As someone navigating your way through a California divorce, you may find that some steps in the process prove far easier than others. While dividing, say, home equity and debt between you and your soon-to-be-former partner can, in some cases, prove seamless, you may find that things become more complicated when you or your spouse have considerable assets or especially complex financial portfolios. In such situations, you may find it beneficial to enlist the aid of a forensic accountant who can delve deeper into your financial affairs in an effort to help you get your fair share.
Per Forbes, a forensic accountant is someone who can help you identify whether your one-time partner is making efforts to strip you of what you deserve during divorce. For example, you may find it advantageous to hire a forensic accountant if you suspect your spouse is using his or her business to shield assets in some manner, which he or she might do by underreporting business income or creating fake business debts.
You may, too, want to enlist the aid of a forensic accountant if you believe your spouse has been padding his or her employee payroll or intentionally overpaying creditors to reduce what he or she has to split with you. Your forensic accountant may also help you uncover instances where your spouse might be purchasing pricy assets with hidden cash or transferring assets to “dummy” corporations in an effort to hide them from you.
Ultimately, if you feel your spouse is being anything other than upfront you with you about his or her finances, you may want to hire a forensic accountant. Doing so just may mean the difference between getting what you deserve and letting your partner come out on top.
This information about how forensic accountants can assist during divorce cases is educational in nature and does not constitute legal advice.