Damon Wykrent, CFP®, CDFA®, CFE is a financial expert that provides forensic financial support to attorneys or individuals going through the divorce process. Some of these areas include present value calculations for pensions and other assets, asset tracing and characterization issues, measuring economic damages, uncontested and contested property division, mediation and settlement support, QDRO support, expert witness testimony, and work as a neutral financial expert as part of a collaborative team.
EDUCATION:
· B.S. in Economics, with a Business minor from Texas A&M University
· College for Financial Planning, Certified Financial Planner Course
· Institute for Divorce Financial Analysts, Certified Divorce Financial Analysts Course
· Association of Certified Fraud Examiners, Certified Fraud Examiners Course
PROFESSIONAL BACKGROUND:
· Has testified regarding various financial issues as an Expert Witness in Texas State District Courts in the following Counties: Collin, Dallas, Denton, Hopkins, Jack, Montague, and Tarrant.
· Speaker for the Collin County Bar Association, May 2021, presented “Retirement Plan Pitfalls to Avoid and QDRO Basics”.
· Speaker for the Family Law Section of the Denton County Bar Association, April 2021, presented “Retirement Plan Pitfalls to Avoid and QDRO Basics”.
· Speaker for the Denton County Alternative Dispute Resolution Program, Advanced Family Law Mediation Training, September 2019, presented “How to Effectively Use Financial Experts in Mediation and Avoid Financial Pitfalls”.
· Appointed as an Auditor for District Court in Denton County, Texas, November 2018.
· Speaker for the Collaborative Divorce Denton County Group, October 2018, presented “How the Tax Reform Affects our Divorce Clients”.
· Speaker for the Family Law Section of the Denton County Bar Association, September 2018, presented “Advanced Techniques to Use to Protect More of Your Client’s Separate Property in a 401(k); Understanding Teacher Retirement System (TRS) and Texas Municipal Retirement System of Texas (TMRS) Benefits and How to Value Them”.
· Speaker for the Jack Wise Montague Women’s Bar Association, August 2018, presented “Advanced Techniques to Use to Protect More of Your Client’s Separate Property in a 401(k); Understanding Teacher Retirement System (TRS) and Texas Municipal Retirement System of Texas (TMRS) Benefits and How to Value Them”.
· Appointed as an Auditor for District Court in Denton County, Texas, March 2016.
· Speaker for the Denton County Paralegal Association, May 2013, presented “Understanding Teacher Retirement System (TRS) benefits and QDRO Basics”
· Speaker for the Denton County Bench Bar Conference, May 2010, presented “Secrets Hiding in Your Client’s Tax Return” and “The Common Financial Mistakes Made by Attorneys”
· Completed Basic Interdisciplinary Collaborative Law Training
· Has made numerous public presentations in the Dallas/Fort Worth Metroplex on “Gaining Financial Control of Your Divorce”.
· Quoted in Fidelity Magazine on various financial planning topics
· Listed as one of “The Best Financial Planners in Dallas”, 2004 D Magazine
BOARD CERTIFICATIONS AND LICENSES:
· Certified Financial Planner (CFP) This credential states that an individual has broad financial education and training. CFP’s must have 30 hours of Continuing Education every two years to maintain board certification. Individuals who have met CFP Board’s education, examination and experience requirements, have agreed to adhere to high standards of ethical conduct and must complete CFP Board’s biennial certification requirements, including continuing education. Obtained 8/2003
· Certified Divorce Financial Analyst (CDFA) This credential states that an individual has specialized financial training in the area of divorce. CDFA’s must have 15 hours of Continuing Education every two years to maintain certification. Obtained 12/2003
· Certified Fraud Examiner (CFE) The Certified Fraud Examiner credential denotes proven expertise in fraud prevention, detection and deterrence. CFE’s are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk. CFE’s uncover fraud and implement processes to prevent fraud from occurring. CFE’s must have 20 hours of Continuing Education every year to maintain certification. Obtained 11/2008
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