When you divorce, it is your legal responsibility to disclose all the financial records pertaining to your business and your monthly controllable cash flow. As the company’s owner, you benefited from certain business expense tax breaks during your marriage. When you get divorced, that money is generally considered income.
Divorce Attorney Dorie A. Rogers has nearly 30 years of experience helping business owners plan for divorce. She understands the importance of hiring a forensic accountant to evaluate your monthly controllable cash flow.
This specialist can also evaluate your financial records to find income. Understanding your true income is important not only for establishing the value of your business, but also for determining child support and spousal support (sometimes called alimony).