What to know about using a forensic accountant in your divorce

On Behalf of | Mar 31, 2023 | Divorce

There is often a lot at stake when you are undergoing a divorce, especially when it comes to matters of asset division. If you anticipate a particularly contentious divorce, or if either you or your spouse are business owners, then you need to come equipped with every tool at your disposal to make sure you walk away from the marriage with everything you deserve.

Hiring a forensic accountant is one way to guarantee this result. Working with an impartial professional who can reveal the true value of your marital assets or your business can give you the leverage you need to achieve a fair outcome.

The role of a forensic accountant in a divorce

Many business owners entering divorce proceedings work with a forensic accountant to gain insight into the true value and earning potential of the company. However, you might also work with a forensic accountant if you suspect that your spouse is guilty of hiding assets from the divorce court. An accountant’s findings can be a powerful negotiating tool when it comes to securing a mutually-beneficial conclusion for the divorce.

Choosing the right forensic accountant

A forensic accountant gains access to very sensitive information regarding your financial situation, so it is important to choose an impartial professional with a sterling reputation. It is in your best interest to work with someone who will respect your privacy. Keep in mind also that it may be a good idea to hire your own forensic accountant even if your spouse already has a recent valuation for marital assets.

A high-asset divorce has the potential to radically affect the trajectory of your life for years to come. That is why it is so important to be thorough throughout the process, and working with a forensic accountant is one way to achieve that.