This presentation was delivered by Karolina Calhoun, CPA/ABV/CFF at the AICPA 2018 Forensic & Valuation Services Conference.
Learning objectives include:
Identify and Classify Assets & Liabilities to include on marital and separate balance sheets:
Examine documentation and accuracy of the support
Assemble relevant information:
Current accounts (bank, brokerage) vs long-term compensation accounts (401k, pensions, etc.)
Evaluate monthly budget for each spouse:
Compare/contrast spouse's budgets
Evaluate the payor's ability to support and the payee's need for support:
Lifestyle analysis comes into play here as the historical expenses may be used as a basis for monthly budget, however, depending on the finances, may or may not be supported post-divorce
Lifestyle analysis also provides the ability to measure the division of net worth at date of divorce and future net worth accumulation over time
