A new trend is on the rise in the world of divorce investigations: ‘the double divorce’.
The term double divorce, which is cropping up more and more, refers to when a disgruntled spouse returns to court to try and win more money from former partners after a divorce has already gone through. In fact, financial remedy court hearings of this nature in England and Wales have doubled in the space of a year, jumping from 14,690 in 2013 to 29,060 in 2014.
As a recent article in The Independent explains, double divorces are becoming increasingly commonplace because “many couples fail to obtain a court order to formalise their financial agreement when they divorce, often because they have reached their own informal settlement”.
Coming to a formal and satisfying conclusion at the end of a divorce investigation is never straightforward. But the calculated, rigorous approach adopted by the forensic accounting experts at Frenkels Forensics has a track record of helping.
Applying forensic accounting techniques to the search for a fair and lasting divorce settlement can be extremely beneficial – not only can it quantitatively prove exactly how much all the assets owned by each spouse are worth, but it can also be very useful in tracking down any hidden assets that have not been declared, meaning a further financial remedy hearing is far less likely.
It might mean weighing up an investment portfolio or it could involve valuing a business, the important thing is to conduct a thorough financial investigation during the initial divorce proceeding, which will in turn prevent the need for a double divorce hearing further down the line.
For expert financial help in settling a divorce contact Frenkels Forensics for an independent appraisal.
By Vitek Frenkel – find me via Google+.