Blog

Cash Flow for Support

I often calculate the cash flow for support in my divorce cases.  My calculation is used as the basis for child and spousal support orders.  While cash flow for support seems like a phrase that defines itself, it has created so much controversy.  Cash flow is more obvious among employees.  It’s their paycheck.  With some…

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Divorce Forensic Accountant Expert Witness

Half of marriages end in divorce.  That’s what they say.  But even if you are a statistic, you may not need a divorce forensic accountant.  However, you will need one when you and your spouse become litigants over the income and value of a business.  In divorce litigation, the parties do not agree on the…

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Divorce Financial Mediation in Orange County

Divorce is a process.  It is usually simple, inexpensive and does not often require an attorney.  The process can be lengthy and expensive when the financial issues are complex.  If the marital home was transmuted during marriage, then it is more complicated to divide.  Transmutation means that the character of the marital home changed from…

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Mindful Divorce Financial Mediation

When we refer to “wealth” in a divorce, we aren’t just talking about money (assets). Wealth also includes your time and emotion. Those are important things in your life that you have to preserve when possible. You don’t have an endless supply of money, time and emotion, so you have to make sure that you’re…

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Alternatives to Divorce in Los Angeles

The process of getting married is relatively fast.  Most would agree that getting divorced is not.  It takes at least six months in California when the divorce is uncontested.  The process is longer when there are complex financial issues.  There are two common disagreements.  The parties often disagree with the community’s interest in the marital…

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Is More Moore-Marsden Work More Persuasive?

I recently spoke with a potential client.  She was on her second family law attorney.  Her divorce forensic CPA already charged her $5,000.  He wanted another $5,000 to finish the task.  It was a Moore-Marsden calculation.  He hadn’t produced anything.  She needed him to trace all her separate property funds for real estate she purchased…

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Incomplete Opinions in a Divorce Mediation

My client hired me as her consultant.  She was in the middle of a divorce mediation.  It was an alternative to litigation.  The parties hired a neutral forensic CPA.  He calculated her husband’s income available for support.  The new tax law for alimony will change on January 1, 2019.  Spousal support from orders filed by…

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Divorce Forensic CPA as a Mediator

The process of divorce can be complex and expensive. After so many years together, choosing to part ways is complicated when dividing a house once owned separately (and now owned jointly) and a business owned before marriage that appreciated during your lives as husband and wife. When divorce is imminent (or contemplated), the first thing…

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Mistakes Women Make When Contemplating Divorce

Women are Too Nice:  Since most women are typically non-confrontational, they instead “hope” that by being amicable in a divorce, the marital assets (especially the husband’s business) will be divided equally and the support for them (and their minor children) will be equitable.  Unfortunately, in some cases, their hope backfires since their husbands have different…

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Taxation on Property Transfers (IRC §1041)

The transfer of property that is not a gift is generally a taxable event requiring the transferor to recognize a gain or loss on the difference between its fair market value and adjusted basis. Prior to 1984, tax regulations required that appreciated property transferred to a non-transferor (receiving) spouse incident to a divorce result in…

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