When a professional practice is part of a divorce, determining its value can be one of the most important—and most nuanced—financial issues to address. A key distinction is goodwill: the value beyond identifiable assets, driven by reputation, client relationships, referral…
When financial records are missing, incomplete, or unreliable during a divorce, it can feel overwhelming—but there are several effective methods we can use to reconstruct accurate income figures. Here are a few common approaches: Analyze Bank Deposits Reviewing personal and…
In marriage and divorce, it is common that one spouse accuses the other of improperly using or hiding marital property - either through dissipation or diversion. While it is often suspected, it is sometimes true. These issues can significantly affect…
I wanted to reach out with some helpful information about determining income when a closely held business is involved in a divorce case, especially for child support or alimony calculations. Identifying Personal Expenses in a Closely Held Business In the…
Child support can be incredibly confusing to navigate, and that complexity isn’t helped by the number of custody myths that exist. With that in mind, I decided to put together a list of common myths I hear, along with the…
As you navigate the complexities of divorce, one crucial aspect that often requires careful attention is the valuation of any business interests involved. An proper business valuation can significantly impact the equitable distribution of assets and ensure a fair settlement. …
Today, I want to highlight an important issue that often arises in divorce cases: financial misconduct, also referred to as financial infidelity, and its impact on the outcome of divorce proceedings. Examples of Financial Infidelity Financial infidelity in divorce cases…
It seems obvious, but not always understood, that supporting two households is more expensive than one. Although everyone would like to “continue living in the manner to which we’ve become accustomed,” that may not be possible after divorce. The financial…
Financial Infidelity in Marriages Infidelity, or cheating, is the act of being unfaithful to a spouse or other partner. It typically means engaging in sexual or romantic relations with a person other than one's significant other. Various types of infidelity…
Have you wondered what forensic accountants do and why they are hired in legal cases? Since most litigation has a financial component, forensic accountants are retained to use their expertise to form opinions on the financial matters of the case.…
