The Importance of a Lifestyle Analysis in a Divorce Case divorce Aug 23, 2022

In the early stages of divorce, clients are required to complete financial affidavits, financial declarations, or other similarly titled disclosures.  The importance of an accurate disclosure of assets, liabilities, and income is obvious. Yet many clients are unable to accurately prepare...

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Why Hire a Forensic Accountant for a Divorce? divorce Aug 09, 2022

Some family law attorneys are reluctant to retain forensic accountants in their cases. Money may be a factor, but sometimes the need for an outside expert is not clear. While law firms may have paralegals or attorneys on staff who are very knowledgeable about financial issues, the outside...

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Celebrity Divorce: RHOM Star Has Restricted Access to Funds celebrity divorce Aug 02, 2022

Lisa Hochstein, one of the cast members of the Real Housewives of Miami is alleging that her estranged husband, plastic surgeon (boob god) Lenny Hochstein is "financially strangling" her.  She says in a court filing that he is restricting her access to his funds when she doesn't give in to...

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Methods of Calculating Income in Family Law Cases divorce Jul 26, 2022

There are four widely recognized methods of calculating income in family law cases. These four methods have been developed for use by the Internal Revenue Service in calculating unreported income in tax cases, and are the primary ways a lifestyle analysis can be completed.

Specific Items Method
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Gathering Financial Documents for Divorce divorce Jul 12, 2022

Financial documents are at the heart of divorces. Regardless of how contentious or amicable a divorce is, the finances of the spouses will need to be separated, and financial documents are required to make the division. Whether the information sought is current or historical, unaltered documents...

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Evaluating Income of a Cash Business divorce Jul 05, 2022

Businesses that deal heavily in cash transactions are often difficult to manage in the divorce setting. The reality is that many restaurants and other cash-intensive businesses intentionally under-report earnings on their tax returns. The owners consider the cash to be "free money" that they...

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Alternative Sources of Information for Divorce Investigations divorce Jun 21, 2022

Everyone knows about the typical sources of financial information in divorces. Income tax returns, bank statements and related documents, brokerage statements, credit card statements, and business financial statements are some of the most common.

There are alternative sources of financial...

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Using a Tax Return to Find Income and Assets divorce taxes Jun 14, 2022

While consumers generally hate income tax returns because of their complexity, they can be invaluable sources of information in divorce proceedings. Not only do they provide insight into prior years’ earnings, they can also point to assets and sources of income. They may be used to unearth...

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Searching for Assets in Divorce divorce Jun 07, 2022

Potential clients in the process of divorce often contact me because they are concerned about hidden assets. Often the spouse had a history of financial dishonesty throughout the marriage, or his or her behavior became suspicious around the time divorce was filed.

It is not uncommon for there to...

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Clues to Hidden Income and Assets divorce May 24, 2022

I often get asked how someone will know if their spouse is hiding income or assets in a divorce. Sometimes it is obvious when a document is discovered or information is leaked by someone in the know. But what if you just have a "feeling" that something isn't right?

In working with divorcing...

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