Although individuals involved in high-asset divorces use forensic accountants more commonly, anyone involved in a divorce with complex financial situations can benefit. If, for example, you and your spouse share a business, have varied investments, stock options, or otherwise complex finances, a forensic accountant can help. Even more common financial investments, like retirement funds or insurance policies, might benefit from review by an experienced forensic accountant.
A forensic accountant can help with the following:
Looking for hidden assets
Evaluating any inconsistencies
Determine personal expenses
Take stock of valuables, including art collections, antiques, collectibles, etc.
Appraise necessary assets and properties
Assess the long-term financial impact of various divorce settlements
To thoroughly assess your assets and full financial situation, your forensic accountant will review tax returns, account and credit card statements, property deeds, investments, stocks, and other important documents and records. Any unexplained or outlying behaviors will be recorded, analyzed, and investigated for your benefit.
In contentious divorces, it is important to ensure everything named in your marital property is fairly evaluated before division. If your spouse fails to report certain assets to the court, either on purpose or by mistake, it could significantly alter the way your assets are divided, and how certain divorce settlements are decided. If you have questions regarding complex financial issues that may impact your financial future after divorce, speak with your divorce attorney to consider adding the services of a forensic accountant to your case.
At McKenzie Forensic Divorce Group, our firm works with experienced, trustworthy professionals who excel in their field. If your divorce case requires special financial attention, or you worry your spouse might have hidden assets, we are experienced in working with forensic accountants and other financial professionals in preparing your case.