When Spouses Hide Small Business Income in Tennessee Divorce

When Tennessee divorce shifts from possibility to probability, some small business owners may attempt to skirt the truth about their income. There are many reasons why a person might attempt this, none of which are honest and all of which point toward gaining an unfair financial advantage over the other spouse. It’s All Part of.. read more →

Shelby County TN Divorce Alert: Don’t Mess Around with Your Financial Affidavit!

Once the Shelby County, Tennessee, divorce complaint is filed, your personal financial life may be exposed for the court, the lawyers, and the other party to see. Pursuant to T.C.A. § 36-4-116, the judge or chancellor has discretion to require that the parties submit a personal financial affidavit that details their current: ● income and.. read more →

TN Lawyer’s Premarital Accounts Receivable Too Old to Value in Divorce

Tennessee business valuation law case summary – law practice. Tennessee divorce and family law from the Tennessee Court of Appeals. Jahn v. Jahn – Tennessee lawyer divorce with law firm valuation. In a Tennessee divorce proceeding, a Court must specifically identify the marital assets of the parties and establish the value of those assets in order to.. read more →

In Tennessee Divorce, Value of Dentist’s Patient Files May Be Excluded

Tennessee business valuation law case summary – Dental Practice. Tennessee divorce and family law from the Tennessee Court of Appeals. Joy Henly McKee v. Jeffrey Elson McKee – Tennessee Divorce Business Valuation Case – Dentist’s Goodwill It is well established that under Tennessee law, personal goodwill is not considered a marital asset when evaluating a.. read more →

Expert Witness Engagement Letter | Bare Bones for New Experts

Recently, a very nice man asked my help with an expert witness engagement letter for his first engagement.  This was for a product liability action.  He hopes to do more in the future.  I agreed.  Since it was his first agreement and he really wanted this first gig, I included helpful terms to which a lawyer should not.. read more →

Valuing a Dentist’s Dental Practice Under Tennessee Divorce Law

Valuing a Dentist’s Dental Practice Under Tennessee Divorce Law If one party to a divorce owns a dental practice, Tennessee courts often place a value on the practice.  The court then divides the value between the two parties as part of the marital estate.  Both parties are given an opportunity to present expert testimony at.. read more →

Family Lawyers Should Know Forensic Accountants’ Ethics and Standards

  What family lawyers should know about forensic accountants’ ethics and standards to prepare for cross-examination in divorce cases. Experienced forensic accountants will tell you that some of the most devastating cross-examinations can be about ethics and standards. Accountants’ ethical guidelines and standards are rules created to protect the public and clients. For the accounting.. read more →

AICPA’s Independence Requirement for Forensic Accountants | Rule 101

The AICPA’s independence requirement for forensic accountants creates an opportunity for family lawyers to cross-examine inexperienced experts on tough potential conflicts of interest. AICPA’s Code of Professional Conduct requires all CPA’s must be independent: ET Section 101 Independence Rule 101—Independence A member in public practice shall be independent in the performance of professional services as.. read more →

Valuation & Division of Accounting & CPA Firms in Tennessee Divorce

Valuation & Division of Accounting & CPA Firms in Tennessee Divorce Spouses of Accountants Divorcing Needs Expert Witness to Value & Divide Firms and Practices and Goodwill Issues An accounting practice is often considered marital property when two parties divorce, which makes its value subject to division between the two parties.  When determining whether to split.. read more →

AICPAs Code of Professional Conduct Rule 102 for Forensic Accountants

The AICPA’s Code of Professional Conduct Rule 102 applied to forensic accountants requires integrity and objectivity.  But can a couple’s tax CPA testify on behalf of one client against another? In addition to independence, AICPA’s Code of Professional Conduct Rule 102 requires that a CPA maintain integrity and objectivity: ET Section 102 – Integrity and.. read more →