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Do you need a forensic accountant on your divorce team?

As someone currently involved in a Texas divorce, you may be working through the process of separating your assets from your spouse’s so you can begin to plan for life on your own. If you are also a high-income earner, or if you have reason to believe your spouse may not be upfront with you when it comes to his or her income and assets, you may want to consider adding a forensic accountant to your divorce team.

These financial professionals, per Forbes, are taking an increasingly active role in many modern divorce cases, and they may be able to assist you as you navigate any number of different financial issues. For example, a forensic accountant may be able to help you and your former spouse appraise assets of undetermined value so that you can split them up accordingly. This may prove especially necessary if you or your spouse have, say, a large collection of artwork or collectibles, or if one party in the marriage has business or other interests in other cities, states or nations.

Hiring a forensic accountant may also help if you believe your spouse may be hiding assets from you in an attempt to wind up with more than his or her fair share following your split. This type of professional may be able to help you “follow the money trail,” which might mean locating offshore accounts or garnering financial and income information from tax forms, among related efforts.

This information about the roles forensic accountants play in modern divorces is educational, only, and is not a replacement for legal advice.

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