Forensic accounting divorce analysis of proposing property division and alimony need and ability to pay. Learn about a marital balance sheet and a lifestyle analysis.
revenue.ne.gov tax current f_1040XN_2008taxman taxman
This document is a Nebraska Individual Income Tax Return form for filing an amended return for tax year 2008. It provides line items to adjust amounts reported on the original return, including federal adjusted gross income, deductions, exemptions, credits, payments, and any balance due or refund. The form requests information about reasons for the amended filing and requires explanations of changes being reported.
This document provides instructions for filing a 2008 North Carolina individual income tax return using Form D-400. Some key points:
1. Filing requirements for North Carolina tax returns are different than federal, as NC does not adjust for inflation. Most taxpayers must file if their gross income exceeds thresholds based on filing status.
2. New in 2008, NC offers a refundable Earned Income Tax Credit equal to 3.5% of the federal credit. Bonus depreciation requires an addition on the NC return. The top income tax rate was reduced to 7.75%.
3. The instructions provide guidance on filing status, exemptions, deductions, credits, and forms
revenue.ne.gov tax current f_1040XN_2008taxman taxman
This document is an amended Nebraska individual income tax return form for tax year 2008. It allows the filer to correct their original 2008 Nebraska return. The 3-page form includes sections to report corrected amounts for income, deductions, credits, taxes owed/refunded. It requires the filer to explain any changes from the original return and sign under penalty of perjury.
This document provides a summary of Thomas and Beth's current financial situation based on information provided to their financial advisor, Mr. David Walsh. It finds that their current net worth is $2.8 million and emergency reserves are at their target level. Retirement savings are projected to fall short within 17 years of retirement. Education goals are 80% funded and survivor income needs would be met for 14 years if Thomas dies but only 8 years if Beth dies. Both have sufficient disability income.
This document is a form for computing Nebraska state tax incentives and credits. It provides instructions for taxpayers claiming various Nebraska job creation and investment incentives. The form guides the taxpayer through calculating available credits, distributing credits to partners or shareholders, and claiming credits to reduce their tax liability or carry credits forward to future tax years. It includes sections to report employment expansion incentive credits, renewable energy credits, and credits distributed from other entities.
This document provides information about school funding in California. It discusses how revenue limits are calculated based on average daily attendance and local property taxes. It notes that while some districts receive little state aid, categorical funding is being reduced. Charts show declining per-student funding in California compared to top performing states. The document also includes district-specific data on revenues, expenditures, ADA, sources of funding, and expenditure categories. It outlines proposed budget cuts, potential layoffs, and options to resolve a $5 million budget deficit, including school closures. API scores for the district are also shown.
egov.oregon.gov DOR PERTAX 545-002-05filltaxman taxman
This document provides information about the Elderly Rental Assistance (ERA) Program in Oregon for 2005. It summarizes the eligibility requirements and application process. Key points:
- To qualify, applicants must be age 58 or older, have household income under $10,000, pay over 20% of income on rent/utilities, and have household assets under $25,000.
- The application form (Form 90R) must be filed by July 1, 2006 to receive assistance in November 2006.
- Household income and assets include those of a spouse if married and living together. Separate applications can be filed if married and living apart.
- Rent amounts are estimated as a percentage
This document is a Nebraska Fiduciary Income Tax Return form for the 2008 tax year. It provides lines for an estate or trust to report income, deductions, credits, and tax owed or refunded. Schedules are included to calculate tax for nonresident estates/trusts and to report income and withholding for nonresident beneficiaries. The form also allows credits for taxes paid to other states.
revenue.ne.gov tax current f_1040XN_2008taxman taxman
This document is a Nebraska Individual Income Tax Return form for filing an amended return for tax year 2008. It provides line items to adjust amounts reported on the original return, including federal adjusted gross income, deductions, exemptions, credits, payments, and any balance due or refund. The form requests information about reasons for the amended filing and requires explanations of changes being reported.
This document provides instructions for filing a 2008 North Carolina individual income tax return using Form D-400. Some key points:
1. Filing requirements for North Carolina tax returns are different than federal, as NC does not adjust for inflation. Most taxpayers must file if their gross income exceeds thresholds based on filing status.
2. New in 2008, NC offers a refundable Earned Income Tax Credit equal to 3.5% of the federal credit. Bonus depreciation requires an addition on the NC return. The top income tax rate was reduced to 7.75%.
3. The instructions provide guidance on filing status, exemptions, deductions, credits, and forms
revenue.ne.gov tax current f_1040XN_2008taxman taxman
This document is an amended Nebraska individual income tax return form for tax year 2008. It allows the filer to correct their original 2008 Nebraska return. The 3-page form includes sections to report corrected amounts for income, deductions, credits, taxes owed/refunded. It requires the filer to explain any changes from the original return and sign under penalty of perjury.
This document provides a summary of Thomas and Beth's current financial situation based on information provided to their financial advisor, Mr. David Walsh. It finds that their current net worth is $2.8 million and emergency reserves are at their target level. Retirement savings are projected to fall short within 17 years of retirement. Education goals are 80% funded and survivor income needs would be met for 14 years if Thomas dies but only 8 years if Beth dies. Both have sufficient disability income.
This document is a form for computing Nebraska state tax incentives and credits. It provides instructions for taxpayers claiming various Nebraska job creation and investment incentives. The form guides the taxpayer through calculating available credits, distributing credits to partners or shareholders, and claiming credits to reduce their tax liability or carry credits forward to future tax years. It includes sections to report employment expansion incentive credits, renewable energy credits, and credits distributed from other entities.
This document provides information about school funding in California. It discusses how revenue limits are calculated based on average daily attendance and local property taxes. It notes that while some districts receive little state aid, categorical funding is being reduced. Charts show declining per-student funding in California compared to top performing states. The document also includes district-specific data on revenues, expenditures, ADA, sources of funding, and expenditure categories. It outlines proposed budget cuts, potential layoffs, and options to resolve a $5 million budget deficit, including school closures. API scores for the district are also shown.
egov.oregon.gov DOR PERTAX 545-002-05filltaxman taxman
This document provides information about the Elderly Rental Assistance (ERA) Program in Oregon for 2005. It summarizes the eligibility requirements and application process. Key points:
- To qualify, applicants must be age 58 or older, have household income under $10,000, pay over 20% of income on rent/utilities, and have household assets under $25,000.
- The application form (Form 90R) must be filed by July 1, 2006 to receive assistance in November 2006.
- Household income and assets include those of a spouse if married and living together. Separate applications can be filed if married and living apart.
- Rent amounts are estimated as a percentage
This document is a Nebraska Fiduciary Income Tax Return form for the 2008 tax year. It provides lines for an estate or trust to report income, deductions, credits, and tax owed or refunded. Schedules are included to calculate tax for nonresident estates/trusts and to report income and withholding for nonresident beneficiaries. The form also allows credits for taxes paid to other states.
The document is a renter refund application form for Utah residents seeking refunds on rent or property taxes paid in 2008. Applicants must meet age, income, residency and other eligibility requirements to qualify. The form collects information on the applicant's household income, dates of rental properties occupied, amount of rent paid, and a signed certification before being submitted to the Utah State Tax Commission by December 31, 2009.
Amended Resident Return Form and Instructionstaxman taxman
This document is a New Jersey Form TR-1040-X for amending or withdrawing a 2008 tenant homestead rebate application. It provides instructions on when and how to use the form to amend information reported on the original TR-1040 application or withdraw an application filed in error. Key details include that the form can be used to change information on the original application or withdraw if the taxpayer is determined to be ineligible for the rebate. Both spouses must sign a joint amended application.
Kentucky Individual Income Tax Installment Agreement Request - Form 12A200taxman taxman
The document provides instructions for Kentucky taxpayers to request an installment agreement to pay delinquent taxes over time. Taxpayers should complete Form 12A200 and attach it to their tax return, specifying their proposed monthly payment amount. Payments can be made by credit card, electronic check by attaching a voided check, or by mailed check. The agreement is subject to approval, and interest and penalties will continue to accrue during the installment period.
IT-201-ATT Other Taxes and Tax Credits – Attachment to Form IT-201taxman taxman
The document is a New York State resident income tax return form for 2008. It requests personal information such as name, address, social security number. It asks filing status and whether the taxpayer itemized deductions on their federal return or can be claimed as a dependent. It instructs to enter federal income and adjustment amounts from lines 1 through 18 of the federal return, including wages, taxable interest, dividends, taxable refunds, alimony, business or capital gains/losses, IRA and pension distributions, rental income, unemployment compensation, and other income or adjustments.
Application for Rescindment of Corporate Income Tax Credit for Contribution...taxman taxman
This document is an application for rescinding a previously approved corporate income tax credit for contributions to nonprofit scholarship funding organizations in Florida. It requests information from the business such as name, address, tax ID number, original credit amount, tax year, and amount to rescind. It explains that the application can be submitted online or by mailing the completed form. The department will approve rescinding the credit unless the business has had multiple rescissions, claimed the credit, or the tax year is closed.
1299-S Enterprise Zones, Foreign Trade Zones, and Sub-Zonestaxman taxman
This document is an Illinois amended individual income tax return form (Form IL-1040-X) that provides instructions for correcting a previously filed Illinois tax return. It contains sections to enter personal information, provide the reason for filing an amended return, enter corrected financial information, calculate any refund or balance due, and sign the form. Supporting documentation must be provided for any corrected lines, such as federal tax forms if amending due to federal changes or Schedule M if amending additions or subtractions.
Alameda County Budget Workgroup May 16, 2011Keith Carson
The Alameda County Administrator's Office provided an update on the FY 2011-12 budget. The budget faces a $137.9 million shortfall due to declining revenues and one-time funds being exhausted. Reductions are planned across public assistance, health care, public protection and general government programs, totaling over 127 eliminated positions. The state and federal budgets also face large deficits, with the state gap estimated at $10.8 billion and further realignment of programs anticipated.
ServisFirst Bancshares reported earnings for the third quarter of 2008, with the following highlights:
- Net income increased 39% year-over-year.
- Deposits grew 27% year-over-year without using brokered deposits.
- A new regional office was opened in Dothan, Alabama in the third quarter.
- A $15 million trust preferred securities issue was completed to boost capital without issuing additional common shares.
nd1-enabled nd.gov tax indincome forms 2008taxman taxman
This document is an individual income tax return form for the state of North Dakota for the year 2008. It contains sections to provide personal identification information, report income and deductions, calculate tax liability, and indicate any refund or amount owed. Key details include filing status, sources of income, subtractions allowed, tax credits, payments made including withholding and estimated taxes, and optional contributions that can be directed to specific state funds.
This document summarizes key aspects of the 2011-12 CUSD budget revision. It notes pros and cons of the state budget, including that it provides flat funding for education but underfunds Proposition 98. The budget dictates terms to local school boards and could result in midyear cuts. It also outlines risks to the state budget from economic events or federal budget cuts. The budget includes a "trigger" that could cut $1.9 billion from K-12 education if revenues fall short. Districts are prohibited from budgeting for these potential cuts.
The document summarizes Idaho's housing market between 2000-2010. It finds that during this period, the growth in housing units outpaced the growth in households by about 30,000 units. This indicates a housing overbuild in Idaho. It also reports that housing permits exceeded household growth over the decade by about 15,000 units. Based on historical growth rates, it estimates it could take 4 years for the state to work off its current housing inventory overhang. Homeowner vacancy rates have also risen significantly since 2005, suggesting a surplus of about 7,500 homes above normal levels in Idaho.
This document is an Iowa amended individual income tax return form (IA 1040X). It provides instructions for taxpayers to amend their previously filed Iowa individual income tax return for a given fiscal year. The form collects identification information for the taxpayer and spouse. It allows the taxpayer to correct filing status, personal exemptions or credits, income, deductions, tax owed or refund amount from the original return. The taxpayer must provide an explanation for any changes on the back of the form and attach any additional documentation as needed to support the amended return.
Jeffrey Allen is requesting a $21,577 loan to pay off two existing 401(k) loans. Paying off these loans would allow him to take out a new $35,000 401(k) loan. He would use these funds to repay the $21,577 loan, install a new roof for $8,000, and invest $2,000 and $1,500 in a new business and music recording. Any remaining funds would cover lost income until he teaches again in the winter. Allen believes paying existing loans and taking a new 401(k) loan carries risks but leaves him able to repay the requested loan and fund home and business investments.
This document provides an actuarial valuation as of June 30, 2011 for the Judges' Retirement System II of California. Key findings include:
- The plan's funded ratio increased from 81.1% to 94.5% based on the market value of assets.
- The recommended employer contribution rate for fiscal year 2012-2013 is 22.837% of projected payroll, down from 23.441% in the prior year.
- Changes to economic assumptions, including lowering the assumed inflation rate from 3.0% to 2.75%, reduced the plan's unfunded liability by $38,798.
BancorpSouth, Inc. reported financial results for the first quarter of 2012. Some key highlights included net income of $22.9 million, continued improvement in credit quality indicators, and stable net interest margin of 3.66%. Capital levels also improved from the prior periods. The company noted initiatives to integrate specialty lending lines of business and reorganize geographically from 10 to 4 regions.
This quarter's activity focused on cash flow planning for future needs such as retirement withdrawals, college expenses, and other obligations. Cash flow planning can address a range of future needs and alleviate anxiety by providing a clear roadmap, though it requires an initial time commitment. Next quarter will focus on estate and legacy planning. The document also provides contact information and the location of important financial documents.
Zuk Financial Group is an independent retirement planning firm established in 1974 that serves over 30,000 clients. The presentation provided information on retirement income planning, including the need to fund retirement accounts early and regularly to benefit from compound growth, diversifying investments over time from growth to income assets as retirement approaches, and working with a financial advisor to develop a customized retirement income plan. Attendees were encouraged to contact Zuk Financial Group for a comprehensive planning consultation.
Tax-Efficient Investing: Retirement Distribution Strategies (Part 3 of Tax-Ef...Robert Keebler
This "Introduction To Tax-Efficient Investing" webinar was the first of a four-part series with Advisors4Advisors on tax-efficient Investing. Advisors4Advisors members can view the on-demand webinar replay and receive CFP and IMCA CE credit.
1st Quarter 2011 Market Commentary from the National Investment Fund for Cred...NAFCU Services Corporation
Recent Federal Reserve Board member comments, plus improving economic readings, may mean this period of ultra-low interest rates is nearing an end. Higher oil prices have put a damper on consumer sentiment and should affect spending in the second quarter of 2011. Read more from NIFCU$ Fund Manager, Hillary Elder in this downloadable report. Learn more about the National Investment Fund for Credit Unions (NIFCU$) at http://www.nafcu.org/nifcus
This document is an application for a deferred annuity from Farm Bureau Life Insurance Company. It collects information such as the proposed annuitant's name, date of birth, social security number, and contact details. It also requests details about the type of annuity and plan being applied for, including premium payment amounts and frequencies. The application is signed by the proposed annuitant, owner if different, and agent to certify that all statements are true.
The document summarizes market performance in the second quarter of 2011, noting declines across most major indices except the Dow Jones Industrial Average. It also discusses economic news including the debt ceiling debate in the US and ongoing issues in Europe over Greece's debt. The article then provides an overview of retirement planning strategies, highlighting the potential benefits of a Cash Balance Plan for business owners.
The document is a renter refund application form for Utah residents seeking refunds on rent or property taxes paid in 2008. Applicants must meet age, income, residency and other eligibility requirements to qualify. The form collects information on the applicant's household income, dates of rental properties occupied, amount of rent paid, and a signed certification before being submitted to the Utah State Tax Commission by December 31, 2009.
Amended Resident Return Form and Instructionstaxman taxman
This document is a New Jersey Form TR-1040-X for amending or withdrawing a 2008 tenant homestead rebate application. It provides instructions on when and how to use the form to amend information reported on the original TR-1040 application or withdraw an application filed in error. Key details include that the form can be used to change information on the original application or withdraw if the taxpayer is determined to be ineligible for the rebate. Both spouses must sign a joint amended application.
Kentucky Individual Income Tax Installment Agreement Request - Form 12A200taxman taxman
The document provides instructions for Kentucky taxpayers to request an installment agreement to pay delinquent taxes over time. Taxpayers should complete Form 12A200 and attach it to their tax return, specifying their proposed monthly payment amount. Payments can be made by credit card, electronic check by attaching a voided check, or by mailed check. The agreement is subject to approval, and interest and penalties will continue to accrue during the installment period.
IT-201-ATT Other Taxes and Tax Credits – Attachment to Form IT-201taxman taxman
The document is a New York State resident income tax return form for 2008. It requests personal information such as name, address, social security number. It asks filing status and whether the taxpayer itemized deductions on their federal return or can be claimed as a dependent. It instructs to enter federal income and adjustment amounts from lines 1 through 18 of the federal return, including wages, taxable interest, dividends, taxable refunds, alimony, business or capital gains/losses, IRA and pension distributions, rental income, unemployment compensation, and other income or adjustments.
Application for Rescindment of Corporate Income Tax Credit for Contribution...taxman taxman
This document is an application for rescinding a previously approved corporate income tax credit for contributions to nonprofit scholarship funding organizations in Florida. It requests information from the business such as name, address, tax ID number, original credit amount, tax year, and amount to rescind. It explains that the application can be submitted online or by mailing the completed form. The department will approve rescinding the credit unless the business has had multiple rescissions, claimed the credit, or the tax year is closed.
1299-S Enterprise Zones, Foreign Trade Zones, and Sub-Zonestaxman taxman
This document is an Illinois amended individual income tax return form (Form IL-1040-X) that provides instructions for correcting a previously filed Illinois tax return. It contains sections to enter personal information, provide the reason for filing an amended return, enter corrected financial information, calculate any refund or balance due, and sign the form. Supporting documentation must be provided for any corrected lines, such as federal tax forms if amending due to federal changes or Schedule M if amending additions or subtractions.
Alameda County Budget Workgroup May 16, 2011Keith Carson
The Alameda County Administrator's Office provided an update on the FY 2011-12 budget. The budget faces a $137.9 million shortfall due to declining revenues and one-time funds being exhausted. Reductions are planned across public assistance, health care, public protection and general government programs, totaling over 127 eliminated positions. The state and federal budgets also face large deficits, with the state gap estimated at $10.8 billion and further realignment of programs anticipated.
ServisFirst Bancshares reported earnings for the third quarter of 2008, with the following highlights:
- Net income increased 39% year-over-year.
- Deposits grew 27% year-over-year without using brokered deposits.
- A new regional office was opened in Dothan, Alabama in the third quarter.
- A $15 million trust preferred securities issue was completed to boost capital without issuing additional common shares.
nd1-enabled nd.gov tax indincome forms 2008taxman taxman
This document is an individual income tax return form for the state of North Dakota for the year 2008. It contains sections to provide personal identification information, report income and deductions, calculate tax liability, and indicate any refund or amount owed. Key details include filing status, sources of income, subtractions allowed, tax credits, payments made including withholding and estimated taxes, and optional contributions that can be directed to specific state funds.
This document summarizes key aspects of the 2011-12 CUSD budget revision. It notes pros and cons of the state budget, including that it provides flat funding for education but underfunds Proposition 98. The budget dictates terms to local school boards and could result in midyear cuts. It also outlines risks to the state budget from economic events or federal budget cuts. The budget includes a "trigger" that could cut $1.9 billion from K-12 education if revenues fall short. Districts are prohibited from budgeting for these potential cuts.
The document summarizes Idaho's housing market between 2000-2010. It finds that during this period, the growth in housing units outpaced the growth in households by about 30,000 units. This indicates a housing overbuild in Idaho. It also reports that housing permits exceeded household growth over the decade by about 15,000 units. Based on historical growth rates, it estimates it could take 4 years for the state to work off its current housing inventory overhang. Homeowner vacancy rates have also risen significantly since 2005, suggesting a surplus of about 7,500 homes above normal levels in Idaho.
This document is an Iowa amended individual income tax return form (IA 1040X). It provides instructions for taxpayers to amend their previously filed Iowa individual income tax return for a given fiscal year. The form collects identification information for the taxpayer and spouse. It allows the taxpayer to correct filing status, personal exemptions or credits, income, deductions, tax owed or refund amount from the original return. The taxpayer must provide an explanation for any changes on the back of the form and attach any additional documentation as needed to support the amended return.
Jeffrey Allen is requesting a $21,577 loan to pay off two existing 401(k) loans. Paying off these loans would allow him to take out a new $35,000 401(k) loan. He would use these funds to repay the $21,577 loan, install a new roof for $8,000, and invest $2,000 and $1,500 in a new business and music recording. Any remaining funds would cover lost income until he teaches again in the winter. Allen believes paying existing loans and taking a new 401(k) loan carries risks but leaves him able to repay the requested loan and fund home and business investments.
This document provides an actuarial valuation as of June 30, 2011 for the Judges' Retirement System II of California. Key findings include:
- The plan's funded ratio increased from 81.1% to 94.5% based on the market value of assets.
- The recommended employer contribution rate for fiscal year 2012-2013 is 22.837% of projected payroll, down from 23.441% in the prior year.
- Changes to economic assumptions, including lowering the assumed inflation rate from 3.0% to 2.75%, reduced the plan's unfunded liability by $38,798.
BancorpSouth, Inc. reported financial results for the first quarter of 2012. Some key highlights included net income of $22.9 million, continued improvement in credit quality indicators, and stable net interest margin of 3.66%. Capital levels also improved from the prior periods. The company noted initiatives to integrate specialty lending lines of business and reorganize geographically from 10 to 4 regions.
This quarter's activity focused on cash flow planning for future needs such as retirement withdrawals, college expenses, and other obligations. Cash flow planning can address a range of future needs and alleviate anxiety by providing a clear roadmap, though it requires an initial time commitment. Next quarter will focus on estate and legacy planning. The document also provides contact information and the location of important financial documents.
Zuk Financial Group is an independent retirement planning firm established in 1974 that serves over 30,000 clients. The presentation provided information on retirement income planning, including the need to fund retirement accounts early and regularly to benefit from compound growth, diversifying investments over time from growth to income assets as retirement approaches, and working with a financial advisor to develop a customized retirement income plan. Attendees were encouraged to contact Zuk Financial Group for a comprehensive planning consultation.
Tax-Efficient Investing: Retirement Distribution Strategies (Part 3 of Tax-Ef...Robert Keebler
This "Introduction To Tax-Efficient Investing" webinar was the first of a four-part series with Advisors4Advisors on tax-efficient Investing. Advisors4Advisors members can view the on-demand webinar replay and receive CFP and IMCA CE credit.
1st Quarter 2011 Market Commentary from the National Investment Fund for Cred...NAFCU Services Corporation
Recent Federal Reserve Board member comments, plus improving economic readings, may mean this period of ultra-low interest rates is nearing an end. Higher oil prices have put a damper on consumer sentiment and should affect spending in the second quarter of 2011. Read more from NIFCU$ Fund Manager, Hillary Elder in this downloadable report. Learn more about the National Investment Fund for Credit Unions (NIFCU$) at http://www.nafcu.org/nifcus
This document is an application for a deferred annuity from Farm Bureau Life Insurance Company. It collects information such as the proposed annuitant's name, date of birth, social security number, and contact details. It also requests details about the type of annuity and plan being applied for, including premium payment amounts and frequencies. The application is signed by the proposed annuitant, owner if different, and agent to certify that all statements are true.
The document summarizes market performance in the second quarter of 2011, noting declines across most major indices except the Dow Jones Industrial Average. It also discusses economic news including the debt ceiling debate in the US and ongoing issues in Europe over Greece's debt. The article then provides an overview of retirement planning strategies, highlighting the potential benefits of a Cash Balance Plan for business owners.
Tetuan Valley Startup School IV - Spring 2011 - Week 3Luis Rivera
The document discusses key financial concepts for entrepreneurs starting a business. It covers two sessions that introduce students to concepts like time value of money, diversification, price of risk, and how to read financial statements like balance sheets, cash flow statements, and income statements. The sessions provide examples and graphs to illustrate these concepts and help entrepreneurs understand financial projections and valuations when presenting to investors.
The document provides information about two sessions on finance for entrepreneurs with a technological background. The sessions introduce key financial concepts needed for starting a business, including indicators, financial projections, and tools for business plans. It also discusses topics like time value of money, diversification, price of risk, financial statements, and cash flow. Graphs and examples are used to illustrate various financial principles and how different types of investors evaluate opportunities.
The document summarizes Ryder's pension plan status and expenses. It notes that Ryder froze its US, Canadian, and UK pension plans between 2008-2010 to minimize volatility. As of 2010, Ryder's global pension plans were 82% funded, with a total funded status of -$315.4 million. The summary discusses key accounting concepts like assumptions, funded status calculations, and balance sheet impacts.
The pension plan had a funded status deficit of $549.5 million in 2011, compared to a deficit of $315.4 million in 2010 and $320.7 million in 2009. The projected benefit obligation increased to $1,967.6 million in 2011 from $1,744.2 million in 2010, while fair value of plan assets decreased to $1,418.0 million from $1,428.8 million. Unrecognized net actuarial losses also increased significantly to $927.0 million in 2011 from $658.5 million in 2010. The funded status was negatively impacted by record low discount rates and a decrease in fair value of plan assets. The largest deficits were from the U.S
Final.pres.revised cds time adjusted for 2003 version showHorizons-Financial
The document discusses a program called the Acceleration Account Program that uses banking tools and strategies to help pay off debt faster. It works by having a checking and savings account and using transfers between the accounts to make additional principal payments on debts. The program uses mathematical engines to monitor available reserves and prompt strategic principal-only payments to eliminate years of payments and debt faster. It provides sample scenarios and payoff analyses. Committing to consistently following the software can help one achieve their goal of getting out of debt.
This document discusses the impact of mortgage loan modifications and foreclosures on credit scores. It notes that mortgage delinquencies can significantly decrease a person's credit score, especially longer delinquencies of 90 days or more. It also notes that it can take consumers with higher starting credit scores longer, up to 7 years, for their scores to fully recover after events like foreclosure or bankruptcy. The document provides resources for consumers to learn more about how their specific credit situation and activities affect their credit scores.
Shock waves, natural and man-made, rocked global economies in the first six months of 2011. Economic growth faced headwinds from severe storms, floods, earthquakes, higher oil prices and a manufacturing disruption of the global component supply chain from Japan. Most of those issues have now passed, however the European sovereign and banking sector debt crisis remains unresolved. Learn more at http://www.nafcu.org/nifucs
This document contains forms for applying for a micro loan through a credit union. It requests business and personal information from loan applicants, including details about the business, ownership, financial history, the loan request, and personal financial statements. If approved, the loan would be processed, underwritten and serviced by a third party on behalf of the credit union.
The portfolio currently holds 27 active loans totaling $15.5 million, secured by $30 million in collateral. Previously, 12 loans totaling $2.5 million have been repaid, secured by $4.5 million in collateral. The average loan size is $572,811 with an average LTV of 57% and term of 9.3 months at an interest rate of 12.4%. The fund seeks to generate high returns for investors through short-term real estate lending while minimizing risk.
Lewis Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
The document discusses a case study webinar presented by InKnowVision, LLC. It then provides details on the goals and objectives of Duncan and Tina Lewis, which include maintaining their lifestyle, providing for the surviving spouse, maintaining liquidity, ensuring the successful transition of Duncan's business to their son Jason, and reducing taxes. It also lists family information and grandchildren. Finally, it introduces a plan strategies roadmap for the Lewis family, which includes creating grantor deemed owner trusts and gifting assets to them.
BancorpSouth presented an investor presentation in November 2011. The presentation provided an overview of BancorpSouth, including its $13.2 billion in assets and presence across an 8-state region. It also summarized recent operating results, showing stable pre-tax, pre-provision earnings. Furthermore, the presentation highlighted BancorpSouth's diversified revenue stream, with over 35% of revenue historically coming from noninterest sources such as insurance commissions, mortgage lending, and card/merchant fees.
This document is an annual filing form for charitable organizations in New York State. It collects general information about the organization such as its name, address, employer identification number, the fiscal year covered in the filing, and certification by two officers. It also determines whether the organization qualifies for an exemption from submitting additional schedules based on its financial activity. If not exempt, it requires additional schedules be submitted providing details on professional fundraisers used and government contributions received.
Similar to Divorce Property Division and Alimony Needs Analysis - "Breakin' Up is Hard to Do" - Presentation at the 2011 NACVA Annual Conference (20)
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
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Divorce Property Division and Alimony Needs Analysis - "Breakin' Up is Hard to Do" - Presentation at the 2011 NACVA Annual Conference
1. NATIONAL ASSOCIATION OF CERTIFIED VALUATION ANALYSTS INSTITUTE OF BUSINESS APPRAISERS
Thursday, June 9, 2011 Matrimonial Litigation
Breakin’ Up is Hard to Do:
Dividing the Marital Estate
and Figuring Alimony
Robert Vance, CPA, CVA, ABV, CFF, CFP
2 0 1 1 A N N U A L C O N S U L T A N T S’ C O N F E R E N C E
~ Adversity Brings Opportunity ~ Tomorrow’s Information Today
~ ~
J U N E 8 – 1 1, 2 0 1 1 S A N D I E G O B A Y F R O N T H I L T O N
2. • Please set pagers, cell phones, etc. on
vibrate mode or turn them off.
• Please complete and hand in the
Presenter Evaluation forms.
• Don’t forget to complete your CPA
Attestation Form. Add your Membership
Number (located on your name badge)
and sign it. Keep the white copy for your
records. Turn in the yellow copy at the
Registration Desk.
3. NATIONAL ASSOCIATION OF CERTIFIED VALUATION ANALYSTS INSTITUTE OF BUSINESS APPRAISERS
Thursday, June 9, 2011 Matrimonial Litigation
Breakin’ Up is
Hard to Do
Robert Vance,
CPA, CVA, ABV, CFF, CFP
2 0 1 1 A N N U A L C O N S U L T A N T S’ C O N F E R E N C E
~ Adversity Brings Opportunity ~ Tomorrow’s Information Today
~ ~
J U N E 8 – 1 1, 2 0 1 1 S A N D I E G O B A Y F R O N T H I L T O N
4. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
D◦I◦V◦O◦R◦C◦E
What Can You Do?
• Identify
– Tax Returns
– Account Statements
– Creative (NOL C/F, Dissipation)
• Classify
– Marital v. Separate
– Transmutation, Commingling
• Quantify
– Value a Business
– Value a Pension
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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5. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
D◦I◦V◦O◦R◦C◦E
What Can You Do?
• Propose a Division
• Figure Alimony Need & Ability to Pay
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
5
6. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Dividing the Marital Estate
Supporting Documentation
•General - 5 Years of business & personal tax returns, with W-2s
•Marital Residence - Real estate appraisal
•Mortgage - Payoff or monthly statement
•Checking/Savings Accounts – 24-48 months of bank statements
checks
•Investment Accounts - 24-48 months of monthly/quarterly statements
•Defined Benefit Pension - Vested benefit statement & plan document
•Defined Contrib. Plan/401(k) Savings Plan, etc. - 24-48 months of
statements
•Stock Options - Vested & unvested grant statement & plan document
•IRA - 24-48 months of monthly/quarterly statements
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
6
7. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Dividing the Marital Estate
Supporting Documentation
•Vehicles - NADA valuation from Internet
•Other Personal Property - List & estimates from parties; appraisal
Small Business - Business valuation from qualified expert
•Credit Cards - 24-48 months of monthly statements
•Dissipation of Marital Assets - Receipts, canceled checks, CC
statements, depo. excerpts, etc.
•Electronic file copies, including passwords - Quicken and
QuickBooks
•Subpoena to all banks that a spouse may use
•Request the entire loan file, including personal financial statements
(“PFS”) and loan applications
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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8. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
The “Marital Balance Sheet”
Factors to Consider
•Spouses’ desire for a particular asset
•Practicality, legality or necessity of one spouse owning an
asset or owing a debt
•Future income earnings from an asset
•Future earning capacity of each spouse
•Concept of offset
•Attorney’s request for an unequal division
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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9. Smith v. Smith
Marital Balance Sheet
3/31/11 Child or
Separate Proposed Division
No. Description Title FMV Debt Equity Account Marital Husband Wife Notes
REAL ESTATE
1
2
3
4
5
6
CASH & INVESTMENTS
7
8
9
10
11
12
13
14
15
16
17
RETIREMENT
18
19
20
21
22
23
24
25
PERSONAL PROPERTY
26
27
28
29
30
OTHER DEBTS
30
31
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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TOTALS 0 0 0 0 0 0 0
9 #DIV/0! #DIV/0!
10. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Construction
1.Excel
2.Numbered lines
3.Numbered pages
4.Group asset and debt categories such as “Real Estate”
and “Retirement”
5.Last 4 digits of account #
6.List debts with secured assets showing the net equity
7.Display property claimed as separate in whole or in part
so as to establish the claim
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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11. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Construction
8.Display the proposed division of each and every item
along with the total net percentage to each spouse
9.Offset the present value of a pension
10.Offset the fair market value of a small business with
other assets
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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12. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Related Issues & Analyses for the MBS
•Present Valuing a Defined Benefit Plan
•Dissipation Analysis
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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13. Smith v. Smith
Defined Benefit Pension Valuation
3/31/11
Case Information
Date of Valuation 3/31/2011 Date of Marriage 1/31/1993
Date of Preparation 3/31/2011 Years of Marriage 18.2
Plan Information
Employer ABC Corporation Date of Retirement 4/1/2020
Payout Method Straight Life Annuity Plan Name ABC Corp. Employee's Pension Plan
Participant Information
Participant John Smith Date of Birth 3/27/1960
Sex M Age at Valuation Date 51.0
Race W Vested Percentage 100.0%
Date of Hire 4/2/1990 Years of Service 21.0
Calculations Notes
Monthly retirement benefit $4,961 a.
Retirement age used in this calculation 60.0
Life expectancy at valuation date (1) 28.2 b.
Number of years to retirement age (deferral period) 9.0 c.
Years of life expectancy beyond retirement age (payout period) 19.2 d. b. - c. = d.
Discount rate for payout period (2) 4.50% e.
Present value of monthly benefits at retirement date 764,473 f. Present value of a.
discounted with e.
Discount rate for deferral period (2) 4.50% g.
Expected value of retirement benefits at valuation date 514,417 h. Present value of f.
discounted with g.
Ratio of total benefits earned during marriage 86.7% i. Years of marriage /
years of service
Marital value of retirement benefits $445,828 j. h. x i. = j.
1) Life Expectancy Tables: "United States Life Tables, 2006", National Vital Statistics Reports, Vol. 58, No. 21, June 28, 2010, National
Center for Health Statistics; Life Table for white males.
2) Derived from Federal Reserve Statistical Release; 5 Year average of 20 Year, U.S. Government Securities, Treasury Constant Maturities
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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14. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Dissipation
Dissipation: “The use of an asset for an illegal or
inequitable purpose, such as a spouse’s use of community
property for personal benefit when a divorce is imminent.”
Black’s Law Dictionary
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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15. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Tennessee: “Ward Factors”
The Trial Court must consider:
1.Whether the evidence presented at trial supports the alleged purpose
of the various expenditures; and if so,
2.Whether the alleged purpose equates to dissipation under the
circumstances
a. The typicality of the expenditure to the marriage
b. The benefactor of the expenditure, i.e., it is primarily benefited
the marriage or the sole dissipating spouse
c. The proximity of the expenditure to the breakdown of the
marriage; and the amount of the expenditure
d. The amount of the expenditure
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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16. Smith v. Smith
Dissipation of Marital Assets by Husband Girlfriend Expenses
3/31/11 Clothing Casino
Check & Dept. Meals & Loans to Athletic ATM Cosmetic
Date Num Description Memo Totals Travel Stores Ent. G'friend Jewe lry Misc. Tickets Cash Medical
10/1/05 Refinance of H's Car Per H's Depo 0.00
10/1/05 Disney World Trip H's Answers to Interrog. 5,000.00 5,000.00
10/13/05 1032 Sports Tickets Etc. Per Answers to Interrog. 2,000.00 2,000.00
10/24/05 1009 Best Buy 43922.00 2,500.00 2,500.00
11/1/05 1016 Check to Girlfriend 2,500.00 2,500.00
11/1/05 Credit Union Loan #12345 Unknown purpose 0.00
11/1/05 1045 Sports Tickets Etc. Per Answers to Interrog. 2,000.00 2,000.00
11/28/05 Abercrombie And Fitch 518.95 518.95
11/28/05 Banana Republic 219.58 219.58
12/6/05 Airline Per Answers to Interrog. 503.90 503.90
12/6/05 Airline Per Answers to Interrog. 503.90 503.90
12/6/05 Airline Per Answers to Interrog. 503.90 503.90
12/20/05 1053 Check to Girlfriend 415.00 415.00
12/27/05 Miguelas Clothing Girlfriend 692.65 692.65
12/29/05 Miguelas Clothing Girlfriend 127.00 127.00
1/3/06 Airline 915.14 915.14
1/3/06 Airline Chicago trip 915.14 915.14
2/15/06 Cosmetic Dentist Inc. 5,000.00 5,000.00
2/15/06 Hair Plugs R Us Per H's Admission 10,200.00 10,200.00
2/22/06 1123 Check to Girlfriend 360.00 360.00
4/10/06 5135 Big Law Firm 5,000.00 5,000.00
4/22/06 Billabong Cabazon 166.95 166.95
5/10/06 Victoria's Secret 127.28 127.28
5/11/06 Barbie Live Per Answers to Interrog. 135.55 135.55
5/12/06 Atm Cash Withdrawal 402.00 402.00
5/12/06 Ticketmaster Per Answers to Interrog. 1,021.55 1,021.55
5/18/06 Best Buy 924.20 924.20
5/19/06 Girlfriend's Diamond Ring Per H's Depo 20,000.00 20,000.00
5/20/06 ABC Marina Per Answers to Interrog. 175.26 175.26
5/30/06 Marriott Hotels LA 578.28 578.28
6/8/06 Atm Cash Withdrawal 400.00 400.00
6/9/06 1130 Cash 1,300.00 1,300.00
6/9/06 Infinity Per Answers to Interrog. 0.00
7/10/06 Gap 411.85 411.85
7/10/06 Victoria's Secret 343.05 343.05
8/9/06 Credit Union Loan #4567 Unknown purpose 0.00
8/17/06 Over-the-counter Withdrawal 6,000.00 6,000.00
9/8/06 1283 Cash 800.00 800.00
10/16/06 Toyota Per Answers to Interrog. 0.00
11/22/06
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 –3,333.792011 SAN DIEGO BAYFRONT HILTON9,302.00
Atm Cash Withdrawal
Totals 5,901.47
11, 6,998.10 3,275.00 20,000.00 7,500.00 4,924.20 400.00
400.00
76,434.56 15,200.00
16
17. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Case Study – The Smiths
Personal
Husband - (“money spouse”) – airline pilot – age 51
Wife - (“non-money spouse”) – office worker – age 51
Children, ages 15 and 13
18 year marriage
Major Assets
Marital Residence in TN with 20 years on the mortgage
Rental House in D.C. area
H – Defined Benefit Plan
H – Military Retirement
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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18. Smith v. Smith
Marital Balance Sheet - Round 1
3/31/11 Child or
Separate Proposed Division
No. Description Title FMV Debt Equity Account Marital Husband Wife Notes
REAL ESTATE
1 Rental Property-1234 Maple Cove, D.C. J 200,000 Appraisal dated 11/30/10; listed for sale
2 Estimated Sales Comm. on Rental Prop. Sale J (24,000) Estimated
3 Estimated Income Tax on Rental Property Sale J (35,000) 141,000 141,000 70,500 70,500 Estimated
4 Marital Residence-4567 Main St., TN J 250,000 Appraisal dated 12/15/10; listed for sale
5 Marital Residence-Mortgage #05-227 J (119,000) 131,000 131,000 131,000 Statement dated 2/28/11
CASH & INVESTMENTS
6 Checking Account #5689 H 2,500 2,500 2,500 2,500 Statement dated 2/28/11
7 Checking Account #9876 W 3,500 3,500 3,500 3,500 Statement dated 2/28/11
8 Savings Account #1234 J 11,500 11,500 11,500 11,500 Statement dated 2/28/11
9 ABC Corporation Stock-200 shr H 20,000 20,000 20,000 20,000 Statement dated 2/28/11
10 Amer. Century I #3698 W 20,000 20,000 20,000 20,000 Statement dated 2/28/11
11 Amer. Century-Money Market #5678 J 31,000 31,000 31,000 31,000 Statement dated 2/28/11
12 Amer. Century-II #6543 J 36,000 36,000 36,000 36,000 Statement dated 2/28/11
13 Jones Fund #1478 J 7,000 7,000 7,000 7,000 Statement dated 2/28/11
14 Janus-Wordwide #9998 J 2,000 2,000 2,000 2,000 Statement dated 2/28/11
15 Janus-Twenty #8889 J 9,000 9,000 9,000 9,000 Statement dated 2/28/11
16 eTrade Account #2589 H 4,000 4,000 4,000 4,000 Statement dated 2/28/11
17 Aviation Manufacturing Inc.-30% Int. H 300,000 300,000 300,000 300,000 Per Valuation performed by FVS, PLC
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
18
19. RETIREMENT
18 ABC Co. Pension Plan #AB-123 H 514,417 514,417 (68,589) 445,828 445,828 PV of future benefits as of 3/31/11
19 Military Pension Plan H 190,000 190,000 (20,000) 170,000 170,000 PV of future benefits as of 1/31/11
20 Money Purchase Pension Plan #XY-9876 H 140,000 140,000 140,000 140,000 Statement dated 2/28/11
21 Retirement Savings Plan #JK-6543 H 550,000 550,000 550,000 275,000 275,000 Statement dated 2/28/11
22 IRA #02-3456 H 11,000 11,000 11,000 11,000 Statement dated 2/28/11
23 IRA II #98-7654 H 122,000 122,000 122,000 122,000 Statement dated 2/28/11; 25% / 75% Split
24 403b Plan #9876 W 38,000 38,000 38,000 38,000 Statement dated 2/28/11
25 IRA III #6543 W 35,000 35,000 35,000 35,000 Statement dated 2/28/11
PERSONAL PROPERTY
26 1992 Mercedes J 12,000 12,000 12,000 12,000 NADA Average retail value as of 1/31/11
27 1999 Toyota W 3,200 3,200 3,200 3,200 NADA Average retail value as of 1/31/11
28 2003 Chevrolet PU Truck H 8,800 8,800 8,800 8,800 NADA Average retail value as of 1/31/11
29 Personal Property J 20,000 20,000 20,000 10,000 10,000 H & W Estimate
30 Husband's Dissipation of Marital Assets H 76,435 76,435 76,435 76,435 Per Forensic Analysis
OTHER DEBTS
30 Visa #4529 J (4,000) (4,000) (4,000) (4,000) Statement dated 2/28/11
31 Amex #1234 W (8,500) (8,500) (8,500) (8,500) Statement dated 2/28/11
32 Discover #6549 W (9,500) (9,500) (9,500) (9,500) Statement dated 2/28/11
TOTALS 2,617,352 (200,000) 2,417,352 (88,589) 2,328,763 1,544,563 784,200
66.3% 33.7%
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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20. Smith v. Smith
Marital Balance Sheet - Round 2
3/31/11 Child or
Separate Proposed Division
No. Description Title FMV Debt Equity Account Marital Husband Wife Notes
REAL ESTATE
1 Rental Property-1234 Maple Cove, D.C. J 200,000 Appraisal dated 11/30/10; listed for sale
2 Estimated Sales Comm. on Rental Prop. Sale J (24,000) Estimated
3 Estimated Income Tax on Rental Property Sale J (35,000) 141,000 141,000 70,500 70,500 Estimated
4 Marital Residence-4567 Main St., TN J 250,000 Appraisal dated 12/15/10; listed for sale
5 Marital Residence-Mortgage #05-227 J (119,000) 131,000 131,000 131,000 Statement dated 2/28/11
CASH & INVESTMENTS
6 Checking Account #5689 H 2,500 2,500 2,500 2,500 Statement dated 2/28/11
7 Checking Account #9876 W 3,500 3,500 3,500 3,500 Statement dated 2/28/11
8 Savings Account #1234 J 11,500 11,500 11,500 11,500 Statement dated 2/28/11
9 ABC Corporation Stock-200 shr H 20,000 20,000 20,000 20,000 Statement dated 2/28/11
10 Amer. Century I #3698 W 20,000 20,000 20,000 20,000 Statement dated 2/28/11
11 Amer. Century-Money Market #5678 J 31,000 31,000 31,000 31,000 Statement dated 2/28/11
12 Amer. Century-II #6543 J 36,000 36,000 36,000 36,000 Statement dated 2/28/11
13 Jones Fund #1478 J 7,000 7,000 7,000 7,000 Statement dated 2/28/11
14 Janus-Wordwide #9998 J 2,000 2,000 2,000 2,000 Statement dated 2/28/11
15 Janus-Twenty #8889 J 9,000 9,000 9,000 9,000 Statement dated 2/28/11
16 eTrade Account #2589 H 4,000 4,000 4,000 4,000 Statement dated 2/28/11
17 Aviation Manufacturing Inc.-30% Int. H 300,000 300,000 300,000 150,000 150,000 Per Valuation performed by FVS, PLC
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
20
21. RETIREMENT
18 ABC Co. Pension Plan #AB-123 H 514,417 514,417 (68,589) 445,828 445,828 PV of future benefits as of 3/31/11
19 Military Pension Plan H 190,000 190,000 (20,000) 170,000 170,000 PV of future benefits as of 1/31/11
20 Money Purchase Pension Plan #XY-9876 H 140,000 140,000 140,000 140,000 Statement dated 2/28/11
21 Retirement Savings Plan #JK-6543 H 550,000 550,000 550,000 550,000 Statement dated 2/28/11
22 IRA #02-3456 H 11,000 11,000 11,000 11,000 Statement dated 2/28/11
23 IRA II #98-7654 H 122,000 122,000 122,000 30,500 91,500 Statement dated 2/28/11; 25% / 75% Split
24 403b Plan #9876 W 38,000 38,000 38,000 38,000 Statement dated 2/28/11
25 IRA III #6543 W 35,000 35,000 35,000 35,000 Statement dated 2/28/11
PERSONAL PROPERTY
26 1992 Mercedes J 12,000 12,000 12,000 12,000 NADA Average retail value as of 1/31/11
27 1999 Toyota W 3,200 3,200 3,200 3,200 NADA Average retail value as of 1/31/11
28 2003 Chevrolet PU Truck H 8,800 8,800 8,800 8,800 NADA Average retail value as of 1/31/11
29 Personal Property J 20,000 20,000 20,000 10,000 10,000 H & W Estimate
30 Husband's Dissipation of Marital Assets H 76,435 76,435 76,435 76,435 Per Forensic Analysis
OTHER DEBTS
30 Visa #4529 J (4,000) (4,000) (4,000) (4,000) Statement dated 2/28/11
31 Amex #1234 W (8,500) (8,500) (8,500) (8,500) Statement dated 2/28/11
32 Discover #6549 W (9,500) (9,500) (9,500) (9,500) Statement dated 2/28/11
TOTALS 2,617,352 (200,000) 2,417,352 (88,589) 2,328,763 1,064,063 1,264,700
45.7% 54.3%
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
21
22. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Figuring Reasonable Need and the Ability to Pay
Alimony
•Know your alimony code and case law
•Property Division first
•Alimony second
•Single-month v. multi-year
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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23. Smith v. Smith
Wife's Need for Support
3/31/11
Monthly Basis - 1st Year Only
Gross Monthly Income 3,333
Net Monthly Income After Taxes & Deductions 970
Child Support 3,200
Total Monthly Income 4,170
Mortgage (1,950)
Monthly Living Expenses (7,083)
Shortfall (4,863)
Alimony "Need" 5,000
Surplus 137
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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24. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Single-month flawed for these reasons:
1.Represents a snapshot in time
2.Gross understatement of income by self-employed and commission
or bonus-dependant spouses
3.Use of expense figures that appear to be historical, however the
future expenses will inevitably be different due to new housing
arrangements, additional child care expenses, duplications, and
INFLATION
4.Failure to incorporate the use of investment earnings available from
the divided property
5.Failure to incorporate the use of retirement assets or pensions at
retirement date or for use immediately if necessary
6.Overstatement of monthly expenses after listing those ordered to pay
as temporary support which may end
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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25. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
The Need and the Ability to Pay Analysis
•A simplified, lifetime financial plan covering all of the
remaining years of each spouse’s life expectancy
•A forward-looking projection
•Standard of Living
•Earning Capacity
•If I had a dime for every time I heard the statement
“business is way-off this year” during the pendency of a
divorce, I would be a rich man
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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26. Breakin’ Up is Hard to Do:
Dividing the Marital Estate and Figuring Alimony
Steps
1.Calculate the remaining life expectancy of each spouse
2.Allow for contributions to retirement plans and/or IRAs based
on past practices
3.Incorporate an investment rate of return on the non-retirement
financial assets
4.Factor in the receipt of child support
5.Figure the new mortgage note or rent based on an
approximation of the pre-divorce standard of living
6.Analyze the personal living expenses – general ledger
7.Calculate federal and state taxes on the projected earnings,
other taxable incomes, itemized deductions and the tax
consequences for paying/receiving alimony
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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31. Smith v. Smith
Net Worth Accumulation of Marital Assets
3/31/11
Net Worth Accumulation
Husband Wife
of Marital Assets
Estimated Estimated Estimated Estimated
Value Value Value Value
At Divorce At Death At Divorce At Death $2,500,000
Marital Residence Equity - 2% Appreciation 0 0 131,000 518,249 $2,087,424
New Home - 2% Appreciation 0 609,358 0 0
$2,000,000
Investment Assets 321,500 1,435,242 266,000 (359,583)
$1,500,000
Retirement Assets 657,328 42,824 854,500 19,249 $1,264,700
Other Assets & Debts 85,235 0 13,200 0 $1,064,063
W
N
h
$1,000,000
o
r
e
t
1,064,063 2,087,424 1,264,700 177,915
45.7% 92.1% 54.3% 7.9%
$500,000
$177,915
$0
At Divorce At Death
Husband's Total Marital Assets Wife's Total Marital Assets
2011 ANNUAL CONSULTANTS’ CONFERENCE JUNE 8 – 11, 2011 SAN DIEGO BAYFRONT HILTON
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