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How a Forensic Accountant Can Help During a Divorce

Del Mar, CA – In a divorce situation, one of the main things a forensic accountant will do is review both business and personal documentation that can reveal financial information regarding a spouse. Following are some additional ways in which a forensic accountant can be used in a divorce.

Forensic Accountant Can Help During a Divorce
Source

  1. Search for hidden assets and income, including probing for hidden bank accounts and/or property.
  2. Look for inconsistencies between financial information listed on any documentation.
  3. Validate financial reporting with non-financial evidence.
  4. Determine and calculate personal expenses designated as business expenses by the other party and which may have an impact on the value of a business.
  5. erform a business assessment.
  6. Evaluate the cash flow that may be used in determining support payments.
  7. Perform a trace to determine the separate or community status of property.
  8. Assist your divorce attorney in preparing document requests of the other party.
  9. Assist your divorce attorney in gathering information that will be used when preparing subpoenas.
  10. Assist your attorney in preparing deposition/trial questions for the other spouse’s forensic accounting specialist.
  11. Review work being done by the other party’s forensic accountant.
  12. Testify in court or at depositions.
  13. Interact with computer specialists, private detectives, and other professionals, if needed.
  14. Offer input regarding any tax consequences of suggested actions during the settlement process.

How Clients Can Help Their Forensic Accountant

Although most clients are not financial experts, they may be able to assist their forensic accountant with the following.

  • The source and use of the other spouse’s funds;
  • An understanding of what documents and records are maintained in any business owned by the other spouse;
  • The habits of the other party;
  • Their close relationships;
  • Their travel habits;
  • Their attitude towards taking risks (which may help reveal possible schemes used to deceptively hide assets).

The attorneys at Griffith Young & Lass want to take this opportunity to remind parties involved in a divorce that materials that may seem unimportant to the client may, in fact, be very useful to a forensic accountant. If they are unsure of whether or not a particular piece of information has value, it is probably wise to forward it to their forensic accountant and divorce attorney.

Many times in divorce proceedings the parties involved are emotionally exhausted and eager to hand over control to the professionals hired to help them through the process. It is important for them to stay involved, however, as forensic accountants may be able to use information that they have to offer. By doing so, clients will hopefully be able to reduce the amount of money and time involved in the overall divorce process.

Our family law firm is highly experienced in handling all aspects of divorce and post-judgment issues that involve disputes over spousal support or custody.

To learn more about our law firm’s services, please read our frequently asked questions page and view client testimonials online, then contact us for a free consultation.

© 2017 Millionairium and Griffith, Young & Lass. Authorization to post is granted, with the stipulation that Millionairium and Griffith, Young & Lass are credited as sole source. Linking to other sites from this document is strictly prohibited, with the exception of herein imbedded links.

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Meet Your Dedicated San Diego Family Attorneys
Family Attorney John N. Griffith, CFLS
Family Attorney John N. Griffith, CFLS

Family Attorney, John N. Griffith, CFLS

John Griffith has practiced exclusively in the area of family law since 2009. John is a Certified Family Law Specialist certified as an expert in the area of family law by the California Board of Legal Specialization.

858-345-1720
john@gylfamilylaw.com

Family Attorney, Catie E. Young, ESQ.
Family Attorney, Catie E. Young, ESQ.

Family Attorney, Catie E. Young, ESQ.

San Diego family lawyer Catie Young has a wide range of litigation experience. She has worked in civil litigation. She has successfully represented clients in many areas of family law including child support, child custody, divorce and domestic violence. She has a unique approach to each child custody case, so clients of Griffith, Young & Lass tend to gravitate toward her in these cases.

858-345-1720
catie@gylfamilylaw.com

Family Attorney Amy J. Lass, Esq.
Family Attorney Amy J. Lass, Esq.

Family Attorney, Amy J. Lass, Esq.

Amy Lass was born in New York and raised in San Diego, California. Amy graduated from Cal Poly, San Luis Obispo in 2003 with a B.S. in Economics with a concentration in Enterprise Accounting and went on to earn her law degree from Thomas Jefferson School of Law and graduated cum laude in 2006. Amy takes a practical and cost considerate approach to the process while striving to balance the emotional needs and objectives of her clients.

858-345-1720
amy@gylfamilylaw.com

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