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Do you need a forensic accountant in a divorce?

| Nov 24, 2020 | Property Division |

Money is one of the main reasons that marriages break down. It is also one of the biggest causes of conflict during a divorce. People often employ forensic accountants to check that their partner is not hiding assets that should rightfully be shared. Yet not everyone needs one. How can you decide if you require a forensic accountant?

Do you trust your partner?

After you live with someone for a while, you get an idea of how much you can trust them. If your spouse has never let you down before and has always been transparent, there is no reason to assume a divorce will change this. If you are divorcing due to a series of incidents in which they betrayed your trust, you may have more cause for concern.

Do you have an understanding of your finances?

If you always left the finances to your partner, there is more room for them to manipulate them to their advantage. If you have always kept tabs on everything, you would be more likely to have noticed unusual activity.

Are there unexplained movements in your bank accounts or cards?

If your partner is unwilling to explain items on your statement or why they moved money out of one account to another, there may be a reason for their reluctance.

Hiring a forensic accountant will be an extra expense. Yet, if they find your spouse has been trying to cheat you out of assets, it will be money well spent. Even if they find everything is above board, the peace of mind may be worth it. A divorce attorney can advise you further and help you contract one if needed.