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Posts by Richard Wolf

5 Ways Attorneys Can Get Better Outcomes When Working with a Forensic Accountant

When I tell people that I’m a forensic accountant, they sometimes think of Christian Wolff, Ben Affleck’s character in the movie The Accountant. While it’s true that a forensic accountant can use their skills to investigate a company for potential...
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Digital Assets and Equitable Distribution: A Guide for Family Law Attorneys

In dissolution of marriage cases, the valuation of marital property is necessary to ensure fair equitable distribution. But before values can be placed on marital property, the property first needs to be identified. As family law attorneys know, that...
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Estate Planning Lessons from a Rock Star

When rock star Prince died on April 21, 2016, he didn’t have a will in place. This rather shocking scenario resulted in one of the most complicated probate hearings ever seen in Minnesota, Prince’s home state. Business owners and high net worth families...
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Treatment of Non-Operating Assets and Liabilities In Business Valuation: Quick Guide for Attorneys

A reliable valuation is critical in many different contexts, including private sales, divorce, litigation and estate planning — just to name a few. A frequent challenge in valuing privately-owned businesses involves the treatment of non-operating assets...
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Major Changes to Valuation Discounts on the Horizon

The Build Back Better Act (H.R. 5376) was introduced in the House of Representatives on September 27, 2021. If this bill is signed into law, it will have broad implications on estate planning, including changes to the unified credit, treatment of grantor...
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6 Common Questions Attorneys Have on Stock Options and Deferred Compensation in Divorce

When it comes to stock options and deferred compensation in divorce, attorneys typically have many questions. The division of assets in any divorce is often a complicated process, but when stock options are added to the mix, the work becomes all the more...
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