$10.00 Short Paper: Professional Degrees as Marital Assets
In legal memo form, answer the following question: Can a Certified Public Accountant's professional CPA designation be a marital asset? Some states do consider professional degrees earned during the marriage as marital assets, but other states do not. However, this project does not ask about professional degrees, such as J.D. or M.D., but about a CPA license, which is issued by a state agency. Read the following article, "The CPA License at Divorce" to provide background in thinking through your response. The paper should be approached from the point of view of a CPA within your state of residence who is involved in family law mediation. On Lexis Nexis, research the specific laws in your state that govern marital assets. In responding to the question Can a Certified Public Accountant's professional CPA designation be a marital asset?, you will need to determine the value of the professional license and the “costs” (those that are apparent and not so apparent, and for both parties). In the article, the author discusses one way of determining “value”. In your paper, provide a summary of the valuation to support your position either way.
My state is Florida.