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How can a forensic accountant help with your divorce?

| Jun 5, 2020 | High Asset Divorce |

Often, couples might think that deciding to get a divorce is the hard part. Unfortunately, ultimately one of the more challenging aspects of the dissolution process is deciding how they’re going to split up their marital assets. Conversations between Florida spouses regarding who will end up with certain assets often get so complicated that both a forensic accountant and a divorce attorney have to step in to help sort things out for them.

Decisions divorcing couples have to make about how to split different types of debts like credit card bills or car payments or assets such as the house or bank accounts are relatively easy for them to make.

Things often get complicated when divorcing couples must make decisions about what to do with complex assets such as financial portfolios. There are many different types of stocks. Some of those may be vested or deferred. A forensic accountant can be of great assistance in helping couples decide what to do with these assets.

One or both spouses may own businesses or professional practices. They may be partners in a company. The payment terms may be a bit complicated.

There may be retirement and insurance plans, accounts and properties held in other states or countries, trusts with various terms, valuable artwork, antiques and rare collectibles. Divorcing couples may need to consult with a professional appraiser if they’re having difficulty assigning a value to these marital assets.

Tax and other financial implications may arise depending on which spouse gets which assets. A forensic accountant may be able to explain the ramifications of making certain financial choices over others.

Forensic accountants play an important role in helping you reach a fair settlement in your divorce. An attorney is sure to have one of these professionals on speed dial. They’ll be able to help you and your Fort Myers lawyer sort through your assets so that your attorney can ultimately broker the best divorce settlement in your Florida case.

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