When you make the decision to split with your spouse, chances are, one of your objectives is to make sure you receive your fair share during divorce proceedings. Many people facing similar circumstances are increasingly adding forensic accountants to their divorce teams to boost the chances of this happening, as these professionals are, by trade, well-versed in the ins and outs of complex financial matters.
While anyone going through a divorce can potentially benefit from enlisting the assistance of a forensic accountant while the case is ongoing, there are certain situations where these accounting professionals may prove particularly useful. More specifically, you may find it advantageous to hire a forensic accountant to help you through your divorce under the following circumstances.
You have complex financial portfolios
If you or your spouse has an especially complex financial situation, a forensic accountant may be able to help you work through a number of matters relating to it. If, for example, you or your spouse have substantial business assets on your hands, or if one of you has, say, real estate interests in other states or countries, a forensic accountant may be able to help you divide them.
You have assets of undetermined value
A forensic accountant may also be able to help you determine the value of certain assets, such as art, automobiles, rare collectibles and the like. This type of professional may, too, be able to help figure out what to do as far as stock options, retirement accounts and so on. If you have concerns about your spouse potentially hiding certain assets from you, a forensic accountant may also be able to investigate further and find out whether your fears have merit.
While a forensic accountant may be able to help virtually anyone going through a divorce, you may find it particularly helpful to hire one if you anticipate a litigated or particularly difficult divorce.