Divorce itself is a very complex matter that carries many issues within. Emotional, economical, legal traits are always mixed in a pretty exhausting process. If you’re going through divorce, you can gain peace of mind with a business valuation expert witness. These professionals can lead to a fair separation of property business community property.
Crosscor Valuations & Forensics Inc. can provide these services to you. Its founder and principal, Greg Raffaele, began his forensic accounting career in 1989. He’s provided expert witness testimony and depositions in many legal matters. Cash flow for spousal, child support and property valuation; characterization, reimbursement, apportionment and division are some of the areas Mr. Raffaele covers.
What’s exactly Business Valuation?
In a divorce litigation or divorce mediation, business valuation is used to divide the separate property business or the community property business. This procedure is an estimate of the economic value of a business as of a certain date. It doesn’t contemplate an emotional value. In a divorce litigation, business valuators may have different opinions regarding the value of a business. Sometimes, these differences lead to controversies. The main objective of business valuation is to mediate between the two positions.
In this process, both parts gain peace of mind with a business valuation expert witness. The value of the business is based on relevant facts. Informed judgment and common sense lead to a reasonable price. For this matter, the Crosscor Valuations & Forensics Inc. uses the capitalized excess earnings method. Any unreported income and personal expenses are deducted as business expenses. This lowers the reported earnings of a business. If it’s not adjusted, the value of a business decreases.
Community property means the business was acquired or formed during marriage by either spouse. In these cases, you only need one business valuation as of a certain date. Commonly, the date of trial is the most practicable day closest to it is the presumed valuation date of the business. Still, this date can be refuted. When this happens, the date of separation or an alternate valuation date before the trial is used to value the business.
We have a solution for you
Crosscor Valuations & Forensics Inc. has a solid reputation in this type of litigations. Mr. Raffaele can make sure you can gain peace of mind with a business valuation expert witness to arrive to a far result in your case. Call 949.264.1455 or send an email to [email protected] with any questions or concern you may have.