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Analyzing Personal Goodwill in Matrimonial and Estate Valuations

 Analyzing Personal Goodwill in Matrimonial and Estate Valuations
CPE Credit

Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Accounting
Item Number: 16PBVWDC0920C
Shipping Weight: 0lbs. 0oz.
Price: $110.00
Program Description

“But I have worked so hard I deserve…” or “Without me the business would be worthless.” On the front burner of business valuation is the identification of personal goodwill and the ability to separate value between personal and enterprise. This webinar will cover two specialty areas of business valuation: divorce, and gift and estate. In recent divorce business valuation matters, the determination of goodwill has been front and center.

We will analyze court decisions and evaluate how various states are dealing with personal goodwill. On the gift and estate side, the recognition of personal goodwill as identifiable components has reduced estate and gift tax burdens. This webinar will discuss these findings. Each attendee will be prepared to: ask the right questions on how to identify personal goodwill, walk away with tools and techniques to quantify personal goodwill, and understand how recent court decisions could support the attributable value to personal goodwill.

Learning Objectives

After completing this webinar, attendees will be able to:

- Identify factors attributing to personal goodwill
- Develop techniques to quantify personal goodwill
- Recognize how recent court decisions could support the attributable value to personal goodwill

Who Should Attend

Financial professionals


Mr. Marc Bello is a nationally recognized expert in business valuation and forensic accounting. He has appeared as an expert witness in the United States Tax Court as well as Massachusetts superior and probate courts. Attorneys seek Mr. Bello’s
expertise in the area of business valuation, litigation support, forensic accounting, lost profits, business interruption, economic damages, and taxation.

Mr. Bello is a partner at Edelstein & Company and is the leader of the Business Valuation and Forensic Accounting Team. Prior to joining Edelstein, his experience includes working at an international pharmaceutical global enterprise based in Boston, in addition to handling tax engagements for public and private companies and other accounting firms.
He regularly provides business valuations in the context of marital dissolution, shareholder and partner disputes, financial reporting, gift and estate planning, business planning, and decision-making. Divorce situations often present an array of
sensitive financial matters; Mr. Bello has extensive experience with complex compensation issues in divorce, such as stock options, restricted stock, phantom stock plans, double dip factors, determining annual income, and assisting
attorneys with calculating support orders. His forensic accounting experience includes finding and identifying hidden income and assets that can be pivotal to divorce resolutions.

Mr. Bello has authored numerous articles related to divorce, forensic accounting, and family business operations. He is a frequent lecturer on issues of business valuation and forensic accounting at conferences around the country. A regular
instructor for the National Association of Certified Valuators and Analysts™ (NACVA®), Mr. Bello has been the lead instructor for the Current Update in Valuations course since 2007. He is also an instructor for the Intermediate Business
Valuation Training Center.

Mr. Bello is the co-editor in chief for Around the Valuation World® and is serving a three year term on NACVA’s Forensic Litigation Board. He currently sits on the Family Law Advisory Committee for Massachusetts Continuing Legal Education and is the treasurer of Camp Bauercrest in Amesbury, Massachusetts.

Mr. Bello is the past chair of NACVA’s Executive Advisory Board, Valuation Credentialing Board, and Educational Quality Assurance Board.

Courtney Sparks White, JD, LLM, ASA, CVA
Ms. Courtney Sparks White is a partner at Clarus Partners, LLC, an accounting and business advisory firm in Columbus, Ohio. She heads up the Business Valuation and Litigation Support practice, concentrating her time in business valuation,
forensic accounting, economic damages, and litigation advisory services. She has testified in court about business valuations, economic damages, and other financial matters.

Ms. White’s business valuation experience encompasses a wide range of industries. She has completed or contributed to hundreds of valuation engagements for numerous purposes, including estate and gift taxation; ESOPs; marital
dissolutions; buy-sell agreements; mergers and acquisitions; Subchapter-C-to–Subchapter-S conversions; and other tax, corporate, and litigation related matters. She has experience valuing businesses and business interests in many industries including, but not limited to: automotive, construction, food service, distribution, financial services, manufacturing, healthcare, insurance, retail, and transportation.

Ms. White’s forensic accounting and litigation advisory experience includes providing expert and consulting services regarding shareholder disputes, contract disputes, business interruption claims (damages and lost profits), wrongful termination, and financial aspects of family law matters (determination of income, identification of assets, separate property tracing, etc.).

Prior to joining Clarus, Ms. White was a senior analyst at a boutique valuation and litigation support firm in Central Ohio.

She started her career as a financial analyst at GBQ Partners in Columbus, Ohio. Ms. White received her JD and LLM in taxation from Capital University Law School. During law school, she was a
member of the law review as a staff member (2007–2008) and as an executive board member (2008–2009). She received a bachelor of arts in Mathematics from Vanderbilt University with a minor in Financial Economics. She was an
Academic All-SEC in 2000 as a member of the Vanderbilt Women’s Golf Team.

Ms. White is an Accredited Senior Appraiser with the American Society of Appraisers, a Certified Valuation Analyst® with the National Association of Certified Valuators and Analysts™ (NACVA®), a member of the Ohio State Bar Association and the Columbus Bar Association. She also maintains active registration status with the Supreme Court of
Ohio through compliance with continuing legal education requirements.

She is also a current member of the NACVA Executive Advisory Board, a former co-editor in chief of the Around the Valuation World monthly webzine, a past member and chair of the Valuation Credentialing Board of the NACVA, a board member (2011 to present) of CASA (Court Appointed Special Advocates) of Franklin County, and a trustee (2013
to present) of Kids n’ Kamp.