“Financial Planning Considerations for Family Law Practitioners” presented by Andrew Hoffman, CFP, CDFA and Sheri Bankston, CPA, CDFA. 22nd JDC Presentation When: Friday, June 3, 20223:30-4:30 PMWhere: Beau Chene Country Club602 N Beau Chene DriveMandeville, LA 70471Part of 7 hours of CLE, including Family Law Specialization Credit and Professionalism. To register for this event, visit … [Read more...] about Financial Planning Considerations for Family Law Practitioners – CLE Presentation
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The Value of a CPA in a Divorce
Divorce is a complex process full of emotion and uncertainty. Achieving an equitable settlement can be a challenge for couples with unique financial situations, especially in cases where one spouse is unfamiliar with the family finances. A Certified Public Accountant (CPA) can offer objectivity and independence while providing the expertise needed to arrive at a settlement that protects the short- … [Read more...] about The Value of a CPA in a Divorce
Divorce Tax Curveballs
Couples going through a divorce know that change is inevitable and planning essential, especially when it comes to finances. With tax laws constantly changing, many are caught by surprise when they file their first post-divorce tax return, only to realize they failed to consider an important tax item. Below are a few tax curveballs you could encounter in your first post-divorce return. … [Read more...] about Divorce Tax Curveballs
Sheri Bankston CPA Provides Divorce Financial Services with Hoffman Divorce Strategies
[New Orleans, LA] – Hoffman Divorce Strategies is pleased to announce that staff member Sheri Bankston has reactivated her license as a Certified Public Accountant. “Reactivating Sheri’s CPA license is an additional demonstration of Sheri’s expertise in financial matters,” said Andrew Hoffman, President at Hoffman Divorce Strategies. “She brings an even greater skillset to … [Read more...] about Sheri Bankston CPA Provides Divorce Financial Services with Hoffman Divorce Strategies
Half a Century of Federal Ten Year Rules in Divorce
The Federal Government seems to like ten-year rules. Here is a half century (or five ten-year rules!) for family law practitioners to consider when negotiating the division of a community or support during a divorce in Louisiana. 1. Social Security Spousal Benefits According to the Social Security Administration, the average retirement beneficiary receives 40% of their retirement … [Read more...] about Half a Century of Federal Ten Year Rules in Divorce
Divorce Tsunami
After Hurricane Ida cut a path of destruction through Louisiana, family law attorneys had to answer special financial questions when preparing community property partitions and support agreements while their clients clean up and suffer with liquidity concerns. We have worked with family law attorneys and their clients since 1999, through several hurricanes, and are experienced in the … [Read more...] about Divorce Tsunami
Cryptocurrency: The New Reality in Divorce
Besides Bitcoin, Ethereum, and Litecoin, there are over 10,000 types of cryptocurrencies on the market today. In its 2021 State of U.S. Crypto Report, the cryptocurrency exchange Gemini stated that 21.2 million U.S. adults (or 14% of the US population) currently own cryptocurrency and that another fifty million will invest in cryptocurrency within the next year. With statistics like these, it is … [Read more...] about Cryptocurrency: The New Reality in Divorce
Surviving Your First Post-Divorce Tax Return
Whether you’re seeking intaxification, (the nice feeling when you receive a tax refund, until you realize it was your own money), or are just trying to finish your return, here are some tips to get you through the extended 2021 tax filing season. While Hoffman Divorce Strategies does not prepare tax returns or give tax advice here are some helpful tips. Get Professional Help If … [Read more...] about Surviving Your First Post-Divorce Tax Return