Calculating Net Spendable Income with Boris Sobolev | Episode 114

Understanding Net Spendable Income in Divorce: Insights from a Financial ExpertIn this episode of Divorce at Altitude, Ryan Kalamaya is joined by financial expert Boris Sobolev from Cornerstone CPA Group to discuss the critical concept of net spendable income in the context of divorce. As part of the financial analysis that impacts alimony (maintenance) and child support, Boris explains the complex process of determining an individual’s true disposable income, including how to account for taxes, required expenses, and business income. They also delve into the importance of business valuations and how these elements come into play when determining fair financial obligations in a divorce. This episode provides essential insights for anyone involved in a divorce case, especially when complex financial issues are at stake.Guest Information: Boris Sobolev is the Managing Partner of Cornerstone CPA Group, a Denver-based firm specializing in divorce-related financial services. With nearly two decades of experience, Boris is an expert in business valuations, gross income determination, forensic accounting, and the analysis of trust interests. He regularly works with divorce attorneys to evaluate income sources, determine net spendable income, and provide expert testimony in high-net-worth divorce cases.Episode Outline:Introduction to Net Spendable Income in DivorceRyan and Boris introduce the topic of net spendable income and its importance in divorce cases.What is Net Spendable Income?Definition of net spendable income in the context of divorce.The Relationship Between Business Valuations and Net Spendable IncomeHow business valuations are tied to determining an individual’s income in divorce cases.Retained Experts vs. Joint ExpertsDifferences between retained experts hired by one party vs. joint experts in divorce cases.Factors Affecting Net Spendable IncomeCommon deductions in a net spendable income analysis: taxes, health insurance, debt service, and child support.Real-Life Examples of Net Spendable Income AnalysisCase scenarios of business owners, including real estate brokers and doctors, who have varying income sources.Challenges in Determining Maintenance and SupportHow net spendable income impacts decisions around spousal maintenance (alimony) and child support.What is Divorce at Altitude? Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado. To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here.  If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [email protected].************************************************************************DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.