Following the Money Trail: Forensic Accounting in Divorce with Kristin DiMeo • Your Divorce Case

Uncovering Hidden Assets in Divorce with Forensic Accountant Kristin DiMeo

In this installment of our "Your Divorce Case" series, Seth and Pete welcome Kristin DiMeo, a forensic accountant and expert witness who has seen Seth in action representing clients in mediations and trials. The conversation focuses on Kristin's role in the divorce process, looking backwards at a couple's finances to uncover and analyze assets that may be hidden or overlooked.

As a CPA, Kristin compiles and examines past financial records to help answer key questions about a divorcing couple's money matters. Beyond digging into the details, she also assists clients and attorneys in settlement discussions and preparing exhibits for court. Seth and Pete dig into what someone should expect when working with a forensic accountant like Kristin and how she approaches complex issues like business valuations.

Questions we answer in this episode:

• What does a forensic accountant do in divorce cases?
• How does a forensic accountant work with divorcing individuals and attorneys?
• What are the different approaches to valuing a business in a divorce?

Key Takeaways:

• Forensic accounting is about uncovering financial details, not always catching deception
• Divorcing individuals can help the process by gathering as many financial documents as possible
• Business valuations in divorce consider assets, income, the market and non-marital factors

For anyone facing a divorce who is unsure about the complete financial picture, this episode is a must-listen. Seth, Pete and Kristin break down the crucial role a forensic accountant can play in ensuring all assets are accounted for and valued properly to enable fair settlement discussions. Tune in for an inside look at the financial side of untangling a marriage.

Links & Notes

• Schedule a consult with Seth
• Got a question you want to ask on the show? Click here!

• (00:00) - Welcome to How to Split a Toaster

(02:01) - Meet Kristin DiMeo (03:00) - The Forensic Accountant’s Role (05:38) - Creating Transparency (10:49) - One or Both Parties (11:30) - Setting Up Your Expectations (15:44) - Discovery Methods (18:41) - Business Valuations (20:52) - Asset Approach (25:50) - Common Complications (29:02) - Alimony and Child Support (31:35) - Trial (35:29) - Live Questions (42:38) - Wrap Up

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