Family law and estate disputes can be difficult. You'll learn key considerations to better help clients in these types of litigation services engagements. Litigation services engagements As a practitioner, you might be asked to assist in family law matters. Forensic practitioners have numerous roles and responsibilities related to litigation services and family law. You’ll learn more about these roles and their respective responsibilities, including serving in the following capacities: - Consultant - Expert - Neutral Financial matters associated with divorce Three financial issues are often part of divorces. These issues are property division, child support, and alimony. You’ll take a look at the considerations related to these matters. Topics include: - Identifying marital/community assets and liabilities - Tracing and valuing assets - Determining child and spousal support Alternative dispute resolution You’ll also examine alternative dispute resolution methods common to family law matters. In addition to reviewing arbitration and mediation, you’ll also explore topics, such as: - Private judging - Settlement conferences - Collaborative divorce Who Will Benefit - Primary Audience: Members of the AICPA who are interested in earning the Certified in Financial Forensics CFF® credential. - Secondary Audience: Professionals in the broader accounting, managerial, legal, and international business industries with interest in forensic and fraud risk management services. Key Topics - Property distribution - Asset tracing - Asset valuation - Income issues - Child support - Spousal support - Income tax considerations - Alternative dispute resolution (ADR) Learning Outcomes - Compare the different roles and guidelines for forensic accountants in family law cases. - Compare the impact of equitable distribution versus marital/community property law on marital/community property valuation. - Identify methods of asset tracing and its importance in divorce cases. - Identify methods of asset valuation methods and its importance in divorce cases. - Identify the issues affected by income in family law matters. - Identify the types of alternate dispute resolution (ADR).
Learning Objectives
Intermediate