Assistance We Provide

The CBIZ Litigation and Valuation Services team helps individuals, couples, and their attorneys in a variety of ways. including assets and debts, income, living expenses, pensions, forecasts, taxes, valuation, separate property and dissipation of marital assets.   Getting the help you need early in the divorce process can save you and your spouse time and resources.

• General

• Help relieve some of the panic, instill calm, take some of the emotion out of financial issues

• Develop understanding of the financial issues, the decisions that need to be made and the financial consequences of those decisions

• Help to develop household budgets

• Assets/Debts

• Collect accurate and complete information about the assets

• Value (or organize valuation of) the assets, taking into account tax implications

• Help to decide division of assets

• Advise on marital/separate property issues

• Collect all the information about debts

• Help decision-making on how to divide/deal with the debts

• Income

• Collect accurate and complete information about income streams, deductions, etc.

• Determine income that should be counted by self-employed or in closely- held businesses

• Lifestyle/Living Expenses

• Determine the resources a spouse needs to maintain his/her lifestyle

• Pensions and Retirement Plans

• Help to decide whether pensions need to be divided, or valued for offset with other assets

• Value pensions

• Ensure that pensions are divided correctly, taking into account separate/marital portions, vesting, etc.

• Advise on what should be included in the separation agreement regarding pensions so that it mirrors the content of the Qualified Domestic Relations Order (QDRO)

• For attorneys, review QDROs drafted by opposing counsel to ensure that they include all aspects needed to protect client

• Forecasts

• Take all the relevant information and provide forecasts of cash flow and net worth to assist in decisions about maintenance and child support

• Taxes

• Show tax impact of decisions, including deductions, child deductions, maintenance

• Help to avoid possible tax problems such as recapture, capital gains, approved retirement scheme penalties, etc.

• Helpto decide who should take child deductions and what filing status to use

• Valuation

• Value business interests, or reviewing the valuation done elsewhere

• Value stock options, stock in private companies, deferred compensation, and trust interests

• Separate Property Tracing

• Determine whether the separate property claim of a spouse is in fact separate, and if so, the value

• Dissipation of Assets

• Determine whether marital funds have been used or transferred inappropriately by a spouse