When calculating child support or alimony obligations, “income available for support” is an important concept. In this video, Tracy talks about some of the issues that may arise when evaluating income.

I often talk about doing a lifestyle analysis in divorce, where I go through the personal spending of the parties in detail and make calculations surrounding the spending. But what about doing the same type of lifestyle analysis for a […]

When a spouse owns a business, it can create some of the most complicated financial issues in a divorce. It is extremely important to dive into the financial records of the business in order to value it and to determine […]

The divorce financial analysis is one very specific set of services that can be offered by a forensic accountant. The lifestyle analysis is the process of tabulating and analyzing the income and expenses of the parties. The lifestyle analysis is […]

While a financial expert may be retained to proactively complete a lifestyle analysis in a divorce case, one might also be retained to do a rebuttal report focused on the analysis of an expert retained by opposing counsel. The process […]

Child support, spousal support, and property division are often evaluated in light of the income of the each of the parties to a divorce.The parties fill out financial disclosure forms and purport to tell the court and the spouse the […]

A financial professional can fill two distinct roles in family law cases. He or she can be a consultant who provides analysis and opinions privately to the attorney and client. The consulting expert’s work and conclusions are not intended to […]

In a typical divorce with one or both of the spouses having traditional jobs and earning middle to upper class wages, the calculation of alimony and child support are pretty easy. States have charts or standard percentages that are applied […]

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 […]

An important lifestyle consideration is the source of funding. Many families fund their lifestyle with one source of income, earned from their work. Other families have multiple sources of income that may include investments, trusts, debt, liquidation of assets or […]