Tag: divorce

Financial planning during and after a divorce can be overwhelming. Financial resources that had supported one household now must support two.  Having a clear picture of your income, expenses (including taxes), and assets post-divorce is crucial.  Understanding your cash flow now and into the future can play an important role in creating financial peace of mind for your life post-divorce. Income and Assets After Divorce After a divorce, each spouse’s financial resources will generally be reduced due to division of… Read more ›

Divorce is a sensitive and challenging process that involves not only emotional but also intricate financial negotiations. In these situations, transparency is paramount to ensure a fair and equitable distribution of assets. This is where Certified Fraud Examiners (CFEs) operate as unsung heroes, utilizing their specialized skills in forensic accounting and fraud detection to ensure a fair outcome.   Understanding the Complex Landscape of Divorce Finances Divorce often unveils a complex financial landscape, due to the need to account for every… Read more ›

  There’s often a perception that financial expert witnesses are biased in favor of their clients’ financial interests. In reality, credentialed professionals must adhere to various ethical standards that require them to be independent and objective when serving as an expert witness in a litigation matter. But sometimes experts aren’t given all of the relevant information, or they may hear only their client’s interpretation of financial results, which could skew their conclusions. When this happens, the parties’ experts are likely… Read more ›

If you’re going through a divorce, you know how confusing the whole process can become. Suddenly, you’re trying to navigate through legal and financial paperwork, all while trying to heal emotionally. While family and friends provide emotional support, experts are those who you turn to for advice in the divorce proceedings. Divorce lawyers may be the first expert that comes to mind, but they aren’t the only one you should consider adding to your team. Certified Divorce Financial Analysts are… Read more ›

Filing for divorce can be a chaotic and emotional time. In this period, valuable information could be glossed over, and key financial details can be missed. To ensure control over the divorce proceedings, you will want to collect all your financial documents and send them to an experienced financial advisor before you file. Before we tell you the financial documents you will need for your divorce proceedings, there are some general rules for collecting information: Now that you know some… Read more ›

Councilor, Buchanan & Mitchell (CBM) Senior Manager of Divorce Finance and Litigation Support, Jamie Blum, CPA, CDFA®, and Senior Manager of Litigation Support and Forensic Services, Jordan Egert CPA, CFE, CDFA® will… Read more ›

When a divorce happens, there are often major financial consequences and some important tax issues too. Here are the tax rules that generally apply when a couple’s assets are split up in a divorce property settlement. State Law Is Important How assets are split up in a divorce depends largely on where the divorcing couple lives. The following nine states are community property states: California, Texas, Washington, Wisconsin, Arizona, Nevada, New Mexico, Louisiana, and Idaho. In these states, the general… Read more ›