis Friedman LLP, Chicago
Gunnar J. Gitlin, The Gitlin Law Firm, Woodstock
Overview of Valuations in Divorce
James M. Quigley, Beermann LLP, Chicago
Jordan D. Rosenberg, Beermann LLP, Chicago
Moderator: Bruce L. Richman, CPA/ABV, CVA, CFF, CFE, CDFA, CPEP
Business Valuation Opinions and Reports and their Usage in a Divorce Case
- Discuss a Calculation – Calculated Value; Restricted Valuation; and Valuation – Opinion of Value
- When and when not to use each of these types of value
- Advantages of a Detailed Report vs a Summary Report.
- Should a Business Valuation be used in this case based on the cost?
Carlton Marcyan, CFP, CPA, Schiller DuCanto & Fleck, Chicago
Bruce L. Richman, CPA/ABV, CVA, CFF, CFE, CDFA, CPEP
Overview & ABC’s of Valuation Approaches the Expert Should Consider in Valuing a Closely Held Business
A brief overview of the Market, Income and Asset approaches – what are they and how they should be used. Learn the valuation methods to be used within each approach and when each is appropriate.
Steven G. Wittenberg, Dussias Wittenberg Koenigsberger LLP, Chicago
Bruce Bezner, Corporate Valuation Advisors, Inc., Chicago
Use of the Business Valuation Beyond the Value of the Business
There are several uses for the business valuation beyond simply valuing the business. Learn other ways in which to use the information, such as to help determine the owner’s true economic income for support; to locate hidden assets; locate additional liquidity. Other tips covered will include how to structure a settlement when the only significant asset of the marital estate is the business; what if non-marital real estate is used by or leased to the marital business or vice versa; and how to get these items covered indirectly in trial.
Gemma B. Allen, Allen, Glassman & Schatz, LLC, Chicago
Todd M. Glassman, Allen, Glassman & Schatz, LLC, Chicago
Overview of the Case Study Facts and Sample Valuation
Direct Examination of the Business Valuation Expert
Valerie I. Steiner, Clark & Steiner, Ltd., Lake Forest
Kelly A. Collins, Collins Family Law, LLC, Lake Forest
Bruce Richman, CPA/ABV, CVA, CFF, CFE, CDFA, CPEP
Hon. Randie K. Bruno, 19th Judicial Circuit Court, Lake County, Family Division
Cross Examination of the Business Valuation Expert
Mario R. Ventrelli, Ventrelli Simon, LLC, Northfield
Steven H. Klein, Katz, Goldstein & Warren, Bannockburn
Bruce Bezner, Corporate Valuation Advisors, Inc., Chicago
Hon. Randie K. Bruno, 19th Judicial Circuit Court, Lake County, Family Division
Judges’ Panel - Business Valuation 2023
(1.0 Professional Responsibility CLE)
Input from the Judges as to what their Verdict would be based on the presentation put on by the attorneys, the testimony of the BV Experts, and the valuation report entered into evidence.
Moderators:
Jennifer M. Cohen, Kalcheim Haber, LLC, Chicago & Judd Fineberg, Dussias Wittenberg Koenigsberger LLP, Chicago
Judges:
Hon. Jennifer M. Ascher, 7th Judicial Circuit Court, Springfield
Hon. Joseph Bruscato, 17th Judicial Circuit Court, Rockford
Hon. Richard D. Felice, Presiding Judge Domestic Relations Division, 18th Judicial Circuit Court, Wheaton
Hon. Jeffrey L. Hirsch, 22nd Judicial Circuit Court, Woodstock
