- NY Credits : 4.0
- TX Credits : 4.0
CPA Services in Divorce and Family Law
Family law may involve divorce, dissolution of civil unions or domestic partnerships, child custody and support, adoption, and other types of legal cases or matters. This course focuses primarily on divorce and the financial issues with which an accountant may assist, with some basic information on child support.
This course is most beneficial to professionals new to family law who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this subject.
Upon successful completion of this course, the user should be able to:
discuss the litigation process for divorce cases and identify the various roles of the accountant and the applicable professional standards,
differentiate between separate property and marital property and recognize the factors that can affect the valuation of assets,
identify the considerations in calculating income for support purposes,
recognize the requirements to claim Social Security benefits based on the former spouse's benefits,
identify common financial issues and red flags, and
select the analytical procedures that can be performed to be able to give an opinion on the lifestyle of the spouses during and after the divorce.