Florida Women's Law Group
The Importance Of Forensic Accounting In A DivorceAuthor: FWLG
Date: Oct 05 2020
When going through a divorce, it is normal to feel some distrust between you and your soon-to-be ex, especially when it comes to finances. This feeling only increases if they are financially controlling and abusive. Harboring this distrust is a natural reaction and something our Florida Women’s Law Group team understands. For this reason, our team offers forensic accounting to all of our clients. Forensic accounting, as defined by Forensic CPA Society, is “the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation.” In other words, this service looks at every detail of assets and debts involved in a case to provide an accurate financial analysis.
Our team relies on truly remarkable forensic accountants in the North Florida area who frequently provide this service within divorce cases. They understand the information we need and can evaluate it to provide us with their expert opinions.
If your soon-to-be ex-spouse has shown signs of financial control and abuse, forensic accounting can be significantly beneficial to your case. When your spouse is either self-employed, part of a big or global business, or has any other employment that creates multiple sources of revenue, they can hide financial information and resources from you more easily. This gives them the chance to disclose incomplete financial information and siphon some money off for themselves resulting in a lower income reported and less money they pay for alimony and child support. They may also have debts that you are unaware of that are attached to your name and can affect your final settlement and credit rating.
The information provided through forensic accountants can be used in many aspects of your case, including mediation and trial. It is important for us to use this information because if you are not sure of all your assets and liabilities, your case will suffer. When you have the whole picture and all the information is laid out before you, you can move on with your life to a better and brighter future.
Our goal at Florida Women’s Law Group is to set you up for success in your new life. We cannot do that if you are wondering if you have all the information. Let us give you the tools you need for your case to start your new life. Call Florida Women’s Law Group at 904-549-6553 to schedule a consultation.