We work with separating couples and their family law lawyers in a collaborative setting where financial professionals are required. Specifically, we are jointly retained to provide independent expert business and stock option valuations for Net Family Property (NFP) determinations for equalization purposes. We also provide income assessments for spousal and child support purposes.
WE'LL PROVIDE THE SUPPORT
Collaborative Family Law (also called Collaborative Practice or Collaborative Divorce) is an out-of-court settlement process for separating spouses that strives to preserve the emotional and financial resources of the family.
This non-adversarial approach is mutually respectful and solutions-oriented. Spouses work together on the issues with their lawyers present for guidance and advice. In addition, the couple can draw upon neutral experts to help them, such as financial professionals, child specialists and family professionals.
Jason Kwiatkowski, CA, CBV, ASA, CEPA has completed level I & II training with the Ontario Collaborative Law Federation (OCLF) (http://www.oclf.ca) and is a member with the York Collaborative Practice (http://www.yorkcollaborativepractice.com) and the Collaborative Practice Durham Region (http://www.durhamcollaborative.com).
WE CAN HELP
Call a VSP professional when you need financial assistance with the following:
- Business and stock option valuations for Net Family Property (NFP) determination
- Income assessment for spousal and child support purposes
- Assistance with structuring the equalization payment
A summary of the process we typically follow with our litigation support matters is as follows:
Under the planning phase we have an initial meeting to discuss certain background information and determine the scope and timing of our engagement. An engagement letter is executed and we provide a schedule of the initial information we require. Preliminary research is also conducted.
Initial meeting to discuss background information, scope and timing of engagement
2. Obtain signed engagement letter
3. Provide preliminary information request
4. Conduct preliminary research
Under the execution phase we review the initial information provided, meet with management and provide a schedule of the additional information we require and/or follow up questions we have. We also conduct additional research (e.g. company, industry, economy, etc.) and complete our valuation analysis and draft report.
Assist with document production
2. Review and analysis of preliminary information received
3. Additional research – company, industry, etc.
4. Additional information gathering, including follow-up meeting/interview of management
5. Preparation of draft report
Under the reporting phase we provide our draft report for management’s review, meet or speak with management to discuss the draft report, refine our analysis if necessary, obtain a signed management representation letter and issue our final report.
Meeting to discuss preliminary findings and draft report
2. Refine analysis and, if necessary, gather additional information
3. Obtain signed representation letter
4. Issue final report