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Can a Forensic Accountant Help Your New York Divorce Case?

Posted on : August 3, 2019, By:  Mary Katherine Brown
Brooklyn-Divorce-Forensic-Accountant

Divorce And Forensic Accounting

If you’re considering a divorce, or are already going through the process, you likely have a lot of questions. In most cases, divorce boils down to two key components: children and money. We’re going to take a look at the latter and explore one financial concept that you may or may not have heard of: forensic accounting. 

What Is a Forensic Accountant? 

A forensic accountant is simply an accountant who specializes in analyzing and preparing financial documents as evidence in court cases. They can help you look for assets that may be hidden, assess the value of the physical property, and project potential financial outcomes of your divorce settlement. 

Often, a forensic accountant will be hired by one spouse who thinks the other is hiding money or otherwise failing to make full financial disclosure. Another reason to work with an accountant during your divorce is to assess whether a settlement offer is worth entertaining or not.  

Who Should Hire a Forensic Accountant? 

If you don’t have many assets and you and your ex-spouse agree on most, if not everything related to your divorce, you may not need to hire a forensic accountant. In these cases, the cost of working with an accountant may be greater than the benefit, because you don’t have much to lose. 

On the other hand, if you do have a number of assets or you stand to lose a great deal in your divorce, a forensic accountant can be a valuable ally. You should also consider working with an accountant if you suspect that your ex-spouse may be hiding money or other assets. 

What to Do If Your Ex-Spouse Hires a Forensic Accountant 

If your ex-spouse has hired a forensic accountant, the news may initially be unsettling. No one likes having their personal financial records examined in detail, however, you have nothing to worry about if you’re not hiding assets. As long as you’re making full financial disclosure, your ex-spouse hiring a forensic accountant should not impact you. 

When to Call a New York Divorce Lawyer 

One of your greatest resources during your divorce is your attorney. An experienced lawyer can help you reach out to key support individuals, such as forensic accountants and expert witnesses, and will work with you to maximize their benefit to your case. If you’re thinking about getting a divorce or have been served with divorce papers, contact our office today for a consultation at (718) 878-6886. 

 

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Mary Katherine Brown was a delight to work with these past months. I had an issue come up for Brooklyn Family Court and wanted to retain an attorney instead of handling on my own. I researched some reviews and found Ms. Brown. She is very organized in her thoughts and plans, as well as, very professional in the court environment. I relayed my concerns on some particular issues and she promptly took down notes and handled them immediately with my ex-husband's attorney. Her strategies are well thought out and her advice is invaluable. Ms. Brown made me feel comfortable from our first conversation and throughout our contact. I would like to add her office staff, specifically, Mariana was a pleasure to work with. She always tried her best to accommodate my schedule when securing time with Ms. Brown. Mariana is very professional and respectful. I highly recommend Mary Katherine Brown (Brooklyn Family & Divorce Lawyer) for your family's legal needs. She's fantastic, brilliant, competent, resourceful and overall an attorney you want to have to work for your issues. I am very thankful I found her and decided to retain her for my legal concerns. Mary Katherine Brown is absolutely wonderful!
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