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The basis for Succession Act and Family Provision Act claims is on the basis of needs or specifically in some legislation the costs of maintenance, education and advancement in life. It is necessary to arrive at a lump sum value in respect of those future needs, but how do you calculate a lump sum … [Read more...]
The Role of Forensic Accountants
March 29, 2010 by 1 Comment
The main role of forensic accountants is to assist the courts, solicitors and clients understand the complex financial and accounting issues and presenting that information in a manner that all users can understand. An important addition to that is that the opinions or results are supported by … [Read more...]
Factors in Determining the Level of Future Maintainable Earnings
January 27, 2010 by Leave a Comment
Valuations are dependent upon a number of subjective assumptions. One of the main assumptions involves the level of expected future profitability. It is common to see as a basis for future earnings the average of the previous three years. Whilst the average of the previous three years may be … [Read more...]
Disputed Will – Case Study – Future Needs
November 13, 2009 by Leave a Comment
We were engaged recently to determine a daughter's future needs in respect of her father's estate. The daughter was unmarried and self employed as a writer. Her earnings fluctuated as you would expect with a professional writer, but she did earn a reasonable income on average. There was … [Read more...]
