Services

Home / Services / Consulting / Divorce Litigation

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

Blog

Your knowledge source for achieving your business and personal financial goals.

Consider the Cloud to Prepare Better Audit-Ready Financials

To generate audit-ready financials, you need well-documented transactions and balances that are calculated accurately and can be produced in a timely manner.

Peer Review: Is Your Audit Documentation Up to Standard?

What do peer reviewers look for regarding audit documentation to ensure audit quality? While not an exhaustive checklist, here are some of the more important pieces to document.