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How Can Forensic Accountants assist in Determining Damages related to Hurricane Claims?

Forensic accountants use their skills to compile, organize, and analyze data to present information to insurance adjusters that assists them in understanding financial information and establishing fact patterns as it relates to adjusting insurance claims.

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The Collaborative Divorce Process in Florida Law

In recent years, divorce has become an ugly beast that pits two people against each other. Collaborative divorce has sprung up as an alternative in an effort to give aid to couples who wish to part amicably. But how does collaborative divorce work? How does it begin and end, and what happens if a peaceful settlement cannot be reached?

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Child Support: Parenting Plans & Substantial Time-Sharing

The legal standard in every child support case is for the court to approve a time-sharing plan that operates in the child’s best interest. The court will consider several factors to determine this parenting plan, such as financial and daily decision-making responsibilities.  The following is an excerpt from Florida Statute 61.13 pertaining to a parenting plan:

 61.13 (2)(b)  A parenting plan approved by the court must, at a minimum:

  1. Describe in adequate detail how the parents will share and be responsible for the daily tasks associated with the upbringing of the child;
  2. Include the time-sharing schedule arrangements that specify the time that the minor child will spend with each parent;
  3. Designate who will be responsible for: (a) Any and all forms of health care. If the court orders shared parental responsibility over health care decisions, the parenting plan must provide that either parent may consent to mental health treatment for the child; (b) School-related matters, including the address to be used for school-boundary determination and registration.
  4. Other activities; and
  5. Describe in adequate detail the methods and technologies that the parents will use to communicate with the child.

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New Trends for Florida Divorcing Couples

Divorcing couples in Florida often rely on the services of a forensic accountant to help resolve their hotly debated financial issues.  When spouses are unable to reach financial agreements, Florida’s domestic relations courts have a duty to determine spousal support and divide the marital assets, which often include the valuation of a business.  The forensic accountant provides business valuation services to assist the court with the proper division of assets and liabilities.  Following is an overview of how equitable distribution and alimony support payments work for divorcing couples in Florida.

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Florida Retroactive Alimony Modifications

Recently in Florida, there have been major proposal changes by the Senate concerning alimony support payments for divorcing couples.  On February 8, 2013, a bill was introduced which would have amended the current laws in Florida and called for the elimination of permanent alimony awards in the state.  Alimony is typically a monthly payment that is made to provide for the maintenance and support of a spouse after a divorce.  For long-term marriages, alimony payments may be permanent in nature (until a material change in circumstances occurs).

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