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The intent behind this article is to provide you a better understanding of two primary methods used in determining marital standard of living (MSOL) called Income Only and Subtraction. In part one, I focused on the Subtraction method through a brief explanation of the determination of marital standard of living in the case of In…
DetailsHistorically, families’ living expenses have been used to determine a spouse’s marital standard of living (MSOL). Although this is typically the chosen method, it can be time consuming and expensive. One issue a judge must determine is the most appropriate time period to utilize in calculating MSOL. In practice, we have found three years is…
DetailsPeople versus Sanchez was a criminal case concerning gang-related crimes. The case addressed a vital issue related to the validity of expert testimony, which was whether the prosecution’s expert’s description of the defendant’s past contacts with police should have been considered hearsay based on the expert never having met the defendant, nor having been present…
DetailsBackground During the divorce process of Fred and Vivian Andersen, Ron Anfuso advised Vivian’s attorney it would be in her best interest to receive counseling from Evan Miller, a Certified Financial Planner® (CFP), who is also a Certified Divorce Financial Analyst® (CDFA®). Evan and his associate Kathy Costas, CDFA®, specialize in helping coordinate the financial…
DetailsIn many marital dissolution cases, a forensic accountant is not required. So when does a forensic accounting expert become necessary? In any case in which there is a small, closely held business that needs to be valued or when a cash flow analysis for purposes of support is essential, a forensic should be consulted. In…
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