The legal process can be a complicated one, especially as it pertains to family law and divorce proceedings. Very rarely is a case cut and dry, and there are many issues that arise in family law cases including financial information and division of assets. Sometimes if necessary, experts are retained to consult with cases and compile information in an organized manner and put it into a report for the attorneys to use. One type of expert used in divorce cases is a divorce financial expert.
What is a divorce financial expert?
A divorce financial expert is an individual well-versed in a specific financial field, such as a certified public accountant or tax accountant. These individuals are reputable and knowledgeable in their field and will take financial information and compile it so that it’s readily available and understandable for the attorney and judge.
What does a divorce financial expert do?
The specific job duties of a divorce financial expert are wide and varied, but all have something to do with the financial information that is to be discussed during this civil matter. Some of the tasks that are put into the hands of the divorce financial expert include the following:
- Gather financial statements, specifically if the client wasn’t the one in charge of handling the finances
- Help to uncover hidden assets
- Help determine spousal support based on income and needs
- Prepare financial statements for monthly expenses
- Help with post-divorce asset division
Why might I need a divorce financial expert?
Finances in a divorce can be tricky. The longer the marriage and the more assets the couple has obtained throughout the years, the more intensive the financial portion of the case may be. If there are a lot of financial details to iron out and the financial aspects are complex, a divorce financial expert comes in handy.
How do I know if this expert is needed in my individual case?
Every case is unique and whether or not you need a divorce financial expert will depend on your individual circumstances. As attorneys are not experts in complicated financial issues, we have a reputable and professional group of financial experts we work with who will compile the financial aspects of the case in a concise and accurate manner. If it’s determined that an expert is required in your divorce matter, we will ensure that you have a financial expert there to answer the call, without you having the task of looking for one. This expert may be needed during the negotiating process of the marital separation agreement, during the divorce proceeding in court, or both.
We’re here to ensure that your divorce case runs smoothly and is resolved quickly. If a divorce financial expert is required in your particular matter, rest assured that we will consult with some of the best in the business to ensure that your financial information is properly prepared for your case.
Contact us today to speak to an experienced family law attorney at our firm. Learn how you can increase the chances of a desired outcome, when you hire a family law attorney.
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