Financial Litigation
|
 |
|
|
|
| Divorce Valuations—Who Owns the Personal Goodwill?(170726N) |
Course CPE: 2 hours
Field(s) of Study: Business Law–2 hrs
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities
Advanced Preparation: Prior valuation experience recommended, but not required
Delivery Method: Self-Study |
Item
Number: 17PFFCHI0608D
Shipping Weight: 0lbs. 0oz. |
| Price:
$147.00 |
|
|
|
|
Recording Date: June 8, 2017
Presenter: Alan Zipp
Program Description:
Can the value of marital property be greater than the value of property legally owned by a spouse? Can a spouse have a marital property interest in personal goodwill in which the shareholder has no legal interest? Some states treat personal goodwill as a non-marital asset while other states treat both personal and enterprise goodwill as marital property. Under Federal tax law, corporations do not own the personal goodwill of its shareholders. In a divorce valuation of a corporation which involves personal goodwill, what is the appraiser to do? How should personal goodwill be treated in a business valuation for divorce purposes? This webinar will discuss these issues and provide guidance for the valuation analyst.
After completing this course, you will be able to:
- Recognize that personal goodwill is not an asset belonging to a corporation under Federal tax law
- Identify the differences among states in the treatment of personal goodwill as marital property
- Recognize the importance of applying local law in business valuations for divorce
- Determine personal goodwill in a divorce valuation context
- Select a cogent analysis of personal goodwill in a valuation report
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
|
|
