- Cash flow, net worth and working capital implications of Property Settlements
- QDRO design
- Income tax [Federal and Missouri] implications of Property Settlement options
- Analysis of "family" and closely-held businesses for undisclosed and hidden assets
- Net worth and financial ratio analysis
- 816-454-7886
Wednesday, February 8th, 2012
Areas of Concern
There are many areas for analysis and inquiry in structuring a divorce property settlement. Among them concerning the other spouse are:
- What is the intrinsic economic worth of the spouse's business?
- What is the change in the spouse's net worth - and where did it go?
- How much validity can be place in the spouse's Income and Expense Affidavit?
- What resources are really required to sponsor the spouse's lifestyle?
- What can be determined from the spouses bank records?
- Similarly for the tax returns?
- What information can be "hidden" in the spouse's bank, tax and business records?
- Are there any equally "hidden" business income to the spouse?
- Are there untaxed and undisclosed business "perks" and benefits?
- What is the spouse's real credit card activity?
- What are the implications from trends in the spouse's financial statements prior to, and then after a divorce proceeding was initiated?
- Are there any business assets that really benefit the spouse, but are off the tax return and financial affidavits?
- Is there any deferred "cookie jar" income for the spouse?
- Is there any direct pay of the spouse's obligations?
- Are there any shareholder or business "loans" indicating no real repayment?
- Are there any related-party transactions that benefit the "other party" connected with the spouse?
- Are there "sweetheart deals" with parties "friendly" to the spouse that dissipate marital assets?
- Is there any unreported bartering to the benefit of the spouse?
- What are the spouse's pension, IRA and 401(1) plans really worth?
- How much of these plan benefits can be in a QDRO?