Hidden Assets in Divorce Cases
Navigating Complexities in Tax Returns and Financial Statements to Uncover Assets and Income
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide family law counsel with a review of the challenges in locating hidden assets or money during a divorce. The panel will focus on appropriate discovery methods to obtain information, explain ways to analyze financial documents, and outline approaches to prevent dissipation of assets.
Outline
- Income tax returns
- 1040
- Schedules A, B, C, D & E
- 1120S for an S corporation
- 1065 for partnership income
- Financial statements
- Methods to obtain discovery
- Ways to use accountants and other financial experts
- Best practices to avoid dissipation of assets
Benefits
The panel will review these and other key questions:
- What are the key data points to identify when looking at financial documents to determine parties’ income and assets?
- What items in tax returns and financial statements can help identify hidden income?
- What practices can counsel implement to avoid dissipation of assets by the opposing party during the action?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Bruce E. Friedman
Partner
Paule Camazine & Blumenthal
His practice emphasizes cases involving complex financial issues including high net worth individuals, business... | Read More
His practice emphasizes cases involving complex financial issues including high net worth individuals, business valuations, and spousal support. He also focuses on preparation of prenuptial and postnuptial agreements, as well as cohabitation and domestic partnership agreements for same-sex and opposite sex, unmarried couples. He is a frequent speaker and author on a range of family law topics.
CloseConnie Yi
Atty, CPA
Law Offices of Connie Yi
She practices in tax, trust/estate law and forensic accounting for litigation support. She is the host of radio show... | Read More
She practices in tax, trust/estate law and forensic accounting for litigation support. She is the host of radio show "Wealth Preservation and You" on AM1220 KDOW. She represents clients in the US tax court for tax appeal cases and tax litigation. She served as an expert witness for a variety of cases including allocation of tax liability in divorce cases and performed forensic accounting to...
CloseThomas E. Hilton
Partner, Director Forensic and Valuation Services
Anders Minkler & Diehl
His focus includes forensic accounting investigations, divorce valuation and asset tracing, and tax valuation and... | Read More
His focus includes forensic accounting investigations, divorce valuation and asset tracing, and tax valuation and litigation. He is an experienced testifying and consulting expert possessing the ability to artfully communicate complex concepts in cases. He is an adjunct professor of forensic accounting at the John Cook School of Business at Saint Louis University.
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