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How can forensic accounting help in divorce?

Forensic accounting is a useful tool for any individual that finds themselves in a high asset divorce. Accountants that specialize in this type of financial discovery can use a wide variety of resources to uncover financial aspects that may significantly impact a marital settlement agreement. Many times, divorce attorneys that offer representation to high net worth couples, work with forensic accountants to make the process of discovery both comprehensive and efficient.

Not all high asset divorces require the use of a forensic accountant. Fortunately, not every well-off spouse tries to hide assets from their soon to be ex. However, there are many that do. If an individual suspects their spouse is hiding assets, a forensic accountant can help them discover the truth.

Fortunately for spouses, forensic accountants are involved in more than high asset divorces. Typically, forensic accountants have experience with various business related financial issues. They may have experience in the public sector or be employed by private banks or insurance companies. This experience gives them the knowledge they need to identify any areas of financial fraud or hidden assets during a divorce. This skill is extremely useful to divorcing spouses and their attorneys when trying to locate a spouse or business owners assets.

Forensic accountants can be an extremely valuable addition to a divorcing spouse's legal team. An experienced divorce attorney can recommend a qualified forensic accountant that will work with them to help identify and locate hidden assets. For individuals concerned with their soon-to-be ex-spouse's financial practices, finding a legal professional that has experience working with forensic accountants may help them identify areas of fraud and receive a fair marital settlement.

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Goddard & Malmquist

Goddard & Malmquist
1250 South Grove Avenue
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Barrington, IL 60010

Phone: 847-382-3995
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