There is much at stake in most divorce proceedings, especially those involving a significant amount of assets. Making sure you walk away from your marriage with what you deserve is essential for your own well-being, but doing so might not be easy if you expect conflict during the split.
Hiring a forensic accountant can be a strong preemptive measure that ensures you have every tool you need when negotiating asset division in your divorce. Your forensic accountant is likely to dive deep into sensitive financial matters, though, so it is crucial to know when these services are necessary and how to find the best professional for the job.
When do you need a forensic accountant?
The role of a forensic accountant is to accurately evaluate the financial circumstances of a person, group or business without bias. You can benefit from the services of a forensic accountant if you own a business and need to know the full value of the company and its assets for the sake of your divorce. You might also hire a forensic accountant if you believe your spouse may be hiding assets from the divorce court.
What should you look for in a forensic accountant?
Working with a forensic accountant means granting an outsider the right to access sensitive information about yourself and possibly your spouse. This individual, therefore, should be highly professional and reputable. Make sure you are choosing someone who is impartial and who will respect your privacy every step of the way.
A forensic accountant can equip you with a business valuation that may make all the difference when negotiating asset division and ownership. If your spouse is hiding assets from you, then a forensic accountant becomes even more important for ensuring a fair outcome in your divorce.