Divorce is considered to be a very complex thing. Until and unless one is having a good idea about the divorce law, handling a divorce case one one’s own can be very problematic. It becomes clearer when financial issues related to divorce needs to be handled. While a divorce calls for the division of property, especially marital property including the assets and debts obtained through marriage.
If you are going through divorce, you should get in touch with an experienced Oakville family lawyers. The lawyers having wide degree of knowledge in this field can greatly assist clients with the division of property. However, for handling complicated financial assets, a forensic accountant can prove to be highly valuable for the person going through divorce.
Divorce Lawyers Work With Forensic Accountant
Often, it has been seen that one partner try to hide the value of the original and acquired assets from the other party. This is done so that one party can easily cheat the other party or deprive them from their rights and dues. This is the reason why divorce lawyers works with the help of forensic accountants in order to look over the complicated financial situation.
Basically, a financial accountant tries to bring out the financial information so that right decision could be brought about for spousal support, division of assets, and child support. Alternatively, many individuals also take the help of forensic accountants so that they can easily get benefitted from their complex financial situation in a high-asset divorce. Oakville family lawyers provides a perfect example for this. They points out that financial investment like retirement funds or policies can be reviewed by forensic accountant.
Ways in Which Forensic Accountant Helps
When divorce attorneys works with financial accountants, help can be received on the following fields. They are:
- Look out for hidden assets
- Find out any form of inconsistencies
- Consider personal expenses
- Keeping a stock of valuable
- Assessing the long-term financial impact of different divorce settlements
Oakville lawyers family law can only take legal action against other party only after the accountant is thoroughly assess the assets and financial situation. The forensic accountant will review the tax returns, account or credit card statements, property deeds, investments, and any other documents. The forensic accountant will pin point any unexplained statements and will record, analyze and investigate it.
At the same time the accountant along with the divorce attorney will check out the name of one party is clearly mentioned. The Oakville family lawyers will try to check out the fact that other partner is not hiding any form of assets from the court. In case they are doing it on purpose, the attorney can take action for that.
The divorce attorney will make sure of the fact that the divorce settlement should equally benefit both parties. In short, no parties should be deprived of their due privileges.
If the divorcing parties have any queries about their financial issues, then they can get in touch with Oakville family lawyers. The lawyers with the help of forensic accountant can bring out the best for a case.