Uncover Hidden Assets & Income in Divorce with These Documents
What important documents are best to review to find hidden income and assets? Discovering undisclosed assets? For a much more detailed discussion, see The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for Family Lawyers, Second Edition, authored by Miles Mason, Sr. and published by the ABA Family Law Section. This updated […]
Read More»Attorney/Wife Gets Transitional Alimony $2K x 36 Mos. After 13 Yrs.
Tennessee case summary on divorce, property classification, and alimony after 13 years married in divorce. Wright v. Wright The husband and wife in this Shelby County, Tennessee, case were married in Utah in 2005. It was the husband’s first marriage but the wife’s second. They had one child together, and the wife had an adult […]
Read More»Big Divorce Mistake #2: Not Analyzing Claimed vs. Documented Income
Often, spouses must declare, or claim, what they earn. Very often, they earn significantly more according to their own tax returns, W-2s, 10-99s, and current pay stubs. There are even more documents available from which to compare claimed vs. documented income. Miles Mason, Sr. JD, CPA is the author of The Forensic Accounting Deskbook: A […]
Read More»Dave Ramsey’s Divorce Advice
On his talk show, Dave Ramsey runs callers through many of the same questions a divorce attorney would ask. To determine where spouses are financially, he needs to know their ages and educational levels, how long they’ve been married, and if they have minor children. Assessment requires details about income, assets, savings, and retirement accounts, […]
Read More»Evidence of Bigamy on Wife’s Foreign Marriage Not Enough
- At March 25, 2020
- By Miles Mason
- In Attorney's Fees, Divorce, Divorce Process
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Tennessee case summary on attorney’s fees in divorce. Cecilia Gonzalez v. Mauricio Gonzalez The husband and wife in this Shelby County, Tennessee, case were married in Florida in 2001 and had one child, born in 2002. The wife filed for divorce in 2010. The husband answered and alleged that they were never legally married. He […]
Read More»Big Divorce Mistake #5: Misunderstanding How Alimony is Calculated
- At March 24, 2020
- By Miles Mason
- In Alimony, Divorce Tips, Forensic Accounting
- 0
Calculating alimony (spousal support) is a state by state determination but many states have the same considerations and factors. Need, ability to pay, and lifestyle of the parties are fantastic issues for forensic accountants to analyze and form opinions thereon. Through review of tax returns, financial statements, divorce discovery, subpoenas, and other methods of investigation, […]
Read More»Big Divorce Mistake #6: Not Being Skeptical about Financial Documents
What is the role of professional skepticism in reviewing financial statements? Forensic accountants can cross-reference financial documents better than anyone to uncover inconsistencies. Miles Mason, Sr. JD, CPA is the author of The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for Family Lawyers, Second Edition, published by the ABA Family Law […]
Read More»10 Big Divorce Financial Mistakes
#10: Mishandling the Pension QDRO & Elections #9: Not Getting a Business Valuation to Save Money #8: Being Cheap & Not Hiring a Forensic Accountant #7: Ignoring Red Flags of Hidden Money #6: Not Being Skeptical about Financial Documents #5: Misunderstanding How Alimony is Calculated […]
Read More»Husband to Pay $1.5K/Mo. Alimony in Futuro After 34 Yr Marriage
Tennessee case summary on property division and alimony after 34 years marriage in divorce. Freida Louise Climer v. Stephen Franklin Climer The husband and wife in this Madison County, Tennessee, case were married in 1983. It was the husband’s second marriage but the wife’s first. After 34 years of marriage, the wife filed for divorce. […]
Read More»Big Divorce Mistake #1: Not Getting Financial Disclosures Under Oath
Obtaining financial disclosures under oath from your spouse is a great first step. That can be in response to interrogatories or an affidavit. If your spouse lies under oath, it will help make a better case for relief from the court. Discovery is discussed at length in The Forensic Accounting Deskbook: A Practical Guide to […]
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