Using Housing Wealth to Facilitate Asset Division in “Silver Divorce”

Webinar Qualifies For

• 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
• 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
• 1 CPD Credit of Special situations (Housing, Divorce, Household employees) for Personal Financial Specialist (PFS)
• 1 PL Credit of Finance for Chartered Financial Analyst (CFA)
• 1 CE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
• 1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
• 1 CPD Credit for Trust and Estate Practitioners (TEP)
• 1 CE Credit of Financial Planning for Certified Wealth Strategist (CWS)
• 1 CE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
• 1 CE Credit of Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS)
• 1 CE Credit of Financial Planning for Financial Services Certified Professional (FSCP)
• 1 CE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
• 1 CE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
• 1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
• 1 PL Credit of Finance for CIPM
• 1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
• 1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)
• 1 CE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)

About Instructor

Barry Sacks, J.D., Ph.D.

, Barry Sacks

Barry H. Sacks, PhD, JD, a member of the California State Bar, is a tax attorney specializing in pension law. He is a 1973 graduate of Harvard Law School.  Since 1974, with the enactment of ERISA (the pension reform law), he has practiced almost exclusively in the area of retirement plan law.  He has been certified as a specialist in taxation law since 1980 by the California Board of Legal Specialization. For the past ten years, he has been listed in the peer-selected “Best Lawyers in America”.  In 2015, Mr. Sacks was designated as Best Lawyers’ “Lawyer of the Year” in the field of retirement plan law for the San Francisco Bay area.  In addition, he holds a Ph.D. in theoretical physics from MIT, where he completed a doctoral dissertation that involved substantial mathematical modeling.  

He published the pioneering research paper modeling the use of reverse mortgage credit lines to mitigate the effects of adverse sequences of investment returns in retirement accounts (Journal of Financial Planning, February, 2012).  The retirement income strategy described in the Journal of Financial Planning article has been granted 2 patents. He published a sequel to this paper in the October, 2017 issue of the Journal of Financial Planning, expanding the range of application of the strategy. In 2016, he published an article in the Journal of Taxation (“Recovering a Lost Deduction”) on the income tax deduction for interest accrued on reverse mortgages. While developing his model for the use of reverse mortgages in retirement income planning, Mr. Sacks became aware of other needs of retirees (or soon-to-be retirees), including those who are moving to new homes and those who are in the process of divorce.  As a result, he has published papers demonstrating various uses of reverse mortgages to address these retirees’ needs.

In the earlier part of his career, Mr. Sacks spoke frequently at California Continuing Education of the Bar presentations and at advance tax seminars as a visiting lecturer at U.C. Hastings College of the Law.  More recently he has spoken at various Bar Association meetings (including the Marin County Bar Association and East Bay Trusts and Estates Council) and at meetings of financial planning organizations.

Additional Information

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.