Calculating Net Spendable Income with Boris Sobolev | Episode 114

Divorce at Altitude Podcast

Determining financial support in a divorce can be emotionally draining and overwhelming, but it does not have to be. Today, we talk about everything maintenance, to help listeners navigate the process and provide insight to ensure you get the best agreement possible. We have covered this topic before in Episode 77, but today we take a deep dive into net spendable income with financial expert Boris Sobolev.

Boris is a managing partner at Cornerstone CPA Group which provides personalized financial guidance to local individuals and businesses. Although his work focuses on business valuations, he is also involved with maintenance agreements for divorce proceedings and helps clients navigate difficult and complex financial analyses. 

In this episode, we learn about net spendable income, the challenges of determining income, the similarity between business valuations and net spendable income, and why gross income is the basis for maintenence calculations. We also run through different scenarios with regards to tax, deductions, income from a business, and real estate when calculating net spendable income. 

Key Points From This Episode:

  • Boris explains the definition of net spendable income with regards to divorce. 
  • What are the commonalities between business valuations and net spendable income.
  • Gross income: the prerequisite to calculating net spendable income. 
  • The factors that need to be considered when calculating net spendable income. 
  • An outline of the different approaches used for business owners when calculating net spendable income. 
  • An example of why determining the average income and sustainability of a business is important.
  • The difference between someone earning an income as opposed to a business owner.
  • The benefits of using experts in determining maintenance. 
  • A walkthrough of the net spendable income analysis when going to trial for support proceedings. 
  • What are the kind of disagreements experts have when reaching an agreement.

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 injury, 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 info@kalamaya.law.

************************************************************************

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.

%d bloggers like this: