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OnDemand Course

Valuing and Dividing Businesses in Divorce Cases

Learn and understand how to properly value and divide a business in 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.

91 minutes
Certificate of Completion
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Why Lorman?

Over 34 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 34 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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on December 17, 2019.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • NM CLE 1.5
     
  • This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.5 hours of credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

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.

Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.

This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 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

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, Mediation
  • Conducts regular seminars and workshops on numerous Business Valuation, Forensic Accounting, and Tax topics
  • Author of several publications related to the areas of Business Valuation and Forensic Account-ing
  • Education J.D. Degree, John Marshall Law School
  • Membership information: JD, CPA/ABV, ASA, CFE, CFF, AAML, CDFA is a Principal of the nationally recognized family law, mediation, forensic accounting and business valuation practice Levin & Brend; P.C. in Chicago, Illinois; Past President of the American Academy of Matrimonial Lawyers (AAML), Illinois Chapter and co-chair of the AAML’s National Mediation Committee
  • 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 a 2007 – 2020 Illinois Super Lawyer as well as a Top-10 collaborative attorney in Illinois
  • He has spoken nationally to the Association of Fraud Examiners, the Federal Bureau of Investigation, AAML and the American Society of Appraisers
  • Certified Public Accountant who is qualified as a financial expert to value businesses, determine net income and complete financial investigations
  • He has written numerous articles about business valuation, forensic accounting and child custody issues along with the textbook Accounting for Divorce
  • 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
  • Can be contacted at [email protected] or 312-726-4440
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Why Lorman?

Over 34 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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Product ID: 406766
Published 2019
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