Why You Should Use a Forensic Accountant in Your Divorce
A divorce can get very complicated very quickly. The higher the net worth of one or both individuals, the more difficult it can be to uncover hidden assets, divide property, and more.
An attorney with experience in forensic accounting can assist you with sorting through complex financial situations.
What Is a Forensic Accountant?
A forensic accountant is someone who uses investigative and analytical skills to resolve financial issues. They apply their skills in accounting, auditing, quantitative methods, and financing to ensure financial situations are lawfully upheld.
In divorce, a forensic accountant is primarily used for:
- searching for hidden assets;
- evaluating financial inconsistencies;
- determining personal expenses;
- taking stock of valuables (including art collections, antiques, collectibles, etc.);
- appraising assets and properties; and
- assessing the long-term financial impact of divorce settlements.
The forensic accountant will review all tax returns, billing statements, deeds, stocks, investments, and any other documents important to the divorce. If there are any unexplained or unusual expenses, they will be recorded and analyzed for use in a court of law.
How a Forensic Accountant Can Help
If a divorce is particularly volatile or you believe your partner is hiding assets, a forensic accountant can ensure the full list of property from each party is presented in a divorce proceeding. If one party isn’t truthful about their assets, either on purpose or by mistake, the outcome of the divorce settlement could be significantly altered.
Reach Out to Dale L. Bernstein, Chartered Law Office Today
Our attorney can represent you during your divorce as well as be your financial accountant so you won’t need to seek expertise from a third party. Attorney Bernstein is dedicated to providing you with sound legal counsel and will do his best to ensure your case concludes with a favorable outcome.
Call our firm today at (727) 312-1112 or contact us online.