On Thursday, September 30 from 9:00Am to 10:45AM, Charles S. Lunden, CPA/CFF, ABV, CFE, CMA, CLU, FLMI, CGMA will present during a virtual CLE hosted by the Essex County Bar Association titled, Valuation, the Practice of Law and the Business of Running a Law Firm in a Post-COVID-19 Economy.

The seminar will provide a discussion of the impact of the COVID -19 economic downturn on ADR, the business of law, valuations and property division in divorce. It will focus on external factors considered in valuing assets during the downturn, including four main assets and the associated issues facing practitioners in managing clients’ expectations.

• Real Estate – How do we determine the true value of a home?  Due to court delays, will re-appraisals be necessary?
• Retirement Assets and Investment Portfolios– Risk sharing
• Retirement Account Provisions- CARES Act provision lifting tax penalty for early withdrawal, and those who qualify
• Business interests – What do global shutdowns mean to cases?  Titled clients wanting updates to business valuations; while non-titled are opposed; how long will it take for a “new normal” that can be reliable, How to determine a business’ long term prospects

Mr. Lunden will present facts and insights relating to the effects of COVID-19 on business valuation.

Other presenters include Judge Michael Casale (ret.) of Greenbaum, Rowe, Smith and Davis LLP and Patricia Barbarito, Esq. of Einhorn, Barbarito, Frost and Botwinick PC.