On Demand Audio

High Net Worth Divorce in Illinois

(53 reviews)

Produced on July 21, 2020

Taught by
$ 89 Family & Matrimonial In Stock
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Course Information

Time 1h 2m
Difficulty Intermediate
Topics covered in this course: Family & Matrimonial

Course Description

For family law practitioners, financially severing a high net worth couple can be incredibly mentally engaging. This type of case pulls on all your areas of experience and stretches your knowledge of the financial world - but working with a balance sheet of hundreds of thousands or millions of dollars can also be intimidating. At the end of the day, a dissolution advocate must ensure that their client is not financially injured by the split of the divorcing couple’s assets and debts. This requires a high level of care and attention to detail as you are working through the case. This course will provide a checklist of considerations and items to investigate as you are helping a high net worth client disentangle from their partner. 

Some of the topics that will be discussed are: inheritances, liquidations, gifts from parents, business valuations, capitalization, the years purchased method and discounted future earnings method, finding hidden money, investigating tax returns, income verification, QDRO’s, conservative vs risky investments, appreciating, depreciating, and tax-advantaged assets, retirement savings, maintenance and child support calculations, and more. 



Learning Objectives:

  1. Discuss what are - and are not - marital assets
  2. Sort through years of financial paperwork to analyze income, assets, inheritance, and more
  3. Identify what kinds of assets and liabilities are more useful for your client
  4. Effectively utilize financial planners and accountants during negotiations 

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .

Faculty

Linda J. Watson

Watson Law

Linda is a dynamic attorney who currently focuses her practice in criminal and family law. She helps those who have been wrongfully stopped or detained enforce their constitutional rights. Linda has been successful in suppressing wrongfully obtained evidence and knows how to obtain hard to get evidence. She focuses her family law practice on helping families create a healthy flow between households and quality communication between families. Linda is not afraid to make sure that children are always protected, by obtaining court ordered alcohol and drug treatments of parents and ensuring that parents follow strict appropriate codes of conduct and minimize the effect of a parent’s separation on children. Her solutions are creative and unique, often finding resolutions outside the box, specific to each client’s needs.

Prior to founding and building Watson Law in 2010, Linda was an assistant state’s attorney for nearly seven years, prosecuting everything from murder to traffic. She enjoys teaching continuing legal education both locally and nationally to other lawyers in such areas as digital forensic evidence and children’s hearsay statements admissibility. Ms. Watson has had a number of cases succeed at the Appellate level, having been published several times on new and novel issues including the use of Google Maps as probable cause, second seizure traffic stops, and complex child support issues.

In her spare time, Linda enjoys spending time with her husband of many years, and their teenage son.  She is passionate in pursuing traveling, photography, reading, hiking, and learning a second language.



Reviews

CB
Clarence B.

Very well done, organized and packed with information.

CE
Catherine E.

Very excellent presentation which gave a good overview of this area of the law

JH
Jordan H.

The presenter was very knowledgeable and had great written material.

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