Income & expenditure for divorce proceedings
Appointment Type: Expert advisor
Service Area: Divorce and Matrimonial Matters
Litigation Type: Other
Size of Case: £100,000 - £500,000
Appointed by the husband involved in divorce proceedings to trace funds received into and paid out of 19 different bank and 9 credit card accounts over a two year period in order to understand the overall income generated and expenditure incurred by the wife.
The work involved analysing 12 lever arch files of documentation and determining the financial outcome of investments made through a Swiss bank account for which statements had not been provided. The data contained in the 12 files was consolidated onto two sides of A4 as part of the analysis process by the NIFA expert – one showing expenditure and one showing income, presenting a clear and concise summary of the transactions which had occurred.
The analysis was used by Counsel to produce a schedule of add backs to be addressed in the divorce proceedings.