Accounting for Family Lawyers
Demystify the world of numbers
- Product Number: 2150174P01
CLE Credits, earn up to:
3 substantive credits, 0 ethics credits CLE Credit Note
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There are many things which naturally frighten the family law practitioner, and many situations are simply out of our control: the client who fails to show for a hearing or the Judge's proclamation to call your first witness. Despite the uncertainties every family lawyer must accept, some fears we can actually overcome through a combination of experience and training. Many if not most attorneys are stymied by financial statements or tax returns. This course demystifies the world of reporting, numbers, and accounting speak. There will not be an accountant or financial person on the panel but, rather, experienced family law practitioners speaking directly to less experienced practitioners, providing what you need to know relative to tax returns and other similar reporting instruments. We review and compare tax returns— personal, corporate, and partnership—along with P & L statements, cash flow reports, and schedules, so that the inexperienced practitioner knows where to look to find hidden or unreported income, hidden assets, and improper expenses. We then focus on the equally important question of how to effectively relay your findings to the Court.
Agenda & Materials
2:00 - 2:35 p.m.
Welcome and Introduction; Discovery - What Documents to Request for Purposes of Income and Valuations; How to Educate Your Client - Gross Sales Do Not Equal Income!eLecture Add to Cart
2:35 - 3:25 p.m.
Basic Lingo - Key Terms to Inquire and Obtain Information, Convey Findings to The Judge, or Communicate with an Appraiser; Review of Tax Returns and Schedules in Order to Go Directly to Those Areas That Will Provide a Clearer Picture of Income and AssetseLecture Add to Cart
3:25 - 4:05 p.m.
4:05 - 5:00 p.m.
MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.