Family law attorney
Serving Fresno Since 1979
If a party is self-employed, it is necessary to have a cash flow analysis prepared of their income in order to determine their proper income for the purpose of making a proper support order. Just some of the factors that play into determining income are any perks that are paid on behalf of the self-employed spouse, i.e., cell phones, vehicle expenses, insurance, monies paid into a retirement plan, and also depreciation.
It is also necessary when there is a business in a dissolution or legal separation action for the business to be valued to determine the community and/or separate property interest. The three main cases used to determine business valuation are In Re Marriage of Van Camp, In Re Marriage of Pereira, and In Re Marriage of House.