Divorce and Retirement Assets; What you need to know now

In my December, 2015 blog, I explored spousal divorce and more specifically some tax considerations in the division of the marital estate.  Today, I will discuss another tax consideration related to spousal divorce. One must be careful when withdrawing money from a qualified retirement plan or traditional IRA before the age of 59.5 due to
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Tax Considerations in the Division of Marital Estate

In April, 2015 blog, I listed some areas where a forensic accountant might be hired in spousal divorce.  Today, I will explore another of those areas: tax considerations in the division of the marital estate. Before assets on a marital balance sheet are divided, one must consider that $100 of one asset may carry with
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Separate Property in Spousal Divorce

In my April blog, I listed some of the many reasons a forensic accountant might be hired in spousal divorce, and then in June, I wrote broadly about analyzing income and determining cash flow as a step in determining whether support is appropriate.  Following this same pattern, today I will offer basics regarding a forensic
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Forensic Accountants Role in Spousal Divorce

In my most recent blog, posted March 30, 2015, I wrote generally about how forensic analysis is a powerful tool for providing insight into complex personal or business financial situations.  By clarifying and summarizing historical financial events, a forensic accountant’s work affords a person knowledge leading to strength of position and peace of mind. One
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When Do I Need a Forensic Accountant?

In my November 7, 2014 blog, I wrote broadly about the role of a forensic accountant in analyzing, clarifying, and summarizing complex financial situations.  As a reminder, forensic accountants are frequently contracted as experts in litigation or as financial consultants in contentious circumstances, namely spousal divorces or business transactions. In many instances, personal and small
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Why Do I Need a Forensic Accountant?

Disentangling finances is frequently difficult, whether it is between: spouses (in divorce) or business partners (in disputes) Forensic accountants are in the business of identifying the problem, digging through the details, and clarifying the issues, thereby reducing the stress for all parties.  If need be, a forensic accountant can succinctly present evidence in court to
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Forensic Accountant’s Role in a Divorce

Forensic accountants can be very helpful and are oftentimes an important component of a divorce litigation team.  We uncover unreported income and assets, value closely-held businesses, prove claims of separate property, and provide guidance on tax consequences for the divorcing parties. Does your tax return report investment income from an account at a financial institution
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