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The Association of Divorce Financial Planners (ADFP) 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.


 

 

   A 501(c)(6) Not-For-Profit Professional Association

 

ADFP News - September 2012

 

2012 ADFP Conference Logo  

 

10th Annual Conference: Unlock The Potential

 

Doral Arrowwood Resort and Conference Center

 

975 Anderson Hill Road, Rye Brook, NY 10573

 

September 20 - 22, 2012

 

 

 

ADFP Conference Specials 
  
ADFP membership extension (5 months, new members only)        $93.75 value
 
Member Discount - ADFP University                Up to $75.00 ($25.00 per course)
 
Continuing Education Credits                                                   Up to 22 credits*
 
Member Discount - Conference                                                  $100.00


Help with Room and Transportation Sharing


If you are having any issues or other problems that might
impede your ability to participate, please let us know.


* CPAs and CFPs, as well as CDFAs (NY-CLE also available at a small additional cost) 
 
PLUS!
 
Enjoy and learn at the premier divorce financial
planning event of the year - 4 AAML speakers
 
Internationally renowned mental health professional,
Elana Katz, Pioneering Award Honoree and keynote speaker
 
Some of the most experienced divorce financial planners
in the field, speaking and in attendance
 
Courses (basic and advanced, choose up to 5 out of 11 course offerings)
and interactive workshops on hot topics in the divorce finance field
 
A retired judge
 
The world class Doral Arrowwood resort, nestled in the suburbs of New York City!

  

__________________________

 

 

Attention Conference Attendees Interested in Establishing Local Chapters

 

We are planning a meeting at the hotel to discuss logistics for establishing local chapters.  If you would like to participate in this meeting, please contact Pam at 888-838-7773 or ADFP@DivorceAndFinance.org.

 

Thanks,

Mike Bean, VP Chapter Development

  

________________________

 

  

Conference Notes

 

Food Vouchers:

 

Conference participants will be mailed food vouchers shortly.  Hotel guests who have registered for the conference participant package will receive breakfast, lunch and dinner vouchers for each night's stay.  Day guests or attendees who have made arrangements for accommodations on their own will receive lunch vouchers only for each day of participation.  Please contact Pam Humbert at ADFP@DivorceAndFinance.org or 888-838-7773 if you have any questions.

 

Online Conference Book:

Conference participants will be able to access to the online Conference Book shortly.  The conference book will be continuously updated prior to the conference.  Attendees should review the contents of the conference book and bring with them any materials they would like to have on hand during the conference itself.  Attendees are also strongly encouraged to familiarize themselves with the case studies associated with the "Advanced Case Studies in Divorce Taxation" session and bring copies of the case studies with them to those sessions.  Attendees will have free wireless internet access in their guest rooms and main hotel areas, although not in the conference rooms themselves, but can use their computers to take notes or download sections of the conference book.

 

Arrival and Departure Times:

 

Guaranteed check-in is between 3:00 p.m. and 5:00 p.m..  If you arrive earlier and you room is not ready, your luggage can be stored at the Bell Stand.  Check-out time on the day of departure is 11:00 a.m. 

 

Thursday and Friday Evening Roundtables:

 

If there is sufficient interest, we will be holding roundtables during dinner Thursday and Friday night for 1) Those people interested in establishing chapters in their own geographic areas.  Current chapter leaders are invited to participate; 2)  Those people interested in planning our next annual conference and 3) Those people interested in working on marketing and public relations.  Sign-up sheets for roundtables will be located at the registration desk.

 

Evenings at The Pub: 

Interested participants will convene at the Arrowwood Pub Wednesday, Thursday and Friday evenings after dinner.

 

Sign-Up for Ride Sharing at the Registration Desk:

 

There will be a sign-up sheet at the registrations desk for those people interested in ride sharing at the end of the conference.

 

Four Free Rounds of Golf:

 

As part of our conference package with the Doral Arrowwood, the hotel is offering attendees 4 free rounds of golf (9 or 18 holes) on a first-come, first-served basis.  Critically acclaimed as one of the most challenging nine-hole courses in the country, Doral presents the renowned Robert Von Hagge's trademark mounds, shadows, bunkers, and water hazards.  The 3,200-yard, par-35 course presents a challenge to every level of play -- from beginner to professional.

 

The best times for taking advantage of this offer are Wednesday, September 19th, when there are no Conference or University sessions, or Thursday, September 20th, for those people attending the Conference only.  Golf is very popular at Arrowood, so it is best to reserve tee times in advance.  Those people who would like to take advantage of this opportunity should contact Pam Humbert at 888-838-7773 as soon as possible.  Please note, only soft spike are permitted on the golf course.

 

Conference Materials:

 

If there are any conference to be shipped to the hotel, please advise in advance the number of pieces and the expected day of arrival at Arrowwood, and if applicable, the vendor from which they are being shipped.  Make sure they are properly labeled to your attention in care of Rita Osorio, Conference Manager, and clearly show your company name, the on-site contact (Carl Palatnik), and meeting start date.  Shipments are received only at the hotel loading dock, preferably Monday through Friday, 8:00am-4:00pm. After 4:00pm, they will be received by Security.

 

Driving Directions:

 

Please call the hotel directly for driving (914-939-5000) or find them on the hotel website, www.doralarrowwood.com.

 

From Westchester County  (White Plains) Airport:

Leaving airport take first right onto Rye Lake Avenue.  At top of hill (traffic light) turn right onto King St. Continue two miles to next traffic light.  Turn right onto Anderson Hill Road.  Pass Doral Greens condominiums on right. Arrowwood is the next entrance on the right.

 

From LaGuardia Airport:

Exit airport onto Grand Central Parkway East.  Stay in right lane onto I-678 North, Van Wyck/Whitestone Expressway to the Whitestone bridge.  After bridge tolls, bear left for Hutchinson River Parkway North.  Take Hutchinson to Exit 28 (Lincoln/Harrison/Rye Brook).  Left off exit ramp onto Lincoln Ave.  At end (second traffic light) turn right onto Anderson Hill Road.  Arrowwood is approximately 1/2 mile ahead  on the left.

 

From Kennedy International Airport: 

Exit airport onto Van Wyck Expressway (Rt. 678) North for approximately 4 miles.  Stay to right, follow signs for Whitestone Bridge.  After bridge tolls, bear left for Hutchinson River Parkway North.

Take Hutchinson to Exit 28 (Lincoln/Harrison/Rye Brook).  Left off exit ramp onto Lincoln Ave.  At end (second traffic light) turn right onto Anderson Hill Road.  Arrowwood is approximately 1/2 mile ahead on the left.

 

From Newark International Airport:

New Jersey Turnpike (I-95) North to George Washington Bridge.  Cross Bridge, stay to right, follow signs to Major Deegan Expressway. (I-87) North. (In Westchester County, I-87 becomes the New York State Thruway.)  Deegan North to Exit 4, Cross County Parkway East.  To Hutchinson River Parkway North.  Hutchinson to Exit 28 (Lincoln Ave./Harrison/Rye Brook).  Left off exit ramp onto Lincoln Ave.  At end (second traffic light) turn right onto Anderson Hill Road.  Arrowwood is approximately 1/2 mile ahead on the left.

 

 

_________________________ 

 

Additional Conference Information
 

 

Here is some important logistical information for the conference.  Please contact Pam at 888-838-7773 or ADFP@DivorceAndFinance.org if you have any questions:

 

1. The material presented at the conference will not be state or province specific.  Some of the content, for example tax presentations, will be U.S. specific, but the majority of the content should be issue- rather than geographically-oriented and should therefore be of value to practitioners from both Canada and the United States.  Anyone interested in starting a Canadian chapter should please contact Pam.  We are strongly committed to Canadian practitioners joining the ADFP family and helping mold the future of our profession.

 

2. If anyone is interested in room sharing, please let Pam know.  We will do our best to help you out.

 

3. Airport Transportation - The most cost-effective way to travel from John F. Kennedy or Laguardia airport to Rye Brook is to take the Red Dot Airport Shuttle to the Ryetown Hilton.  The cost is about $58 + gratuity each way.  To make reservations, call 1-800-673-3368.   The Ryetown Hilton is about 4 miles from the Doral Arrowwood.  To hire a taxi from the Ryetown Hilton to the Doral Arrowwood, call Rye Brook Cab and Airport Service (914-939-0007).  The cost is $10 + gratuity.  They need about a 10 minute lead time. 

 

You may take the shuttle (and taxi) back to your airport at the same rates.  Alternatively, if some of you can  return in groups (you will be able to sign up for this at the registration desk), we may be able to arrange more convenient and comfortable door-to-door return service with Red Dot, using vans or limousines, at a reduced individual cost (best of both worlds).

 

Another alternative would be to rent a car at the airport.  The cost on Hotwire.com is about $55/day from either JFK or LGA (you should check to see if there are any additional charges).  If you wish, we will try to help you with identifying carpoolers in both directions. 

 

If you are flying in and out of Westchester airport, the hotel maintains a free shuttle service back and forth to the airport.  You should check with the hotel for further details.

 

4. Continuing education for CFPs:  ADFP is an approved provider of continuing education programs for CFPs.  Participants who attend both the University and the Conference can earn up to 22 CFP CEU.

 

5. A few people have registered for ADFP University (September 20) and have made hotel reservations starting that same day.  ADFP University courses begin at 8:30 am September 20th.  A timed agenda will sent to you shortly.  To ensure that your travel arrangements do not conflict with your course preferences, it may be best to arrive at the hotel Wednesday, September 19th and settle in before University day.

 

6. Some courses have been added to the ADFP University lineup and some more detailed descriptions have been added.  If you would like to do so, you can send Pam changes to your preferences now.  Alternatively, you can decide the actual courses you will be taking on University day.  To get proper credit, please make sure to sign in and out of each course you attend.

 

Conference Education Credits

 

 Conference Education Credits

 

Once again, continuing education credits will be offered for CFP, CPA/EA and CDFA designees who attend our Annual Conference in September (see the Association website for details).   The specific number of credits for each designation is still to be determined, but ample credits should be available to all attendees, not only for the two-day conference, but also for ADFP University Day.

 

As before, those requesting and earning CFP CE credits will have their credits automatically reported to the CFP Board of Standards after the conference is completed.   CPA's and EA's will be happy to know that they may receive their CPE certificates immediately at the conference upon completion of the attendance sheets and evaluation forms. Those looking to earn CDFA CE credits will have their credits reported directly to the IDFA by ADFP, instead of the designee having to report the earned credits themselves.

 

Conference attendees should be aware they will need to complete attendance sign-in/out sheets in order to earn their credits.   This year, a "CE Headquarters" table will be available for workshop attendees to complete this requirement. We hope these enhancements will make the CE credit process much smoother and more convenient for all attendees.  

 

 

ADFP University Agenda

 

ADFP University Schedule

 

Important Notice: Below is a detailed agenda for ADFP University. If you haven't registered for ADFP University, AND you registered as an Early Bird for the conference, you may add ADFP University courses to your registration at Early Bird rates. To do so, call Pam Humbert at 888-838-7773. There are also a very limited number of hotel rooms still available for the conference should you wish to extend your stay.

 

More detailed information about courses and conference workshops can be found in the Conference Book, which will be given to you electronically.

 

You will not need to make course selections until ADFP University day. However, to obtain CE credits, you will need to sign in and out of each of your sessions. With the following exceptions, we anticipate courses will provide 2.0 credits for CDFAs, CFPs and CPAs (CPAS should check with their individual states to confirm approval of NASBA-approved courses).

 

The following courses are not eligible for CE for CFPs: Family Law Software workshops, Build and Grow Your Divorce Practice.

 

8:30 - 10:10

 

How to Divide the Retirement Assets: QDROs, DROs and COAPS - Robert Guarnera, MSPA, FCA, MAAA, EA, CPC, President, Pension Actuaries, Inc.

Critical Divorce Strategies for Families with Special Needs - Mary Anne Elhert, CFP®, Founder, Protected Tomorrows

Why Long Term Care Insurance is Critical in Divorce Planning - Natalie Karp, CLTC, MBA and Rona Loshak, CLTC, MBA, Karp Loshak LTC Insurance Solutions

 

10:30 - 12:10

 

Why Long Term Care Insurance is Critical in Divorce Planning - Natalie Karp, CLTC, MBA and Rona Loshak, CLTC, MBA, Karp Loshak LTC Insurance Solutions

Build and Grow Your Divorce Practice - Rosemary Frank, MBA, CDFA™

Anatomy of a Tax Return, Peggy Tracy, CFE, CDFA™

 

1:00 - 2:40

 

Build and Grow Your Divorce Practice - Rosemary Frank, MBA, CDFA™

Dividing Nonqualified Retirement/Executive Benefits and Military Pensions in a Divorce - Linda Ursin, JD, CLU.

The Bankruptcy Abuse Prevention and Consumer Protection Act and its Impact on Family Law - Amanda S. Trigg, Esq., Partner, Lesnevich & Marzano-Lesnevich, LLC

 

3:00 - 4:40

 

Critical Divorce Strategies for Families with Special Needs - Mary Anne Elhert, CFP®, Founder, Protected Tomorrows

Divorce and Estate Planning Issues - Laura Weintraub Beck, Esq., Principal, Cummings and Lockwood LLC

Family Law Software Workshop: Tax-Effected Property Division: Don't Just Talk About It, Do It! - Dan Caine, JD, MBA, President, Family Law Software

 

5:00 - 6:40

 

Family Law Software Workshop: The Four Horsemen of Alimony Needed - Dan Caine, JD, MBA, President, Family Law Software

Anatomy of a Tax Return - Peggy Tracy, CFE, CDFA™

Gray Divorce - Lili Vasileff, CFP®, CDFA™

 

*******************************

  

Anatomy of a Tax Return - Peggy Tracy, CFE, CDFA™

 

This seminar provides a framework to read a tax return for content and investigative purposes. Tax returns are more than just a collection of numbers. They are a historical representation of all the income and allowable expenses for a given year. As such, individual, trust, corporate and partnership tax returns are my primary investigative tools when doing forensic accounting for a divorcing family and looking for hidden or missing accounts or assets. Consistency and transparency are key principals when reviewing returns - any deviation must be explained.

 

The Bankruptcy Abuse Prevention and Consumer Protection Act and Its Impact on Family Law - Amanda S. Trigg, Esq.,

Partner, Lesnevich & Marzano-Lesnevich, LLC

 

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was passed into law and became effective on October 17, 2005. The law had a dramatic effect on many aspects of bankruptcy and also impacted family law proceedings in a number of different areas. This presentation will provide an overview of the different bankruptcy chapters and highlight the areas where the BAPCPA provided changes that impacted family law proceedings. In addition, this presentation will discuss the role of family law practitioners in protecting their clients' best interests in light of the changes brought about by the BAPCPA.

 

Build and Grow Your Divorce Practice - Rosemary Frank, MBA, CDFA™

 

Description to be posted in Conference Book.

 

Critical Divorce Strategies for Families with Special Needs - Mary Anne Elhert, CFP®, Founder, Protected Tomorrows

 

Statistics show that 20 percent of the U.S. population is affected by special needs. While the divorce rate among families with special needs is often a topic of great debate, there is one fact that remains certain: the complexity of a divorce proceeding increases exponentially when working with families with special needs. Knowing how to handle financial planning for families with special needs at the onset of a divorce process will help to ensure that the future of the family member with special needs is considered in all aspects of the negotiations, including child support, alimony, and custodial decisions including guardianship. Attend this session to find out how child support and alimony can adversely affect eligibility of potential government benefits; how to preserve assets with the use of special needs trusts; and how to address conflicts related to quantifying future care needs and selecting future trustees. Mary Anne Ehlert will help you understand the importance of addressing these issues early in the process and how to ensure that a family member with special needs is not overlooked.

 

Dividing Nonqualified Retirement/Executive Benefits and Military Pensions in a Divorce - Linda Ursin, JD, CLU.

 

Nonqualified retirement benefits and stock options (NSOs and ISOs) can be some of the most valuable assets available for division in a divorce. This intensive seminar will help you identify these marital assets, understand complex distribution rules and tax ramifications, and determine when a QDRO can be used and taxation issues when it cannot.

 

The division of military pensions involves complex rules that must be understood in order to effectively divide these benefits. The seminar will address reserve vs. active duty, how to determine benefit amounts, the 10-year rule, the Survivor Benefit Plan (SBP) and who pays for it, and alternative ways to calculate the marital fraction.

 

Divorce and Estate Planning Issues - Laura Weintraub Beck, Esq., Principal, Cummings and Lockwood LLC

 

In this course, Laura Beck will cover the basics of estate and gift taxation and estate planning and how they are affected by marriage and divorce. Laura will discuss unwinding estate plans put in place prior to divorce, addressing post-divorce estate planning issues and leveraging tax exemptions as part of the divorce process.

 

Family Law Software Workshop: The Four Horsemen of Alimony Needed - Dan Caine, JD, MBA, President, Family Law Software

 

As a divorce financial planner, a critical part of your presentation typically involves scenarios with respect to future cash flows.  In particular, you are often demonstrating the impact of different levels of spousal support and seeking a "fair" or "reasonable" level of spousal support. This seminar will explore four different approaches to setting a spousal support level and will explore the pros and cons of each. It will also show how to ask "what if" with other key decision factors, including child support, potential wages, filing status and tax exemptions.

 

Family Law Software Workshop: Tax-Effected Property Division: Don't Just Talk About It, Do It! - Dan Caine, JD, MBA, President, Family Law Software

 

Tax-effected property division.  People talk a lot about dividing assets on a tax-effected basis. But few people are actually doing this in practice. And those who are attempting it may not be doing it correctly.   Software can help with the calculations, but there are still a lot of variables and a lot of judgment involved.  This seminar will help you take your practice to the next level of sophistication by working through a case, showing how to value several asset types on an after-tax basis.  

 

Gray Divorce - Lili Vasileff, CFP®, CDFA™

 

Most divorcing Boomers nearing retirement age will likely not have enough money to live as well as they had during their marriage years. Most advisors already face the disturbing prospect of telling their clients they may outlive retirement income. Dividing a marital estate just on the cusp of these years makes the primacy of the retirement income issue even greater. Adding to this the threat of "penalizing" divorced Boomers if they remarry or sometimes cohabit, makes divorce financial planning during divorce an imperative for creative problem solving.

 

How to Divide the Retirement Assets: QDROs, DROs and COAPS - Robert Guarnera, MSPA, FCA, MAAA, EA, CPC, President, Pension Actuaries, Inc.

 

Do you know the difference between a QDRO and a DRO, a separate interest vs. a shared interest Order, death benefits vs. survivor benefits, traditional pension vs. cash balance pension, the various methods of allocating investment earnings/losses? If any of these decisions are giving you a headache, this session will provide the aspirin and answers.

 

                                                                                            

Why Long Term Care Insurance is Critical in Divorce Planning - Natalie Karp, CLTC, MBA and Rona Loshak, CLTC, MBA, Karp Loshak LTC Insurance Solutions

 

Do your clients have adult children they want to protect from the likely burden of long term care issues? Do they have pre-nups they want to protect as they are not protected for LTC expenses? Do your clients want to ease the complicated issues of a blended family when long term care issues arise? Do they want to preserve a 25% marital discount that stays with their policy? Do they have a lump sum they can put into a Life/LTC hybrid plan for family protection? Do they want to remain independent and have dignity and freedom of care choices in later years? Do they have businesses where they can use the generous federal deductions for premium payment?    

 

This course will discuss the likely need for long term care, cost of care, the myth of self-insuring for these costs, the economics of LTC Insurance, health qualifying, changing LTC landscape, new plan designs, tax treatment of premiums and benefits and women's issues.

 

Association of Divorce Financial Planners

 

C/O Pam Humbert

514 Fourth Street
East Northport, New York 11731

 

888-838-7773


 
www.divorceandfinance.org