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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.-Warren BuffetIt may come as a shock to some clients to learn that there may be two or more definitions of value for the same property at the same time.-Shannon Pratt   The second edition of The Lawyer’s Business…

“Divorce, Illness, Unemployment and Overspending. These now are the harbingers of economic doom that spell the end of the ‘good life’ for so many of the economic refugees that seek relief in this ‘Court of Last Resort.'”-Rice v. Rice, 94 B.R. 617, 218 (Bankr. W. D. Mo. 1988), cited in The Family Lawyer’s Guide to Bankruptcy…

“The question isn’t at what age I want to retire, it’s at what income.”-George Foreman “After you’re older, two things are possibly more important than any others: health and money.”-Helen Gurley Brown   This is a book you should buy for your divorce and family law library. If you’re bewildered by ERISA’s strange vocabulary, you wonder…

“Price is what you pay. Value is what you get.”“Risk comes from not knowing what you’re doing.”– Warren Buffet   The ABA Section of Business Law has two resources useful to family practitioners seeking assistance with business valuation issues. The first is Financial Statement Analysis and Business Valuation for the Practical Lawyer by Robert B. Dickie, and…

“Logic is the anatomy of thought.”-John Locke   Paul Bosanac’s Litigation Logic is essentially a 486-page, annotated flow chart useful to the divorce and family law attorney. He has developed a three-page “Legal Logic Flow Chart” with a series of questions probing your opponent’s arguments in a divorce and family law trial. Each question is followed by a…

“If you aren’t in over your head, how do you know how tall you are?”-T.S. Eliot David: You’re gay for saying that.Cal: I’m gay for saying that?David: You know how I know you’re gay?Cal: How? How do you know I’m gay?David: Because you macramed yourself a pair of jean shorts.Cal: You know how I know…

Making the simple complicated is commonplace; making the complicated simple, awesomely simple, that’s creativity.-Charles Mingus   You might remember trial lawyer/professor/trial consultant Christopher Ritter. He’s the author of another best-selling ABA book, Creating Winning Trial Strategies and Graphics. That manual for persuasive presentations and exhibits helped attorneys, including divorce and family law attorneys, make complex facts easier…

It cannot be denied, indeed, that there have been great lawyers, who were not great, orators; as there have been great orators, who were not great lawyers. But it must be admitted at the same time, that, when both characters are united in the same person, human genius has approached as near perfection, as it…

“The solutions all are simple . . . after you have arrived at them. But they’re simple only when you know already what they are.”-Robert M. Pirsig, Zen and the Art of Motorcycle Maintenance (1974)   If you’ve missed 15 years of ABA Family Law Section Annual Meetings, it’s okay. We now have a 702…