After completing Module Two, you will know these divorce financial solutions:

Topic:  Property

1. How to identify marital and separate property.
2. How to find hidden assets by reviewing tax returns.
3. How to find hidden assets by reviewing other documents and transactions.
4. How to determine the value of property.
5. What a career asset is.
6. How assets and debt will be divided in a community property state versus an equitable distribution state.
7. What the options are for dividing a family business.
8. The difference between an equitable distribution and an equal distribution.

Topic:  Pensions

1. What a defined contribution plan is and how they work.
2. How to calculate the vested portion of a defined contribution plan.
3. How to transfer assets from a defined contribution plan.
4. The rules regarding dividing an IRA in a divorce.
5. What a defined benefit plan is and how they work.
6. Different methods for dividing and transferring a pension.
7. How to calculate the present value of a pension, including the marital portion.
8. What a QDRO is and how they work.
9. The importance of protecting survivor benefits.
10. Different vesting options and how they work.
11. Common pitfalls of dividing a pension.

Topic:  The Marital Home

1. What the options are for the marital home.
2. How to calculate the cost basis of the marital home.
3. How to calculate the capital gain on the sale of the home.
4. The rules regarding use and ownership period.
5. How to determine the financial viability of keeping the residence.
6. How to review case studies to determine if one spouse can keep the residence

Topic:  Spousal Support

1. The courts’ criteria for ordering spousal support.
2. What rehabilitative maintenance is and how it works.
3. Whether spousal support is modifiable.
4. The tax issues for spousal support.
5. Taxable vs. Non-taxable support.
6. What front-loading of spousal support is and how to avoid it.
7. Methods for guaranteeing spousal support.

Topic:  Child Support

1. About child support guidelines and their purpose.
2. How the non-custodial parent can claim the tax exemption.
3. What the child contingency rules are and how they work.
   • Six Month Rule
   • Multiple Reduction Rule

Topic:  Social Security

1. How to qualify for spouse’s Social Security Benefits.
2. What a spouse’s rights are to Social Security Benefits.
3. What happens when there are multiple spouses that qualify for benefits?
4. Social Security planning tips and issues.

Topic:  Insurance

1. What happens to health insurance and COBRA protections for divorcing couples.
2. How life insurance can be used.

Topic:  Debt, Credit and Bankruptcy

1. About the rules regarding different kinds of debt.
   • Secured Debt
   • Unsecured Debt
   • Tax Debt
2. The tax treatment and rules of Qualified Principal Residence Indebtedness.
3. The rules regarding tax deductibility of divorce expenses.
4. How credit and debt work in a divorce.
5. General rules regarding the types of bankruptcy.

Register for the divorce financial solutions course.

Read Learning Objectives for Module Three.