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Do you need a forensic accountant on your divorce team?

On Behalf of | Mar 21, 2019 | Uncategorized |

As someone navigating your way through a divorce in Illinois, you may be trying to figure out the value of certain assets so you can determine how to divide them accordingly. Depending on the specifics of your situation and the relationship between you and your soon-to-be-ex, you may also be trying to figure out exactly how much your spouse earns or has at his or her disposal. He or she may, in turn, be trying to prevent you from doing so, and both of the above scenarios may warrant the hiring of a forensic accountant.

Forensic accountants, per Forbes, are finance and accounting professionals who may be able to assist you as you work through a variety of finance-related matters pertaining to your divorce. The forensic accountant works as a financial “detective” of sorts in many divorce cases, and many people going through divorces rely on these professionals when they feel their spouses are being untruthful about how much they make or have tucked away.

While forensic accountants are becoming increasingly sought after by those going through contentious divorces, just about anyone who has complicated finances can benefit from hiring one. Say, for example, that you or your ex have complex business or real estate interests, or assets in other states or parts of the world. A forensic accountant may be able to help you get an accurate picture of the value of such assets. This type of accounting professional may also be able to help you sort through complicated stocks, bonds or insurance policies so you can make sure you are getting your rightful share.

This copy about the role forensic accountants often assume in divorce cases is educational in nature and does not constitute legal advice.