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What Does a Forensic Accountant Do for Divorce?

The Financial Aspect of Divorce

When a couple decides to get divorced, the process can be long and arduous. It's often filled with emotion and conflict as each person tries to get what they believe is rightfully theirs. In the middle of all this drama, forensic accountants are brought in to help untangle the financial web that has been created. Continue reading to learn more about forensic accountants and how they can help in a divorce.

The Role of a Forensic Accountant

Forensic accountants are specially trained to deal with complex financial situations. They can help track hidden assets, determine accurate income levels, and assess alimony and child support payments. They use their knowledge of bookkeeping and accounting principles to examine financial documents for accuracy and completeness.

Forensic Accountants and Divorce

In a divorce situation, forensic accountants can be a critical part of the team. They can provide impartial financial analysis and help ensure everyone is treated fairly during the settlement process. Forensic accountants can also help value assets such as businesses or real estate so they can be divided fairly.

A forensic accountant can be a valuable asset during divorce proceedings. If you are considering a divorce, consider hiring a forensic accountant to help untangle the financial web and ensure that you receive what you are entitled to.

Ask Questions of Your Attorney

While your attorney can give you general information about forensic accountants, it's crucial that you also ask questions specific to your situation. Here are a few questions you may want to ask:

  • What experience does the forensic accountant have in dealing with divorce cases?

  • Do they have experience with cases similar to yours?

  • What is their fee structure?

  • How long will the process take?

  • What type of information will I need to provide?

If you have questions about hiring a forensic accountant or want more information about their role in divorce, be sure to ask your attorney.

At Verner Brumley Mueller Parker, we work to help our clients protect their rights to their property in a divorce. Learn more about how we can help or schedule a consultation by calling (214) 225-6766 or visiting our website.