About this Event
Join us for two days of curated sessions* on fundamental business valuation, accounting, and tax aspects applicable to family law.
As Chartered Business Valuators, we are uniquely qualified to walk you through the basics of income calculations, business valuations, net family property, personal/ corporate income tax, and more!
This premier event offers family law lawyers an invaluable classroom setting experience in which to comprehend common and complex financial dimensions in family law cases. The FFFL aims to serve as an exceptional introduction for lawyers to familiarize themselves with the financial underpinnings of the field while also providing a comprehensive refresher for seasoned practitioners.
Per the Law Society of Ontario, FFFL qualifies as Substantive Hours to help fulfill your Continuing Professional Development Requirement.
*Food and beverages to be provided both days, along with an after-conference cocktail hour on the first day.
Schedule and Course Descriptions:
Day One (9:00 am - 4:00pm, with cocktail hour after)
Chartered Business Valuators: Role of the CBV Expert and Types of Reports
This course explores the essential role of Chartered Business Valuators (CBVs) in Family Law. Participants will learn about the expertise CBVs bring to financial analysis and valuation in legal contexts. The course covers various report types CBVs prepare, including business valuations, income calculations, and contingent costs of disposition. Additionally, participants will learn when to involve a CBV and the range of services they provide, equipping them with the knowledge to effectively utilize CBV expertise in client representation.
Personal Income Tax Returns: A Comprehensive Walkthrough
This course offers Family Law lawyers an in-depth walkthrough of personal income tax returns. Participants will gain a thorough understanding of how to analyze and interpret personal income tax documents, identify critical financial information, and uncover hidden income or assets. The course will cover key tax concepts, common issues in Family Law cases, and practical tips for effectively using tax returns in legal proceedings. This comprehensive training will enhance lawyers' ability to represent clients with complex financial situations.
Executive Compensation (RSUs, Options, Etc.): Valuation Issues in Family Law
This course provides Family Law lawyers with a detailed exploration of executive compensation, including Restricted Stock Units (RSUs), stock options, and other complex compensation structures. The course will cover the unique challenges and valuation issues associated with these types of compensation in Family Law cases. Participants will learn how Chartered Business Valuators (CBVs) accurately assess the value of executive compensation, understand the financial implications for net family property and support calculations, and apply this knowledge effectively in client representation.
Income for Support Calculations: Detailed Walkthrough of a Guideline Income Calculation
This course offers Family Law lawyers a comprehensive walkthrough of Guideline income calculations for support purposes. Participants will gain an in-depth understanding of how to accurately determine income for spousal and child support. The course will cover the analysis of various income sources, adjustments for tax implications, and the handling of complex financial situations. Through detailed examples and practical guidance, lawyers will learn to navigate the intricacies of support calculations, and apply this knowledge effectively in client representation.
Day Two (9:00 am to 4:00 pm)
Calculate Net Family Property: Form 13.1 The Devil is in the Details
This course provides Family Law lawyers with a walkthrough of calculating net family property using Form 13.1. Participants will delve into the complexities and nuances of accurately assessing net family property, learning to identify and address potential pitfalls and hidden details. The course will cover the valuation of assets and liabilities, the treatment of excluded property, and the impact of date-of-marriage deductions. Lawyers will gain practical insights and detailed guidance to ensure precise and thorough net family property calculations in their cases.
The Basics: How to Read Corporate Financial Statements
This course equips Family Law lawyers with the essential skills to read and interpret corporate financial statements. Participants will learn the basics of financial statement analysis, including understanding balance sheets, income statements, and cash flow statements. The course will cover key financial indicators, common accounting terms, and how to identify relevant financial information for Family Law cases. By the end of the course, lawyers will be able to better understand corporate financial statements in order to support their client representation in cases involving business interests.
Introduction to Business Valuations
This course provides Family Law lawyers with a foundational understanding of business valuations. Participants will learn the basic principles and methodologies used to value businesses, including income, market, and asset-based approaches. The course will cover key factors influencing business value, common challenges in business valuation, and the application of valuation concepts in Family Law cases. By the end of the course, lawyers will have the essential knowledge to interpret and utilize business valuations effectively in their client representation.
Corporate Income Tax Returns: A Comprehensive Walkthrough
This course offers Family Law lawyers an in-depth walkthrough of corporate income tax returns. Participants will learn how to analyze and interpret corporate tax documents to uncover critical financial information. The course will cover key tax concepts, the structure of corporate tax returns, and common issues that arise in Family Law cases. Through practical examples and detailed guidance, lawyers will gain the skills needed to enhance their ability to represent clients with complex financial situations.
Event Venue & Nearby Stays
The Conference Centre at the OBA, 20 Toronto Street, Toronto, Canada
CAD 902.87
