While divorcing your spouse can bring with it a near-endless stream of emotions, a divorce, once you take emotions out of the equation, involves dividing your shared assets and debts so you can begin to create a life on your own. Some couples who had short marriages and few shared assets may find that dividing their assets and debts is relatively easy. However, those who have especially complex finances, or those who no longer trust one another for various reasons, may find the process to be far more involved.
In such situations, divorcing couples, or one party within a divorcing couple, may want to hire a forensic accountant to help work through the divorce. A forensic accountant is an accounting professional who may be able to help you work through certain matters relating to property division while improving the chances you get your fair share. So, when might you want to hire a forensic accountant to help you in your divorce?
When you suspect your spouse is concealing assets
Unfortunately, it is not at all uncommon for spouses to hide money or assets from one another ahead of a divorce. Your spouse may use any number of sneaky tactics to do so, but a forensic accountant should typically be able to help you uncover such behaviors.
When you have assets of indeterminable value
Certain assets, among them stock options and artwork, may have unknown value, and a forensic accountant may help you place an accurate price tag on them so you can divide them accordingly. This type of help may also benefit you if you or your spouse have assets or business interests in other states or nations.
While these are two important reasons you may want to consider hiring a forensic accountant to help you through your divorce, anyone who has complicated finances or assets may find doing so beneficial.