One of the most complex areas of the law is family law. It encompasses a range of diverse concerns and issues – financial as well as personal. These include elements of finance, taxes, long term planning, human issues, custody battles, estate tax, and virtually anything else that could happen when two individuals emotionally address the division of a financially complex, long term partnership.
What We Do:
Advent Valuation Advisors can assist with in-depth investigation and analysis of financial data for matrimonial and divorce purposes. We have the experience and expertise to provide comprehensive analysis and reporting of the accounting and financial aspects involved, and work closely with litigation counsel through each step of the process, including settlement discussions and trial preparations. Our firm works with attorneys and their clients.
Discovery – Often, before we even get serious about doing what we do, it is requested of us to assist in determining what needs to be provided in discovery and then following up as the issues develop and expand.
Expert Testimony/Trial – While most cases settle, there are some that go to trial. When it comes to the final denouement, there’s nothing that can supplant the experienced expert witness.
Financial Investigations – Also called forensic accounting, the detailed review and analysis of the books and records of one or more closely held businesses; for the purpose of determining the real income generated from the business as well as compensation and benefits (perquisites). Often we are asked to do a financial tracing investigation where there is no business involved, but rather a pool of funds/investments.
Business Valuations – The financial exposure of the business owner – or the potential benefits for the non-business owner spouse – is often the biggest dollar item in a case. This is an area that can make or break a divorce case and where we have often produced stellar results in trial as well as in the negotiation process.
Lifestyle – Even when a business is involved, a standard of living analysis can be more important than the business investigation itself. How did the couple or family live? How was money spent and saved? We provide a solid understanding of the marital lifestyle – a critical element in helping to support a position as to the appropriate amount of alimony/support.
Tax Matters – Divorce has a unique set of tax laws. We address the tax implications of equitable distribution, retirement assets, alimony, child support and a multitude of other special issues.
Negotiations and Settlement – the ability of counsel to move forward with a strong team effort that includes a divorce savvy CPA, can be invaluable in the negotiation and settlement process. This often includes our being able to be creative, developing the necessary cash flow out of what is often an illiquid pool of assets, so as to enable the parties to accomplish their combined desired goals.