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Ensuring Fair Asset Division
When getting divorced, there are a lot of important decisions to make. One of the most important may be whether or not to hire a forensic accountant. Read on to learn some of the reasons why you might want to consider this option. Keep in mind that every divorce is different, so it is important to speak with an attorney who can help you decide what is best for your specific situation.
What a Forensic Accountant Does
A forensic accountant is an accountant who specializes in investigating financial crimes. They are often hired by lawyers to help investigate cases of fraud, embezzlement, and other white-collar crimes. Forensic accountants are also often hired by divorce lawyers to help investigate a spouse's financial history for the purpose of dividing the marital estate.
Forensic accountants use their skills in accounting, auditing, and investigative techniques to gather and analyze evidence. They then prepare reports and testify in court as expert witnesses.
Things to Know When Searching
If you are considering hiring a forensic accountant for your divorce, there are a few things you should keep in mind. First, you should make sure that the accountant you hire is experienced and qualified. You can ask for referrals from friends or family members who have been through a divorce, or you can ask your lawyer for a recommendation.
Second, you should be prepared to pay for the forensic accountant's services. These services can be expensive, so you should make sure that you are comfortable with the fees before hiring someone.
Third, you should understand that the process of hiring a forensic accountant can be time-consuming and stressful. You should be prepared for this and have realistic expectations about what the investigator will be able to find out.
Hiring a forensic accountant is not a decision to be made lightly. However, if you are considering a divorce and think that there may be hidden assets or income, then it may be worth your while to hire an expert to help investigate your case. Doing so could save you a lot of time, money, and stress in the long run.
What You Should Expect with a Forensic Accountant
If you decide to hire a forensic accountant, there are a few things you should expect. First, the investigator will likely want to review your financial records. This may include bank statements, tax returns, and credit card statements.
Second, the investigator will probably want to interview you and your spouse. This is done in order to get a better understanding of your financial situation.
Third, the investigator may also want to interview witnesses. This could include family members, friends, or business associates.
Fourth, the investigator will likely want to review documents. This could include emails, text messages, and other communications.
Finally, the investigator will prepare a report of their findings. This report will be used by your lawyer in court.
Hiring a forensic accountant is a big decision. However, if you think that there may be hidden assets or income in your divorce case, then it may be worth your while to hire an expert to help investigate your case.
Work with Your Attorney
If you think you would benefit from hiring a forensic accountant, be sure to speak with your attorney. If you need help, know that you can trust the team at Ford & Friedman.
Learn more about divorce or schedule a consultation by calling (702) 904-9898 or by visiting our website.