Determining Standard of Living: What California Courts Consider

In California, marital standard of living is usually determined by the actual income and expenditures of both parties. However, in some cases, calculations may turn out exceptionally high because both parties lived beyond their means or one of the individuals continually worked excessive hours. When it is clear that the couple lived above its means,…

Epstein Credits: An Overview

In 1979, the landmark California Supreme Court case, “In Re Marriage of Epstein,” established guidelines for reimbursements of separate property payments (normally from post-separation earnings) on community property debt. As a customary rule, courts may reimburse a spouse if that spouse used post-separation earnings or other separate funds subsequent to separation to pay for pre-existing…

Evaluating Law Practices

The following is an excerpt from “Income Reconstruction: A Guide to Discovering Unreported Income,” published by the American Institute of Certified Public Accountants. It provides insight into how a Forensic Accountant would trace non-disclosed income in one particular type of business. Overview of Law Practices It is important to understand how law practices account for…

In Re-Marriage of Schulze

This recent court case addresses the taxability of “employer-provided benefits.” These benefits are also referred to as perquisites or perks. Case Cite: 60 Cal. App. 4th, 519, 70 Cal.rptr.488 Date: December 29, 1997 Court: Fourth Appellate District, Division Three Mr. Schulze was the recipient of approximately $1,100/month of employer-provided benefits in the form of $600…