Approved for 1 CDFA & CFP CE Credit
This presentation will provide knowledge on Sudden Income Deficit Syndrome; a tactic some small business owners use to manipulate financial records during divorce proceedings. Throughout this presentation, you will learn how some business owners underreport income, protect assets, and reduce their financial obligations. We’ll explore some common methods used to disguise income. You will also be introduced to strategies for managing this financial intricacy in divorce, as well as how to support clients in protecting their interests. A cutting focus will be recognizing these tactics early and learning how to conduct thorough investigations to uncover hidden financial activity. By the end of the presentation, you will be provided with the tools to identify SIDS, understand financial manipulation, and implement legal and financial recourse to ensure fair settlements.
Learning Objectives:
- Gain a clear understanding of Sudden Income Deficit Syndrome (SIDS) and it’s use in financial manipulation during divorce.
- Identify red flags that imply income is being hidden, including inconsistencies between reported earnings and lifestyle.
- Learn how to apply forensic investigative techniques to uncover hidden assets, underreported income, and false financial reporting.
- Develop strategies for legal and financial recourse to ensure a fair and equitable divorce settlement, protecting clients’ financial interests.
- Understand the tools and resources available to support forensic investigations, and the role of financial experts in the divorce process.
- Teacher: Julian Terry