The Financial Aspects of Divorce
The financial aspects of divorce cases are often as complicated and complex as the emotional ones. In theory, each spouse should provide complete and accurate disclosure of all income and property and the representation of each spouse should be identical. Divorcing spouses may sometimes overlook certain income and/or property matters in disclosing information to the other side (intentionally or unintentionally).
Divorce can significantly alter the financial positions of all parties involved. Only careful planning and the assistance of experienced advisors can minimize the emotional and financial costs of this life-altering event.
Renee Harwell has attained specialty designations in several areas that relate directly to divorce situations including: Accredited in Business Valuations (ABV), and Certified in Financial Forensics (CFF), as well as being a CPA. Harwell Valuation provides a full range of divorce services including:
1• Analysis of income available for support and related tax effects
1• Attendance at Mediations and Depositions
1• Court Testimony at temporary support and final hearings
1• Defined Benefit Pension Valuation
1• Financial affidavit preparation
1• Lifestyle analysis
1• Preparation of property distribution schedules
1• Separate Property Analysis
1• Valuation of the business or business interests
Alimony and Lifestyle Analysis – We render invaluable assistance in tracing the flow of funds between bank accounts, the disposition of money, and help to substantiate your standard of living.
Business Investigations & Valuations – We review financial statements, accounting records and tax returns, determine the true income and cash flow generated by the business and the standard of living generated by that business. We provide reliable estimates as to the value of closely held business interests through careful consideration of the internal and external variables impacting the business.
Negotiations and Mediation – You are best represented by your attorney and our familiarity with finances can help your attorney settle a case creatively by suggesting alternative approaches or vantage points where there might otherwise have been a deadlock.
Strategic Planning – We work closely with your attorney to strategize your case, including facilitating discovery by assisting in the determination of the documents or records to be obtained and the analysis necessary to achieve the most cost effective fair results.
