The Many Meanings of Money:
A Workshop Mediating Financial Issues in High Asset Divorce
Applying facilitative mediation skills and techniques to a high asset couple dealing with their financial and property settlements present a bit of a conundrum, especially for those couples residing in the equitable distribution states. This workshop is intended to offer guidance, what the mediator needs to know, ask, and how to frame financial and property distribution issues, in order to assist the high asset couple develop an equitable financial and property settlement.
Money means so many different things to people. Yet, what is this “thing” we call money. How can the mediator even fain to assist the couple as they develop a financial and property settlement without a clear understanding of how money works, what it can do, and how to determine what it means to each individual in the room. Do you speak the language of money?
This is an advanced master class for mediators. You will have taken 40-hours of basic mediation and/or divorce mediation training. An advanced 20-hours training in property mediation would be helpful although not required for this workshop. This workshop is recommended for those family and divorce mediators interested in going to the next level: Mediating high asset cases.
Topics will include, but are not limited to:
- 1. Money as fungible, a store of value: Salt, spices, and gold
- 2. “Transactional” cash and electronic currencies: Bitcoin and blockchain-hybrid
- 3. Asset classes: Tangible and Intangible
- 4. Personalities types, education, and culture: How each relates to their money
- 5. Framing financial values associated with Tangible assets
- 6. Framing financial values associated with Intangible assets
- 7. Out-of-state, community property and international asset holdings
- 8. Considering family owned business assets and values
- 9. Understanding Form 1040, Schedules E, D, and C
- 10. Investment fees, costs to carry, negative interest rates and the inheritance
- 11. Insurance and derivative financial assets
- 12. Understanding the estate plan and situational trusts: Special Needs
- 13. Understanding pensions under ERISA, OPM, and the Military: QDROs, Court Orders, and the Bangs Distribution
Each 2-hour workshop will run on two consecutive Saturday mornings, from 10:00 until noon, August 13 and August 20. The workshops will be held in Rockville, 1 Preserve Parkway, Suite 120 in the main conference room. Street parking is free; guest parking for a fee is located adjacent to the building.
Class size is limited to 8 participants on a first come first serve basis. Coffee, hot tea, cold bottled water and soft drinks as well as candy are made available at no charge.
Registration and payment in full must be received at least two-weeks prior to the start of the first two-hour workshop, by July 23. Upon receipt of your registration and payment you will receive via e-mail various links to financial calculator websites and proprietary spreadsheet templates.
Cost for the two sessions is $150.00 for MCDR members, $250.00 for non-members. Non-members will also receive with their paid registration a one-year membership in MCDR.
Since 2008 Barry M. Weissman CDFA™, Certified Divorce Financial Analyst, has been Principal and Owner of Barry M. Weissman & Associates, d.b.a. The Financials of Divorce: Marriage and Family Mediation. For 30 years prior, Mr. Weissman was a fee-only financial advisor and estate planner. Prior to that Mr. Weissman was Series 7 licensed as a registered representative; his U-4 is found on the SEC website. Mr. Weissman did not renew his Series 7 and license in Life & Health Insurance in the late 1980s. His C.V. is offered on LinkedIn. For directions and more information please visit www.TheFinancialsofDivorce.com
To register please respond to Barry Weissman with the following information:
Name:
Address:
Address:
E-mail: Phone:
Description of Practice:
Please Note: In order to complete your registration you must mail your check at least two weeks in advance to: Barry M. Weissman, 10401 Grosvenor Place #1102, Rockville (North Bethesda), MD 20852
Cancellations: A full refund will be made with one week's notice of your need to cancel. Please allow two weeks to receive your refund. E-mail: Barry@FinancialsofDivorce.com
