The Help of an Outside Expert
When a couple decides to get divorced, the process can be long and arduous. If the couple has a high net worth, the divorce can become even more complicated. This is when hiring an outside expert such as a forensic accountant may be necessary.
A forensic accountant is someone who specializes in financial investigations during divorce proceedings. They can help to determine the value of assets, calculate child support payments, and much more. If you are going through a high asset divorce in Texas, it is important to have a forensic accountant on your team.
What Does a Forensic Accountant Do?
The primary role of a forensic accountant in divorce is to investigate the marriage's financial aspects and provide information that can be used in court. Forensic accountants are often hired by one spouse to gather evidence of the other spouse's hidden assets or income. They may also be asked to testify in court about their findings.
In a high asset divorce, a forensic accountant can play a critical role in uncovering hidden assets and income. Often, one spouse will attempt to hide assets to keep them from being divided in the divorce. A forensic accountant can help find these hidden assets and ensure they are properly included in the divorce settlement.
Forensic accountants can also be helpful in cases where there is a dispute about the value of assets. For example, if a business is up for division in the divorce, the forensic accountant can help determine the business's fair market value. This is important in cases where the business is being sold or divided in the divorce.
A forensic accountant can also assist in cases of spousal or child support. They can help determine the income of the spouse who is responsible for paying support. This information can be used to ensure that the correct amount of support is being paid.
The Help of a Texas Divorce Attorney
If you are considering a divorce, it is important to consult with an experienced divorce attorney to discuss your options. They can help you understand the role of a forensic accountant in divorce and whether it would benefit your case.
At Diggs & Sadler, we understand the importance of protecting what is yours in a high asset divorce. We are committed to defending your best interests as we help you navigate the process.
Learn more about high asset divorce in Texas or schedule a consultation with a member of our team by calling us at (713) 766-5355 or by visiting us online.