Ron’s Corner In issue 68 of Forensic Accounting Today, I briefly discussed a case involving reasonable compensation in which I prevailed. This was a complex case involving the purchase of several accounting practices by Petitioner both before and after the couple’s date of separation. I have decided to devote this and at least one following…
DetailsBy Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA A new case typically begins with a phone call from a Family Law attorney who needs forensic accounting assistance on a case. My first action is to proceed with an intake procedure to ensure there is no conflict of interest. I ask for: • The client’s…
DetailsPresented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA (Full Article) Background When investment real estate is characterized as community property, it is subject to division upon dissolution. Yet it can be highly impractical or inappropriate for divorced spouses to maintain joint ownership of an investment property. Conflicts of interest, unequal influence over management,…
DetailsBy Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Allen Johnson (petitioner) and Jessica Johnson (respondent) were married for 18 years. Prior to their marriage, Allen had invested in 16 properties. His life task was to buy properties and then remodel, rent and hold, or sell them. I served as the forensic accountant for Allen.…
DetailsReceiving a Request for Services By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA When we receive a request for services from an attorney, I do the following: • Ask for the basic information on the case. • Get the name of both parties, and who is the petitioner and the respondent. • Obtain the…
DetailsIn some divorce cases, a spouse may attempt to hide assets or engage in fraudulent activities to gain an unfair advantage during the division of property. Detecting signs of financial fraud is crucial to ensure a fair and equitable outcome. Ron Anfuso is a Los Angeles Divorce Forensic Accountant who can help uncover situations of…
DetailsDivorce can be a difficult process, especially when there are financial inequalities between the two spouses. In such cases, it is essential to ensure an open and honest exchange of information so that both parties have a clear understanding of the finances. In most families, one spouse may have more knowledge and skill regarding the…
DetailsJohn Lawler (Petitioner) Versus Carol Lawler (Respondent) Forensic Accountants’ Positions and Ruling by the Court Presented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA In the previous newsletter, I discussed the stipulations agreed upon by the parties for this trial, as well as a brief mention of the positions the forensic accountants would need…
DetailsEven when couples know that divorce is inevitable, many are afraid to venture forward out of fear that they will not financially survive. Issues such as how to split the assets and divide the cash flow may be of concern, but with the help of neutral financial professionals, those fears can be dispelled, and one…
DetailsSome divorces have complex financial issues. In such cases, a forensic accountant can be called in to analyze financial documents to help divorcing couples in the collaborative process, or in court when litigation is involved, to determine the value of assets and how those assets should be divided. They also assist in decision-making on child and…
DetailsBy Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Industry-Specific Databases The specific databases I have subscribed to for several years are surveys of attorneys, physicians, and accountants. Although some accountants may not obtain these surveys due to their cost, I subscribe because each provides a wealth of information that enables me to more accurately…
DetailsWhen couples begin a marital dissolution and choose the Collaborative Divorce process, we often find that one person is thoroughly knowledgeable about their finances and the other one knows very little. In these cases, one spouse has paid the bills during the marriage and has been in charge of investments. That person has taken care…
Details
