Spousal support, also known as alimony, is a type of financial support awarded to one spouse during a divorce case. Divorce alimony is designed to allow them to maintain standard of living that’s reasonably consistent with what they enjoyed during the marriage. This support can come in a wide variety of amounts, and could be […]
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What’s the Difference Between Embezzlement and Larceny?
Embezzlement and larceny are two specific types of theft. The primary difference is that embezzlement involves theft by someone who is in a position of trust over the stolen items. Laws involving embezzlement and larceny can vary across states. Here’s a more detailed overview of the elements of embezzlement and larceny and what you should […]
Dividing Property in a Divorce? What to Consider When Splitting Assets
Divorce can get messy. The longer you’ve been together, the more likely you’ve accumulated assets. Working with a forensic accountant can help you make smart decisions about how you’d like to divide your property—including the tax implications that arise. Splitting your assets right down the middle may not make sense for your particular situation. If […]
Identifying Hidden Assets: Techniques and Limitations to Find Hidden Assets
Ideally, divorces should fairly split assets between spouses. This doesn’t necessarily mean dividing assets right down the middle or splitting them according to whose income bought them. If one spouse managed the household or raised children while the other was the primary breadwinner, their contributions should be acknowledged. However, not all divorces are friendly. Some […]
What Is Asset Valuation, and What Is Needed?
Financial investigations can take many forms, including asset valuation. Asset valuation is used to determine the value of a piece of property, whether it’s real estate, a business, stocks and bonds or equipment. This could be used when you’re getting ready to sell a business, or when you’re calculating the value of shared assets in […]