The Many Meanings of Money:
An Advanced Workshop in Property Mediation for Higher Asset Individuals:
Real Estate Holdings, Small Business Assets, and Financial Issues
(Thursday April 4 and Friday April 5)
Applying Facilitative mediation skills and techniques to those several issues of high asset individuals and married couples going through divorce present an interesting challenge. This workshop intends to offer guidance, what the mediator needs to know, ask, and how to frame financial and property conflicts in order to assist high asset individuals develop a reasonable and equitable financial and/or real property settlement. Cultural issues aside for the moment, many high asset individuals residing in this tri-state region have business holdings and interests, real estate properties, bank accounts and financial interests across the USA and for that matter, the world.
The concept of "Money" means many different things to people, including high asset individuals and couples. Gender, age, culture also play a significant role. For the mediator finding themselves participating in a high asset conflict, the question becomes, "What is this “thing” called money? Can you speak the "language" of money? What is the difference between money and currency. What is "Blockchain"? "Cryptocurrency"? "Arbitrage"? "DAPT"? or FAPT"? What are Stocks, Bonds, and Derivatives? As mediators, in order to communicate with this client we need to know how to speak the language of high asset individuals. You might find surprising this language applies to our personal finances as well: Annuities, Pension Plans, Mortgages, Auto Loans and Credit Cards. We have all heard of these things; many of us have these things. Have you read the fine print and footnotes?
This Workshop is an advanced Master Class for mediators practicing Facilitative and/or Evaluative mediation. You will have taken 40-hours of basic mediation and/or divorce mediation training. An advanced 20-hours training in property mediation would be very helpful although not required for this workshop. This workshop is recommended for those mediators interested in going to the next level: Mediating those higher asset cases.
Topics will include, but are not limited to:
- 1. Money as fungible, a store of value: Salt, spices, and gold
- 2. “Transactional” cash and electronic currencies: Bitcoin and blockchain-hybrid
- 3. Asset classes: Tangible and Intangible
- 4. Personalities types, education, gender and culture: How each relates to their money
- 5. Framing financial issues associated with Tangible assets
- 6. Framing financial issues associated with Intangible assets
- 7. Out-of-state and international asset holdings
- 8. Considering family owned business assets and values
- 9. Understanding Form 1040, Schedules E, D, and C
- 10. Investment fees, costs to carry, negative interest rates and the inheritance
- 11. Insurance and derivative financial assets
- 12. Understanding the estate plan and situational trusts: Special Needs, DAPT & FAPT
- 13. Understanding regulated pensions under ERISA, OPM, and the Military
Each 2-hour workshop will run on two consecutive days, two hours each day. Depending upon availability and participants' convenience, the workshops will be held either in the main conference room of XML Financial Group, 1 Preserve Parkway, Suite 120, Rockville, at the JCECC in Annapolis, an office in Columbia, or an office in Annapolis. In Rockville, street parking is free; guest parking at the Rockville location is available for a fee.
Class size is limited to 7 participants on a paid, first come first serve basis. Coffee, hot tea, cold bottled water and soft drinks as well as healthy snacks are made available in Rockville at no charge.
To guarantee a seat your registration and payment in full must be received at least two-weeks prior to the start of the first two-hour session.
Cost for the two sessions is $150.00 for MCDR members, $200.00 for non-members. Non-members will also receive with their paid registration a one-year membership in MCDR. A certificate for 4 hours of ADR related C.E. will be issued to participants at the end of the workshop.
This course is intended to satisfy continuing education requirements as set forth in MD Rule 17-205, Qualifications for Court Designated Mediators, (a) (5): Complete in each calendar year four hours of continuing mediation-related education in one or more of the topics set forth in Rule 17-104, (a) (b).
Please make your check out to Barry Weissman and mail to:
Maryland Council for Dispute Resolution
Attn: Treasurer
10319 Westlake Drive, Suite 247
Bethesda, MD 20817
Since 2008 Barry M. Weissman CDFA™, Certified Divorce Financial Analyst, has been Principal and Owner of Barry M. Weissman & Associates, d.b.a. The Financials of Divorce: Marriage and Family Mediation. For 30 years prior, Mr. Weissman was a fee-only financial advisor and estate planner. Prior to that Mr. Weissman was Series 7 licensed as a registered representative; his U-4 can be found on the SEC website. Mr. Weissman did not renew his Series 7 and license in Life & Health Insurance in the late 1980s. His C.V. is offered on LinkedIn where you are invited to connect. For directions and more information please visit www.TheFinancialsofDivorce.com
Cancellations: A full refund will be made with one week's notice of your need to cancel. Please allow two weeks to receive your refund. E-Mail: Barry@FinanacialsofDivorce.com
For more information or if you have any questions please call: (314) 223-2661
