Infidelity is one of the more commonly cited reasons for divorce. You may not realize, though, that infidelity can involve more than having an affair. Indeed, according to reporting from CNBC, some married spouses commit financial infidelity, where they intentionally lie about money-related matters.
If your spouse has not been truthful about finances during your marriage, you might be skeptical about his or her ability to be honest during your divorce. Indeed, your spouse might misstate his or her wealth or even try to hide assets from you. A forensic accountant can help to level the playing field.
Finding hidden assets
Forensic accountants practice a unique type of accounting. Rather than helping you keep track of assets and liabilities or prepare tax filings, these accountants examine records to ensure they are accurate and reliable. As a result, if your soon-to-be ex-spouse is trying to pull the wool over your eyes, a forensic accountant can help you find hidden marital assets and better understand your spouse’s finances.
Analyzing complex financial matters
While some divorcing spouses have minimal assets, many others have substantial wealth. This wealth can be in ordinary accounts, investments, real estate, businesses and other places. If your marital finances are complex, having a forensic accountant on your divorce team can maximize your chances of receiving your fair share. This is especially true if you do not completely understand your marital finances.
Despite your spouse’s financial infidelity, you worked hard to make your marriage work. Now that you are heading for divorce court, working with a financial accountant can help you protect your current and future economic interests.