Financial Aid with Alimony Modification
Did you get divorced in the State of Florida? Do you pay alimony? Is your business or your income suffering because of Coronavirus? Are you unable to make the same level of income going forward because of the lasting effects of COVID19? Or has the pandemic and consequent lockdown put you completely out of business? Did your former spouse come into a windfall? Perhaps her significant other has moved in with her and they [...]
Fraud During The COVID-19 Crisis
The coronavirus pandemic has had various effects on people throughout organizations. One growing problem is the increased risk of occupational fraud caused by social, emotional, and economic turmoil. There are several reasons why business people cheat and steal during a crisis like COVID-19, and a few ways businesses can mitigate their risk of fraud. Economic Pressures One of the primary drivers of occupational fraud during economic turmoil is personal financial loss (both actual and perceived). [...]
Ripple of Hope
June 6th marks a significant date in the history of our country. On June 6, 1944, the Allied forces launched the greatest combination of air, land, and sea power in the Invasion of Normandy. Today, 76 years later, our country is in the midst of great uncertainty, turmoil, and unrest. In this season, may we never forget those brave men and women who fought to protect our great freedoms. May we continue to stand today [...]
An Overview of the Collaborative Process
The collaborative law process is a structured environment for dispute resolution. It is unlike mediation because before beginning the process, both parties and all participants need to have a full commitment. With everyone’s buy-in the chances of success are very high; the national success rate is 86% according to www.collaborativepracticeflorida.com. These are cases that ended with a full resolution of all issues. Real success with the collaborative process happens when “all parties are happy, and [...]
Isn’t Collaborative Divorce Too Expensive for Regular People Like Me?
I hear all the time that normal people can’t afford a collaborative divorce. Regular people who come to me for counsel on how best to restructure their families (of course, that’s not how they frame it up when they first walk through the door!) tell me this all the time. But collaborative divorce is not just for the rich and famous. I teamed up with Shannon Green, a certified public accountant and collaborative financial neutral [...]
Six Secrets to Be a Valuable Note-Taker in Collaborate Divorce
Those of us who have been through training in the Collaborative process under the one coach model are familiar with the collaborative team. This team consists of an attorney for each party, a financial neutral, and a neutral facilitator. The team is designed to be complete, for each party to have representation, and the neutrals to be able to present unbiased information to each party. The truth is that this is not a complete team; [...]
How Far Is Too Far for the Financial Neutral?
We all learn during collaborative basic training of the importance of each team member staying “in their lane”. We learn this is particularly true for neutrals, whose single biggest pitfall is perhaps the risk of losing the perception of neutrality. As we know, once a client perceives that the neutral professional is no longer acting ‘neutral’, trust is lost, and the case is likely headed down a destructive path. Thus, it is crucial for the [...]
Three Steps to Avert Fraud
Since transitioning my CPA practice to one hundred percent forensic and valuation, I have been amazed at the number of calls received at my office from business owners concerned about an employee or a partner misappropriation of company assets. […]
Value and Risk
We have all heard the expression “the greater the risk the greater the reward”. The adage remains true when considering the value of a company. The value of a business is impacted by the amount of risk involved in receiving a future reward. As with all investment decisions, the risk-to-reward tradeoff must be measured. In general, the greater the risk, the lower the current value (and therefore greater future reward) is in the eyes of [...]
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. […]