Stanley Foodman, Certified Public Accountant

   
 

Family Law & Personal Injury

Divorce is one of the most painful events in life. It can change a couple from the best of friends to the worst of enemies. At Stanley I. Foodman, P.A. we understand the delicate nature of these proceedings. Having been a certified family mediator for several years Stanley I. Foodman is personally familiar with the anguish associated with the breakup of a marriage. While sympathetic to the plight of both parties, we recognize that an equitable distribution of the marital estate is not easily accomplished. Accurate valuation of assets, life style analysis, and an honest reflection of income are often not forthcoming from one or both of the parties. At Stanley I. Foodman, P.A., we have provided independent accurate verification of those critical items for more than thirty years.

Personal injury is another traumatizing pain-based event. It can lead to permanent disability or death. Arising from a variety of causes such as motor vehicle accidents and substandard medical care, it may have devastating personal and economic consequences. At Stanley I. Foodman, P.A. we are often engaged to calculate the actuarial amount of financial damage resulting from a personal injury for purposes of settlement or testimony at trial. These damages can run the gamut in complication from lost wages to damage to a business resulting from an injury induced inability to manage it. At Stanley I. Foodman, P.A., we have a reputation for integrity that allows us assist both plaintiff’s counsel and defense counsel in arriving at supportable damages amounts.

Case Study 1

A doctor and his wife of twenty-five years are dissolving their marriage. The husband has been the sole provider of income for the family during the entire marriage. The wife asserts that her husband’s financial affidavit is incorrect. Analysis of his practice which includes retail sales of nutritional products as well as their life style bears out the truthfulness of her assertion. The husband claims that his average annual income during the three years leading to the divorce is $130,000. The husband offers to pay his wife $50,000 in alimony annually for six years and guideline child support. He agrees to provide his estranged wife with $130,000 of alimony for six years, college tuition for her at a local state university for the same period and guideline child support and transfer the marital home to her name. What happened? Why the difference? Analysis of the husband’s patient calendar and his nutritional products business revealed unreported annual cash income of approximately $220,000 for the same three year period.

Case Study 2

A successful business man goes to his cardiologist who recommends angioplasty for a partially blocked artery. A week later he goes into the hospital for the angioplasty and dies during the procedure. The wife of the deceased sues the doctor and the hospital. Doctor and hospital offer a combined settlement amount of $500,000 but settle for $1million at mediation. Why? Our sustainable conservative analysis of damages well in excess of the $1 million and the advice of their counsel to settle upon review of our analysis.

Back-to-Top

 

 
   

We are multilingual: English, Spanish, French, Creole, Hebrew, Yiddish

Other product and company names mentioned herein may be the trademarks of their respective owners.

© 2005 Stanley I. Foodman, CPA. All Rights Reserved

Internet Privacy Statement  |  Terms of Use  | Site Map