The best magazine
Forensic Accounting for Divorces
- A forensic accountant analyzes assets held at the time of the divorce and verifies whether the assets are marital assets. In some instances, the assets may be classified as separate property distinct from the marital assets.
- Forensic accountants calculate and testify regarding appropriate amounts of alimony. These calculations include determinations related to a spouse's lifestyle.
- Forensic accountants evaluate and testify regarding the valuation of business assets or the value of a specific business interest.
- Forensic accountants review tax returns, financial statements, financial affidavits and any other proof of income to verify whether a spouse is hiding assets or misstating the value of those assets. A forensic accountant is an important team member for the spouse who has little knowledge of marital finances.
- Forensic accountants assist with pretax and post-tax calculations for equitable distributions of marital assets.
- Forensic accountants can numerically asses the value of the supportive spouse's contribution to the assets of the marriage.
Marital Property
Alimony
Business Valuations
Hidden Assets
Tax Issues
Value Determinations
Source: ...