Family law services handbook : the role of the financial expert

453 Pages·2011·3.709 MB·English

by  Donald A. Glenn, Thomas F. Burrage, Donald DeGrazia, William Stewart

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Family Law Services
Handbook
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Family Law Services
Handbook
T R F E
HE OLE OF THE INANCIAL XPERT
DONALD A. GLENN
THOMAS F. BURRAGE
DONALD J. DEGRAZIA
WILLIAM B. STEWART, JR.
JOHN WILEY & SONS, INC.
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LibraryofCongressCataloging-in-PublicationData:
FamilyLawServicesHandbook:TheRoleoftheFinancialExpert/DonaldA.Glenn...[etal.].
p. cm.
Includesbibliographicalreferencesandindex.
ISBN978-0-470-57253-5(cloth); ISBN978-0-470-91696-4(ebk);
ISBN978-0-470-91697-1(ebk); ISBN978-0-470-91698-8(ebk)
1.Divorcesuits–UnitedStates. 2.Forensicaccounting–UnitedStates.
3.Equitabledistributionofmaritalproperty–UnitedStates. 4.Childsupport–Lawand
legislation–UnitedStates. 5.Divorce–Economicaspects–UnitedStates. I.Glenn,DonaldA.
KF535.D5572011
(cid:2)
346.730166–dc22
PrintedintheUnitedStatesofAmerica
10 9 8 7 6 5 4 3 2 1
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Toallthepioneersofforensicfamilylawaccountantswhoprecededus:
Theirdedicationandconducthavepavedthewayfortherestofus
anddonesomuchforthecredibilitywepresentlyenjoy
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CONTENTS
Preface xvii
Acknowledgments xix
PartOne FamilyLawLitigationandFinancialExperts 1
1 Introduction 3
1.1 Introduction 3
1.2 DevelopmentofPropertyLaw 3
1.3 U.S.PropertySystems 4
1.4 RoleofFaultinDivorce 4
1.5 Support 4
1.6 PropertyValuation 4
1.7 PropertyDivision 4
1.8 IncomeTax 5
1.9 MaritalFraud 5
1.10 Conclusion 5
2 DivorceAssignmentsandthe FinancialExpert 6
2.1 InitialContact 6
2.2 EngagementTermsandConditions 12
2.3 CaseManagement 14
2.4 ListofCases 18
2.5 Notes 21
3 PlanningandCoordinatingDiscovery 22
3.1 Introduction 22
3.2 FormsofDiscovery 24
3.3 FinancialExperts 25
3.4 ExpertDiscovery 27
3.5 EvaluationofAdverseExpert 28
3.6 Conclusion 29
PartTwo ChildandSpousalSupport 31
4 ChildandSpousalSupport 33
4.1 Introduction 33
4.2 ChildSupportFactors 34
4.3 ChildSupportGuidelines 35
vii
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viii Contents
4.4 CollegeandOtherExtraneousExpenses 36
4.5 UniformInterstateFamilySupportAct 37
4.6 FullFaithandCreditforChildSupportOrdersAct 38
4.7 IntroductiontoSpousalSupport(Alimony) 38
4.8 SpousalSupportFactors 38
4.9 TypesofAlimony 41
4.10 IncomeAvailableforSupport 42
4.11 ImputationofIncome:AbilitytoEarn 45
4.12 ImputationofIncome:Assets 47
4.13 DoubleDipping 47
4.14 Conclusion 48
4.15 Notes 49
PartThree CharacterofProperty 51
5 CommunityPropertyorEquitableDistribution 53
5.1 Introduction 53
5.2 DefinitionofProperty 54
5.3 CharacterizationofProperty 55
5.4 DivisionofCommunityorMaritalProperty 57
5.5 TransmutationAgreements 58
5.6 PremaritalAgreements 59
5.7 TracingandApportionment 61
5.8 Notes 62
6 TracingBankandInvestmentAccounts 64
6.1 Introduction:CircumstancesandObjectivesofTracing 64
6.2 WhatConstitutesSeparatePropertyandCommunityProperty? 68
6.3 TheCommunityPropertyPresumptionandtheBurden
onSeparateProperty 69
6.4 IntentandFiduciaryDuty 70
6.5 TracingMenuChoicesinCalifornia 71
6.6 PuttingonTracingEvidenceatTrial 75
7 RealProperty 77
7.1 RealPropertyinDivorce 77
7.2 PersonalResidence 78
7.3 RealEstateInvestments 80
7.4 ApportionmentofSeparatePropertyInterests 82
7.5 AllocationofIncomeandDeductionsduringPendenteLitePeriod 84
7.6 Notes 85