Family Law

Family law forensic accounting involves many complex personal and financial issues. It is an area that requires highly committed and experienced experts who understand the accounting and legal intricacies in this very specific area of the law. The powerful combination of our partners, our considerable staff and back-office resources gives us the capacity to handle matters of all sizes.

We assist counsel in the preparation of document requests, processing produced documents and we assist counsel in depositions of experts and other parties. To handle all case documentation, we have integrated our proprietary customer software around the Laserfiche® document management platform. This paperless case management software allows simultaneous access to our digital document files by our staff, our clients and counsel via highly secure remote access portals.

Spousal & Child Support
Almost every family law matter has elements of support within its scope that entails preparation of declarations, reports, exhibits and testimony. Issues of support include sources of income, gross cash flow, post-separation reimbursement accountings, guideline support calculations, and determination of the marital living expenses of the parties, income tax allocations and proposed property divisions.

Apportionment of Assets
It is a common occurrence for married people to commingle assets they acquired prior to marriage with property acquired during the marriage. The process of determining the amounts of separate and community property for family law is known as apportionment. Any real, personal or intangible property may be apportioned between community and separate property interests.

Business Valuation
We frequently value professional and other business interests for marital dissolution purposes. We translate the complex technical and legal aspects of business valuation and economic analysis into documentation that is understandable and defensible upon audit or in court. We pride ourselves on the integrity of our research and our ability to provide clients with a clear understanding of the theories and techniques we employ. Our staff includes personnel with advanced degrees in finance, accounting and economics, as well as professional designations from the Chartered Financial Analyst Institute (CFA) and the American Institute of Certified Public Accountants (AICPA) designated as Accredited in Business Valuation (ABV).

Tracing of Accounts and Property
Gursey | Schneider LLP is regarded as the industry leader in complex tracings to uncommingle community and separate property in bank and investment accounts. Couples frequently combine their separate property inheritances, pre-marital property and real estate proceeds with earnings and other community property. In most cases, if records are available, Gursey | Schneider LLP can trace each account's deposits and disbursements to or from their sources, thereby "untangling" the commingled property. In particular, the object of tracing is to segregate the account holds (cash, stocks, bonds, etc.) into separate and community property components.

Our large and well-trained staff processes massive complex tracing assignments. We have successfully performed tracings of more than 20 years in duration and with more than 10,000 transactions within them. All of this has been possible as a result of our proprietarily developed tracing software, Digitrace©, which allows concurrent processing of thousands of transactions in multiple accounts, followed by quick output of published reports and results. The strongest feature of Digitrace© is its ability to trace margined investment accounts by tracking the marginability of each stock or bond with the application of daily stock exchange closing prices. Simply put, our tracing solution has no accounting industry peer.

Expert Witness Testimony
Our finding and conclusions frequently require oral testimony in deposition and trials. As one of the largest family law accounting practices, we have specific accreditation as experts in this area, are familiar with the various court personnel, the requirements and skills of testimony and all the experience needed for the most complex family law proceedings.