A divorce is a sticky thing, no matter how agreeable two partners are in knowing it’s the right decision. When it’s time for the actual divorce proceedings to occur, you might want to consider a forensic accountant to help make things go smoother and simpler for everyone involved. Since finances are often a huge thorn in the side of divorce proceedings, professionals can speed things along and help ensure that it’s as amicable and calm as possible. If you need more convincing, here are some more specific reasons why a forensic accountant could be the right person to bring into the equation.
Gives both parties in divorce even ground
During a divorce, often it seems as though the results will go in favor of the person with more money – and that’s often how it does turn out in the end – so having a forensic accountant can help even the playing field. A professional can help determine how the finances sort out and who’s got what in terms of income, assets, and you know that it’s going to even the playing field for both parties.
Uncovers hidden income or assets
If you or your spouse has any kind of hidden income or assets, a forensic accountant will be able to find them so that the assessment and final decisions that come out of the proceeding are fair and deserved for everyone. This is especially useful if financial problems were a big part of the reason for a divorce and a spouse may be inclined to hide things to get ahead of their spouse.
Determine cash flow for payments and support
A forensic accountant will be able to take a look at the financial situation from the point of view of setting up support payments as well, which is a major asset when you are looking at getting things settled in a divorce proceeding. This takes a lot of the stress and frustration off of you and puts it into clinical terms and opinions by bringing in an external person that will help make sure everything is fair and reasonable on both sides. Keep in mind that depending upon your state of residence, some of these figures may already be determined based on various factors by the Attorney General, Courts, family services, etc.
Assist in a clinical view of the entire procedure
Most importantly, a forensic accountant will be able to offer a clinical point of view of the whole divorce proceeding so that everything is assessed fairly and practically so that no one gets ripped off or neglected in any financial perspective. This can make the entire proceeding be a lot smoother, faster, and realistic in how the results come together.
Having a forensic accountant gives you a boost in putting together in a professional sense that will be more “fair” for everyone involved, make the entire process easier and be based on ALL of the information, whether it was provided or accidentally left out. It means the both parties won’t need to “battle it out” for a few nickels and dimes, as the forensic accountant will do all of that on behalf of the proceeding and the honest truth will make itself clear in the process of it all.
Should you be in need of a forensic accountant to help dig through your finances as a third party, contact Palma Financial Consulting at (281) 668-9168 to schedule your appointment.