Dividing assets and liabilities is one of the biggest challenges you will face during your divorce. Many couples struggle to divide things fairly, causing more arguments and sometimes delaying your case. Working with a forensic accountant for divorce in Phoenix, AZ, can alleviate many of these issues.
Identify Joint Assets and Liabilities
A forensic accountant for divorce in Phoenix, AZ, will first identify joint assets and liabilities to ensure an equitable split. In many marriages, one person generally manages the finances, leaving the other person unaware of their financial situation. This information is critical for both parties. Your certified divorce analyst will ensure everyone is informed.
Find Hidden Assets
Divorces often result in one or both parties hiding assets from the other. An individual may open a bank account or other financial service the other person doesn’t know about. A forensic accountant for divorce in Phoenix, AZ, is skilled in uncovering these hidden assets to ensure the joint property is evenly divided.
Value Businesses and Assets
Couples who own a business or have other significant assets that aren’t monetary may struggle to split it fairly. A forensic accountant for divorce in Phoenix, AZ, can value property and businesses to help lawyers determine the best way to divide them.
Assess Joint Spending
During the divorce, both parties are advised not to spend assets. However, when hiring lawyers and completing other steps required for the divorce, individuals must spend money. A certified divorce analyst in Phoenix, AZ, will track this spending and ensure no one is paying more than required.
If you found this information helpful and would like to explore more, please visit Bridge Divorce Strategies.
