Faculty Member: Peggy L. Tracy, Certified Fraud Examiner, Certified Divorce Financial Analyst®, Certified Financial Planner®
Facilitator: Diana Shepherd, CDFA®, Editorial Director and Co-Founder of Divorce Magazine
If you suspect your spouse of marital fraud or hiding assets during your divorce, there are important steps that can be taken to prevent your spouse from stealing your future. Learn about the warning signs and how to stop fraud in its tracks. More
Peggy L. Tracy is the owner of Priority Planning, LLC, a tax preparation and financial services practice in Wheaton, IL. A Certified Fraud Examiner and Certified Divorce Financial Analyst, she focuses on forensic accounting for divorcing clients.
What you will learn from this video session: “Fraud and Divorce: Is Your Spouse Stealing Your Future?”
This session will:
- discuss specific types of fraud that apply to divorcing couples
- examine situations that could make committing fraud easier than others
- talk about the warning signs that a spouse may have committed financial fraud in a marriage
- explain how to find missing assets
- offer tips on what steps to take to protect your financial future
- discuss marital fraud prevention and remediation
- explain the “fraud triangle”, which consists of:
- Opportunity. The person perceives an opportunity to commit an indiscretion without being caught.
- Pressure. The social or financial motive – a problem the perpetrator believes he/she cannot share with anyone.
- Rationalization. The rationalization is necessary so the individual can maintain his/her self-concept as a good or honest person who was caught up in a bad set of circumstances.
In order to meet cash flow needs, there are three sources of money that may be available to you as a result of your divorce: spousal support, child support, and marital property. This session offers a general overview of how spousal support is supposed to work – including the factors influencing amount and duration of spousal support payable or receivable, and the tax issues of spousal support. More
As someone with a high net worth going through divorce, it’s important to work with a financial professional who has experience in working with high-net-worth clients. Learn about the issues and opportunities that you may come across during the divorce process that will affect your financial future. More
Stress levels increase when one starts considering divorce, going through a divorce, or having to co-parent with an unreasonable ex. How we handle stress and anxiety can impact our children and loved ones, so it’s important to understand the underlying causes of these emotions and how to stay in control. More