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Marital dissolution disputes involve two core financial issues, the value of assets in the marital estate to be split, and income available for support. The income issue, which is the focus of this article, only becomes difficult if one side in the dispute decides to either hide compensation or make outright false representations regarding their income and expenses. The suspicion that this has occurred is the most common reason forensic accountants are retained to assist in a family court matter. The methodologies used by the accounting expert must be in coordination with the discovery process and at a cost-effective level that is justified by the income and assets involved. Click here for complete article Practice Profile:Forensic Accounting Services for Marital DissolutionIn family law matters, attorneys engage Arxis Financial to analyze, explain and present financially complex issues, typically relating to asset values and income verification. For example, if a spouse is suspected of understating income, our professionals can review financial practices (e.g., hidden bank accounts, unreasonable salary, unreported cash transactions, etc.) to help identify the money trail Our forensic accountants are called upon to help in identifying marital vs. separate property, uncovering hidden income within a business, determining the value of a business, locating concealed assets, and other related issues. The specialists in Arxis Financial’s “Forensic Accounting” practice apply detailed investigation and analysis that is necessary to uncover essential facts and provide meaningful insights. Our services include reconstruction of accounting records, analysis of personal and businesstransactions, document review and tracing, and expert witness testimony. Expert analysis and conclusions are presented in depositions and trial at local, state and federal court levels as well as mediation and arbitration. We assist attorneys in interpreting the data, and help counsel to understand and analyze events or issues. This level of support can be a key asset in determining a legal strategy as well as reaching a reasonable and efficient conclusion. Partner Profile: The Forensic Accounting practice is headed by partner Chris L. Hamilton, CPA, CFE, CVA, DABFA. Mr. Hamilton is a Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, and a Diplomate with the American Board of Forensic Accounting. He is a licensed life and disability insurance agent and a General Securities Representative. Mr. Hamilton has published articles in several publications, and has made presentations at national conferences, training institutes and seminars on topics including forensic accounting, fraud and business appraisal. Arxis Financial respects your time and your privacy. If you no longer want to receive e-mails such as this one, please click here or respond to this e-mail and type "Unsubscribe" in the subject or message box. Copyright 2009 Arxis Financial. Articles may not be reprinted without permission. |
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