Florida’s Wealthy Divorces

Uncovering the Truth: The Role of Forensic Accountants in High-Net-Worth Divorces

Episode Summary: 
In this episode of Florida's Wealthy Divorces, Complex Cases, Expert Advice, Stacy Beaulieu-Fawcett joins host Katie Roberts to delve into the fascinating role of forensic accounting in high-net-worth divorces. Stacy explains how forensic accountants play a crucial role in these complex cases, especially when it comes to business valuations, calculating income, and uncovering financial fraud or deceptive practices. She discusses the importance of having the right forensic expert on your team and how they work closely with attorneys to gather critical financial information for divorce settlements or trials. Stacy also shares real-life examples of how forensic accountants can impact a case, from dealing with business assets to unearthing hidden income or expenses.
Timestamps:
00:00 - Welcome to the podcast
00:06 - Introduction to Stacy Beaulieu-Fawcett and forensic accounting in high-net-worth divorces
01:02 - What is forensic accounting and its role in high-stakes divorces?
02:10 - The importance of business valuations in a divorce
04:30 - How forensic accountants calculate income and deal with tax laws
06:15 - The "battle of experts" in court when it comes to income and valuations
07:34 - Neutral forensic accountants and conflicts of interest
08:00 - Can two forensic accountants from the same firm work together?
09:31 - Why forensic accountants need to be ethical and fair in their work
10:15 - When to advise clients to switch forensic accountants
12:09 - How often clients agree to switch forensic accountants
16:07 - How forensic accountants help uncover hidden assets and fraudulent practices
17:44 - Methods forensic accountants use to gather and analyze financial information
About the Show:
Florida's Wealthy Divorces, Complex Cases, Expert Advice is a podcast hosted by Katie Roberts, where legal expert Stacy Beaulieu-Fawcett provides invaluable insights into the world of high-net-worth and high-conflict divorces in Florida. Stacy's strategic approach, attention to detail, and commitment to protecting her clients' assets make her an authority in handling these intricate cases.
 

High Stakes & High Income: Child Support Issues in Florida’s Wealthiest Divorces

Episode Summary:
In this episode of Florida's Wealthiest Divorces: Complex Cases, Expert Advice, host Katie Roberts and family law expert Stacy Beaulieu-Fawcett dive into the complexities surrounding child support in high net worth divorces in Florida. They explore how the state's child support formula impacts wealthy families, the challenges of paying large amounts, and the difficulties of determining what expenses child support should cover. Stacey shares valuable insights into how special circumstances—such as a child with extraordinary medical needs or attending a high-end sports academy—can alter these calculations.
Additionally, they discuss how child support agreements are adjusted over time, particularly when parents experience significant changes in income or lifestyle, and the importance of proactively managing these shifts to avoid future disputes.
Time Stamps:
00:00 – Introduction to the show and today’s topic: child support in high net worth divorces.
02:00 – The challenges of high child support payments in cases involving professional athletes and wealthy clients.
03:50 – What child support is meant to cover and the additional costs beyond it, such as private schools, extracurriculars, and medical needs.
06:00 – The impact of extraordinary medical expenses on child support, including how these costs are shared between parents.
09:00 – How the child support formula can be adjusted in cases of special needs, and the potential use of trusts to manage large support amounts.
13:00 – The intricacies of modifying child support when a parent's income changes, and how businesses and promotions factor into adjustments.
17:00 – How clients are advised to proactively communicate changes in their income or lifestyle to avoid future child support disputes.
18:30 – Conclusion and final thoughts on managing finances during a high net worth divorce.
About the Show:
Florida's Wealthiest Divorces: Complex Cases, Expert Advice is your go-to resource for understanding the nuances of family law in Florida, specifically high net worth divorces. Hosted by Katie Roberts and featuring seasoned family law attorney Stacy Beaulieu-Fawcett, this podcast offers expert insights into complex divorce cases, from asset division to child support and alimony, and how wealth can influence family law decisions.

Custody Battles and Financial Fortunes: A Deep Dive into Wealthy Divorces in Florida

Episode Summary
In this episode of Florida's Wealthy Divorces: Complex Cases, Expert Advice, Stacy Beaulieu-Fawcett dives into one of the most sensitive and complicated aspects of divorce—child custody. From the legal framework of Florida's 21 "best interest" factors to the practical challenges faced by parents, this discussion covers the intricacies of custody arrangements in high-net-worth cases. Stacy explores topics like the role of substance abuse monitoring tools such as Soberlink, the importance of avoiding parental alienation, and how courts address situations where one parent has significantly more resources. She also highlights the emotional impact on children and the ways forensic psychologists and social investigators contribute to custody decisions. This episode provides valuable insights into navigating custody battles while prioritizing the child's welfare.
 
Timestamps:
[00:00 - 00:30] Introduction: Florida's Wealthy Divorces and today's topic on child custody
[00:31 - 01:53] Overview of Florida's "best interest" factors and custody terminology changes
[01:54 - 03:45] Substance abuse and the use of Soberlink monitoring in custody cases
[03:46 - 05:50] Handling substance abuse relapses and monitoring compliance
[05:51 - 07:28] The role of nannies and delegating parenting responsibilities
[07:29 - 09:17] Balancing professional obligations with parenting responsibilities
[09:18 - 10:14] Step-up plans for timesharing as children grow
[10:15 - 12:55] The child's preference: how it factors into custody decisions
[12:56 - 14:37] Financial disparities between parents and their impact on custody cases
[14:38 - 16:43] Parental alienation: its effects and how it is diagnosed in custody battles
[16:44 - 18:44] Real-life examples of alienation and its impact on children
 
About The Show
Florida’s Wealthiest Divorces: Complex Cases, Expert Advice is a podcast that delves into the unique challenges and high-stakes decisions faced in high-net-worth divorce cases. Hosted by Kevin Rosenquist and Stacy Beaulieu-Fawcett, the show features expert insights from top family law professionals, financial advisors, and mental health specialists to help listeners navigate complex legal, financial, and emotional aspects of divorce. Each episode provides practical strategies and in-depth discussions on topics like child custody, asset division, prenuptial agreements, and more, making it an essential resource for anyone dealing with or curious about the intricacies of wealth and family law.
 

High-Stakes Divorces: The Unique Challenges of Complex Divorces in Florida

Episode Summary
In this episode of Florida's Wealthiest Divorces: Complex Cases, Expert Advice, host Kevin Rosenquist and family law attorney Stacy Beaulieu-Fawcett dive into the intricacies of high net worth and high-conflict divorce cases. Stacy shares her expertise on navigating these challenging cases, covering topics such as the most common reasons for divorce among affluent couples, managing complex financial portfolios, and the emotional and strategic challenges of high-stakes litigation. They discuss alimony misconceptions, custody complexities, and the pitfalls of emotional decision-making during divorce proceedings. Packed with practical advice and insights, this episode offers a valuable resource for anyone facing or curious about the unique dynamics of divorces involving significant wealth.
 
Timestamps:
[00:00-00:30] Introduction to the podcast and episode overview.
[00:30-00:46] Introduction of Stacy Beaulieu-Fawcett by Kevin Rosenquist.
[00:46-01:49] Common reasons for divorce in high net worth cases: infidelity and challenges with blended families.
[01:49-03:36] Pain points in high-stakes divorces: endless litigation budgets and alimony misconceptions.
[03:36-05:54] Lifestyle disputes and the challenges of maintaining extravagant standards post-divorce.
[05:54-07:26] Unique challenges when representing affluent clients, including fighting over principles.
[07:26-09:45] Addressing financial control and ensuring fair representation for non-breadwinner spouses.
[09:45-10:47] Factors influencing whether a divorce is smooth or contentious.
[10:47-12:59] Handling divorces involving businesses and complex financial portfolios.
[12:59-15:35] Common mistakes affluent individuals make during divorce, including hiding money and premature new relationships.
[15:35-18:19] Managing custody and support issues in families with multiple residences across different states.
 
About The Show
Florida's Wealthy Divorces: Complex Cases, Expert Advice is a podcast that delves into the intricacies of high net worth and high conflict divorces, offering expert insights from top legal professionals. Hosted by Kevin Rosenquist with renowned divorce attorney Stacy Beaulieu-Fawcett, each episode unpacks the unique challenges faced by affluent families during divorce proceedings. From navigating complex financial portfolios and business valuations to addressing emotional hurdles and custody disputes, the show provides actionable strategies and real-world advice to help listeners understand and manage the complexities of divorce at the highest levels. Whether you're a legal professional, a client, or simply curious, this podcast offers a rare glimpse into one of the most challenging areas of family law.