CASE Study

Lifestyle Analysis in a Divorce Case

When tasked with a long-term spousal support analysis, Certified Divorce Financial Analyst®’s need to look at four main factors: marital standard of living, post-divorce cost of living, the payors’ ability to pay, and the recipients’ ability to earn. They then must present these findings in such a way that the attorneys, judges, and clients alike can understand why the spousal support should be awarded at the determined amount. 

Specifically in a high-net worth divorce case, like the one Victoria Kirilloff, CDFA®, NCPM®, CDS®, of Divorce Analytics was working on, the numbers presented to a judge for the spousal support may seem astronomically high. Ms. Kirilloff had to make sure the numbers she put forward were irrefutable and backed by evidence.

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Process

Given the fast turnaround needed and high number of credit card and bank accounts to sort through, Ms. Kirilloff turned to Valid8 to help to provide a spousal support analysis quickly.
Upon receiving the documents for analysis, Ms. Kirilloff faced an electronic “pile” of pdfs that needed to be organized and individually identified before the analysis could begin. Utilizing Valid8 and its ability to recognize statements within files, she was able to dramatically accelerate this process and avoid the work of manually separating and organizing the files.
Valid8’s Date Gap Analysis feature was key to identifying which statements were missing. Ms. Kirilloff could then rapidly request the missing information.
Manually categorizing the transactions (over 12,000 in this case) to come up with a comprehensive and clear lifestyle analysis would have been a daunting task. The AI Categorization feature made this case feasible in the timeframe provided.

Outcome

Accelerated Analysis: With the automated extraction process, Ms. Kirilloff was able to quickly designate statements into their associated account to begin tracing the flow of funds.
Higher Spousal Support Need: Ms. Kirilloff was able to quickly identify the need for a higher spousal support to be awarded based on the automations and analysis done.
Full Population of Data: Because Valid8 swiftly compiles all the data in a workable format and identifies the gaps, Ms. Kirilloff knew the analysis was built on irrefutable evidence.

Customer Testimonials

“Without Valid8’s AI Categorization, there is no way I would’ve been able to complete this case within the timeframe presented and it probably saved my client fifty hours’ worth of work, if not more.” - Victoria Kirilloff, CDFA®, NCPM®, CDS®, Divorce Analytics

“Between the features and the support provided by the team, Valid8 is on a level that cannot compare with other data extraction tools.” - Victoria Kirilloff, CDFA®, NCPM®, CDS®, Divorce Analytics

Need to prepare evidence? Help your team follow the flow of funds faster.

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