My Divorce Story divorce Sep 13, 2022

Last week I was at a professional conference where I was promoting the Divorce Money Guide. Everyone at the conference was doing something related to personal finance, and I felt right at home.

One consistent question I got was: Did you create this product because of your own personal divorce...

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What Can You Learn From a Tax Return? divorce Aug 23, 2022

One of the most common documents utilized in a financial investigation is the income tax return. It's a key document in any divorce case, so the personal income tax return is always examined. And if there is a business, the tax return for that entity should be examined too.

What can we learn from...

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The Importance of a Lifestyle Analysis in a Divorce Case divorce Aug 23, 2022

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 prepare...

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Finding Hidden Income in Divorce Cases divorce Aug 16, 2022

Do you think your spouse may be attempting to hide income or assets in your divorce? One spouse commonly has control over the money in the marriage, either by virtue of being the major breadwinner, or by controlling spending, or both. The spouse in the lesser financial position should take...

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Why Hire a Forensic Accountant for a Divorce? divorce Aug 09, 2022

Some family law attorneys are reluctant to retain forensic accountants in their cases. Money may be a factor, but sometimes the need for an outside expert is not clear. While law firms may have paralegals or attorneys on staff who are very knowledgeable about financial issues, the outside...

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Celebrity Divorce: RHOM Star Has Restricted Access to Funds divorce Aug 02, 2022

Lisa Hochstein, one of the cast members of the Real Housewives of Miami is alleging that her estranged husband, plastic surgeon (boob god) Lenny Hochstein is "financially strangling" her.  She says in a court filing that he is restricting her access to his funds when she doesn't give in to...

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Methods of Calculating Income in Family Law Cases divorce Jul 26, 2022

There are four widely recognized methods of calculating income in family law cases. These four methods have been developed for use by the Internal Revenue Service in calculating unreported income in tax cases, and are the primary ways a lifestyle analysis can be completed.

Specific Items Method
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Save Money on Attorneys Fees in Your Divorce divorce Jul 19, 2022

Anyone who has had to retain an attorney for their divorce knows how expensive it can be. You can plan on putting down at least a $5,000 deposit and then continue paying as your divorce continues on.

Your attorney will most likely bill you by the hour, with fees ranging from $250 to $500 per...

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Gathering Financial Documents for Divorce divorce Jul 12, 2022

Financial documents are at the heart of divorces. Regardless of how contentious or amicable a divorce is, the finances of the spouses will need to be separated, and financial documents are required to make the division. Whether the information sought is current or historical, unaltered documents...

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Evaluating Income of a Cash Business divorce Jul 05, 2022

Businesses that deal heavily in cash transactions are often difficult to manage in the divorce setting. The reality is that many restaurants and other cash-intensive businesses intentionally under-report earnings on their tax returns. The owners consider the cash to be "free money" that they...

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