An Accountancy Corporation
Presented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Background Francis Desouza appealed a post-judgment order that found he breached his fiduciary duty to his former wife Erica. The trial court ordered Francis to transfer Bitcoins and other cryptocurrencies to Erica pursuant to the parties’ judgment of dissolution and to pay Erica’s attorney’s fees…
In instances where a case cannot achieve an equitable apportionment via Pereira or Van Camp alone, the hybrid Capital Labor Apportionment Model may be the most substantially just method to apply. Download this sample worksheet.
Presented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Yes, California is a no-fault state. However, no fault relates only to grounds for the termination of a marriage. Financial fault, on the other hand, has no limits. It can lie in the past, present or future. In fact, it seems that as time passes…
By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Family law practitioners need to be familiar with the numerous types of income tax returns that are essential for financial analysis relevant to several issues in dissolution of marriage cases. These include matters such as child support, spousal support, division of property, tracing, and Family Code…
On September 26, 2018, the LA County Bar Association’s Daily eBrief included the case of Launa Morton, Appellant vs. David Morton, Respondent. This was a significant case for forensic accountants because it gave case authority to include 401(k) contributions when calculating spousal and child support. The following excerpts are taken from the opinion filed by…
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…
Historically, 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…
People 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…
Background 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…
In 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…