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Divorce Litigation

In divorce cases, attorneys commonly turn to consultants to provide forensic accounting services. These services assist in identifying missing assets, transfer of funds, underreporting of sales and incomes, and search for dissipation of marital assets.

Separation and divorce is never an easy situation, as it brings emotional distress as both parties try to minimize the impact to their family and children. All matrimonial actions start with a common goal – to identify the total “marital estate.” In many instances, the involvement of an experienced accountant begins right at the start of the discovery process, which includes:

  • Analyzing personal and business tax returns
  • Reviewing bank statements and brokerage accounts
  • Assisting in client interviews and depositions
  • Tracing assets to determine or refute separate property claims
  • Searching for assets that may have been diverted or dissipated in anticipation of divorce

As forensic accountants, the Ericksen Krentel team, which also can provide expert testimony, often is retained to help attorneys and their clients analyze these complex financial issues. Forensic investigators also may be needed to determine other financial issues when a couple divorces, including:

  • Determining income available for spousal maintenance (alimony) and child support
  • Computing reasonable needs or living expenses
  • Assisting in the preparation of the Statement of Net Worth
  • Providing a valuation of business interests
  • Enhanced earning capacity calculations of degrees and licenses
  • Reimbursement claims

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Hurricane Ida Update

Our thoughts and prayers are with all of the people affected by Hurricane Ida. Ericksen Krentel team members have spent this week checking in on each other, our families, and our clients to ensure that everyone is in a safe position. Our New Orleans and Mandeville offices are currently closed due to power outages. We expect our Mandeville office to re-open shortly and will post the status updates of both offices on our website and social media as we know more details. We will do our best to assess the situation of our clients and people, and intend to return to each office as quickly as possible.
We have learned through our experience with past disasters and the ongoing pandemic to be adaptive to new technologies and have implemented cloud-based applications that allow us to efficiently operate remotely. In the interim, we are available to the extent that is possible in working remotely with our many affected clients and their personnel.
As recovery operations begin to take shape and progress, please do not hesitate to call on us to assist in your financial, tax, and other needs. You can reach your Ericksen Krentel professional directly through their normal email address or if you need immediate assistance, send a message through communications@ericksenkrentel.com to receive a return call from one of our professional team members. We look forward to a complete recovery and once again working directly with our clients.

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