Practice Test 1 Wrong / Uncertain Answers Flashcards

1
Q

How long are temporary orders good for?

A

As long as required, or terminated by the court.

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2
Q

What is a court order requiring a person’s appearance in court or at a deposition?

A

Subpoena

Writ of Summons is a form issued by the court directing someone to respond to a complaint, motion, or petition (different)

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3
Q

What is a deposition and when does it occur?

A

Depositions are the testimony of a witness taken out of court under oath and reduced to writing after discovery and prior to trial. The deposition may be used to discredit a witness if he changes his testimony during trial.

They are to gather evidence and ARE refutable.

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4
Q

How is an expert witness qualified?

A

The attorneys stipulate that a witness is qualified. The judge does not qualify an expert witness without input from the attorneys.

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5
Q

What is a trial consultant?

A

Trial consulting is the use of social scientist, particularly psychologists, communication experts, and economists, to aid attorneys in the presentation of a criminal trial or civil lawsuit. Modern trial consultants help prepare witnesses, improve arguments and rhetoric, and select juries.

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6
Q

Is “Honesty” in the code of Ethics?

A

NO. Integrity, Competence, Objectivity, Fairness, Confidentiality, Professionalism, Scope, Compliance, Unauthorized Practice of Law, and Support are them.

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7
Q

A CDFA professional’s work product is never protected by attorney-client privilege when working in which role?

A

Pro Se Divorce. Sometimes in Collaborative divorce, it’s protected (because Lawyers are often involved). Pro Se

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8
Q

Are Unemployment Benefits a career asset? A gold membership?

A

Unemployment, yes - a golf membership, only if the employer pays for it.

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9
Q

Can a CDFA Professional interview clients for interrrogatories?

A

NO - that’s only for lawyers.

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10
Q

If a CDFA is hired by only one spouse, what’s your obligation for reviewing financial assets of both spouses?

A

A CDFA professional should review both parties’ financial information to do a complete and thorough job and make recommendations that are fair and equitable to both parties…

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10
Q

IF you’re hired as a CDFA for a divorce case, what other role can you act in for your client?

A

No other role, including advisor, but only acting as an expert witness.

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11
Q

Are local mediation reports a source of information used by attorneys to see how the law is likely to be used in a case?

A

No - they aren’t legal precedent, and often aren’t archived in any standard way.

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12
Q

Common Law Marraige states

A

As of 2024, common-law marriages are recognized in Colorado, Iowa, Kansas, Montana, Rhode Island, Oklahoma, Texas, and the District of Columbia.

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13
Q

Pro Se divorce percentage

A

50% of parties represent themselves.

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14
Q

Typical residency requirements for filing a divorce

A

90 days

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15
Q

Which state doesn’t recognize legal separations?

A

Texas… of course

16
Q

Coverture Fraction

A

Total years working while married / Total years worked until retirement

17
Q

What year did QDRO come into existence?

A

1984, 1974 was ERISA

18
Q

What age do you have to clear to be qualfied for the widow’s Social Security benefit for a divorce of 10 years or more?

19
Q

HOw many employees does an employer need to qualfiy for COBRA

20
Q

What triggers recapture of Spousal Support?

A

The Payments must last for at least 3 years, and may not decrease by more than 15K over the first 3 post-separation years.

21
Q

How is spousal support recapture taxed?

A

As income in the third pos-separation year.

22
Q

What’s a waning trend in Spousal Support?

A

Permanent spousal support is much more rare these days.

23
Q

Which tax benefit can be transferred for one or multiple years, to the non custodial parent?

A

The custodial parent can transfer the dependency exemption every year or for multiple years.

24
What makes a QDRO qualfied?
It's been accepted by the plan adminstrator
25
Which of the following is the plan administrator required to do when participants ask for a distribution from a qualified plan?
The plan administrator is required to provide DIRECST ROLLOVER options pursuant to The Unemployment Compensation Amendment of 1992
26
Which of the following filing statuses would NOT permit a taxpayer to take the childcare credit?
A taxpayer filing as Married Filing Separately does not qualify for the childcare credit.
27
Andrea is receiving spousal support from Mike and is refusing to provide her Social Security number to him. What is the fine she will have to pay for withholding her Social Security number?
$50... seriously
28
What tax carryforward does NOT have a rule for allocation between spouses?
Allocation of the AMT tax credit.
29
Childcare expenses for a child without disabilities can qualify for the tax credit for child and dependent care expenses as long as the child is no older than:
12 (Child has to be <13)
30
Is spousal support income for IRA contributions?
Spousal support is considered income for purposes of contributing to IRAs, including Roth IRAs! ONLY in the case of pre-2019 divorces. With TCJA, no longer usable.
31
ABLE Account Rules
No Deduction for funds going in (sometimes state tax deduction) Account balance of up to $100,000 does not affect eligibility for public benefits such as SSI, SSDI and Medicaid Eligibility is limited to individuals with disabilities with an age of onset of disability before age 26 The annual contribution total for an ABLE account is $18,000
32
4 Basic Steps of Direct Examination
Explain assignment, explain procedures and assumptions, summarize work, and admit exhibits.