Hiring a Forensic Accountant for Your Divorce may be Necessary

With the many complications involved in divorce–both financial and the stress it places on the individuals involved–the last thing one needs to deal with is the suspicion that the opposing spouse is hiding assets or unreported income during the legal process of dividing marital assets and debts. It is in cases such as this when a specialist with experience in forensic accounting in divorce cases becomes necessary.

This is a very confusing experience for an individual without a professional’s involvement. Locating hidden assets is one of the most difficult aspects of divorce. This is why it becomes crucial to employ a professional with expertise and experience in this line of work. Because there are many discrete ways of hiding assets, including false documents and handing assets off to third parties, the complicated process is nearly impossible without the skills of a forensic accountant.

Forensic accountants possess not only the skills of a certified public accountant, but also the needed financial investigation techniques to locate unreported incomes and assets, as well as benefiting the case by acting as an advisor to the client’s attorney in matters such as tax and finance practices and providing the ability to testify as an expert witness in court.

Divorce is, at its essence, the legal process of dividing assets. As this is the core principle, it becomes essential that the path taken is one possessing all the facts in order for the case to go as quickly and smoothly as possible. When faced with the possibility that the opposing spouse is untruthful in reporting property and/or income, the most important element in the divorce case becomes dealing with this roadblock. It is the foundation on which distribution of assets and all other financial choices are built. Contact us to discuss issues regarding your divorce.

Share on facebook
Share on twitter
Share on linkedin
Share on pocket
Share on email
Related Posts

Guidelines for Divorced and Separated Families During COVID 19

Leaders from the American Academy of Matrimonial Lawyers (AAML) and AFCC have released guidelines for coparenting during the COVID-19 pandemic. Seven Guidelines for Parents Who Are Divorced/Separated and Sharing Custody of Children During the COVID19 Pandemic BE HEALTHY. Comply with all CDC and local and state guidelines and model good behavior for your children with

Read This

Valentine’s Day Survival Tips for Divorced People

No matter what time of the year it happens, divorce is unpleasant. But those dealing with a divorce around Valentine’s Day can find the romantic imagery of hearts, flowers, candy, the focus on love and couples, and the hoopla of the holiday particularly painful and isolating. While going through a divorce and the heartache of

Read This

Get the help you need.

Call us to schedule a Free Case Evaluation.