Frequently Asked Questions

Can I hire a Forensic Accountant if I’m in pro per? Generally, no. A Forensic Accountant works as a team with an attorney in preparing your case and providing the best possible solution to your problems. Is a Forensic Accountant an advocate for my positions? No. That’s the attorney’s job. A Forensic Accountant is an…

Glossary of Accounting Terms

Community Property: California Family Law Code §760 defines community property as “except as otherwise provided by statute, all property, real or personal, wherever situated, acquired by a married person during the marriage while domiciled in this state is community property.” Date of Separation: The date agreed upon by the parties or determined by the court…

Divorce, Remarriage, and Taxes

Recent studies have shown that 75 percent of all people who divorce will remarry, and 60 percent of those who remarry will divorce again. Significant changes in the financial situations of both parties are inevitable; therefore, careful planning is necessary to minimize the tax costs of these events. This article briefly explains tax implications of…

What is Forensic Accounting?

Forensic, according to the Webster’s Dictionary, means “belonging to, used in or suitable to courts of judicature or to public discussion and debate” “pertaining to or employed in legal proceedings or argumentation.” Accounting, as defined by The Random House Dictionary, is “the system of organizing, maintaining … the financial records of a company or an…

What the Forensic Accountant Will Need on a Case

A Forensic Accountant’s job often resembles that of a detective. The expert must sort through reams of documents, searching for key pieces of data that, when put together like puzzle pieces, form a financial picture. This article will explain the types of data the Forensic Accountant may utilize when on a divorce case. Client Information…

Do You Need a Forensic Accountant for your Divorce Case?

Not all divorce cases require the services of a Forensic Accountant However, many of the more complicated cases in this ever complex and changing area of law do. Typically, a party involved in a marital dissolution may be reluctant to hire another professional to the individual’s divorce team until the party understands the forensic accountant’s…