Several different types of professionals can help people prepare for divorce. Obviously, people need the guidance of a lawyer who can help them understand the law and navigate the court process. Even those who understand the law may not be able to remain calm and professional when negotiating with their spouses or addressing the courts.
People may also want to work with support professionals who have specialized skills. Those concerned about protecting themselves financially when they divorce may want to consider hiring additional professionals.
Specifically, a forensic accountant could prove useful if the marital estate contains a significant amount of property or their client worries about the possibility of financial misconduct.
What does a forensic accountant do?
Financial records are difficult for people to analyze, which can lead to unfair divorce outcomes. Especially if one spouse may have hidden or intentionally wasted marital assets, the other spouse needs to understand their financial circumstances.
Forensic accountants can review records ranging from tax returns to bank statements. They analyze financial records to better understand the unique circumstances and help their client gather proper documentation for court or negotiations.
Forensic accountants can track down hidden assets. They can identify the warning signs of the dissipation of marital property. They can engage in asset tracing to help prove that certain resources are either separate or marital property. Forensic accountants can help people establish and achieve reasonable financial goals during divorce proceedings.
Having the right support while preparing for a divorce can help people secure positive outcomes. Spouses who discuss their economic concerns and priorities can identify what types of assistance they need while preparing for a divorce. For some people, forensic accountants can be valuable additions to their divorce support teams.