Divorce is rarely easy. After all, if you are separating from your spouse, you may feel a variety of emotions. Fortunately, your divorce will not last forever.
To increase your chances of securing financial freedom after your divorce, you must receive your fair share of marital property. Of course, you can only advocate for your financial interests if you have a realistic picture of your marriage finances. Hiring a forensic accountant to help you through the dissolution of your marriage may be helpful for the following three key reasons:
1. Find hidden assets
Not all divorcing spouses make a good-faith effort to communicate financial information to their partners. Even worse, sometimes spouses hide assets from each other. If you think your spouse is engaging in deceptive behavior, a forensic accountant may be able to provide you with proof.
2. Verify financial information
Forensic accountants know how to relate financial information to real-world scenarios. If there are inconsistencies in account statements, receipts, purchase documents and other records, you can rely on a forensic accountant to identify them.
3. Value assets
You and your spouse may disagree about the value of personal property, real estate, businesses and other assets. While obtaining an independent valuation may make sense, you can likely rely on a forensic auditor to help you estimate value.
If you are going through a divorce, you may want the entire process to end as quickly as possible. Still, you do not want to miss out on your fair share of marital wealth. Rather than rushing through your divorce, you may want to consider hiring a forensic accountant to do an in-depth review of your finances. With the right team behind you, you increase your odds of emerging from your divorce in a better place.