Investigative Accounting in Matrimonial Proceedings

This text details the relationship of the accountant with the lawyer and appraiser, the methods for obtaining information regarding business assets and personal financial information, as well as other important aspects of the accountant's role in the divorce settlement.

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One of the most critical aspects of any divorce proceeding is the distribution of property and the determination of support. It is therefore vital for each party to know the extent of the income of the other spouse and the assets and their value. The responsibility of determining these issues falls to the accountants. This text explains the work of the accountant in researching and investigating marital assets and income in a language understandable to the lawyer. The book details the relationship of the accountant with the lawyer and appraiser, the methods for obtaining information regarding business assets and personal financial information, how to review a balance sheet, how to evaluate sales and income, the impact of operating expenses on the business, an overview of the impact of taxes on a divorce and how the accountant participates in negotiation and litigation of the divorce. Sample worksheets, forms and checklists are included.