These are uncharted and unsettling times. The long-term impact of the Coronavirus on the valuation of stock portfolios, businesses, real estate, and retirement plans is unknown. Uncertainty about a business's survival prospects, a client's job security, and the efficacy of the governmental bail out plans can be overwhelming. How does this volatility impact divorce settlement agreements? Should assets be re-appraised, and if so, when and how?
Lisa Sharpe and Karen Platt, ABA family law attorneys and co-chairs of the Marital Property Committee, and Barry Sziklay, CPA, ABV, CFF, PFS (nationally recognized valuation and litigation support expert) discuss client education, understanding cost basis, offsetting assets and risk sharing in the divorce settlement agreements.