Lifestyle Analysis in Divorce Cases: Investigating Spending and Finding Hidden Income and Assets

View a sample of this title using the ReadNow feature

Accounting is a topic that can frighten otherwise brave professionals. All the asset, liability, income, and expense talk can be overwhelming if the listener is not trained in the field of accounting. Even those who have taken a couple of accounting courses can get bogged down in the details and have a difficult time translating the numbers and determining what they really mean to a case.

The best forensic accountants are able to present financial issues in litigation so they can be understood readily. Attorneys, judges, and juries often lack an accounting or finance background, so being able to break down financial topics in a way that is easy to understand is essential for forensic accountants. The best expert witnesses are those who can relate to the judge and jury and who can make sense of even the most complex numbers

Although a financial expert can be involved in family law cases in many different ways, this book focuses on determining income, determining the standard of living, identifying assets, and tracing and finding funds or other assets. The work may be done because of allegations of hidden income or assets, but many times it is done simply because of a need to determine income and expenses when the parties are unable to do so without the assistance of an expert.

eBooks, CDs, downloadable content, and software purchases are noncancelable, nonrefundable and nonreturnable. Click here for more information about LexisNexis eBooks. The eBook versions of this title may feature links to Lexis+® for further legal research options. A valid subscription to Lexis+® is required to access this content.