Irreconcilable differences is one of the many reasons people file for divorce. While the standard definition means that no party is at fault, this is not always the case, and difficulties may arise when trying to define who owns what.
This is where forensic accounting comes in, providing a service for those in the midst of divorce proceedings having problems agreeing upon a settlement. Trying to discover the true value of both parties’ assets requires a sensitive approach so not to exacerbate the situation further.
When differences do arise, Frenkels Forensics are fully equipped to provide expert divorce investigations. We act on behalf of one party to conduct a thorough evaluation of the other’s assets, or the client’s own, giving a detailed report of their findings. This can help prevent speculation and inflated estimates and ensure that only fair prices are paid.
A common issue requiring forensic accounting is when the couple or one partner owns a business. Assessing the value of the business requires a full analysis of income and expenses.
The process is conducted in a way to ensure further aggravation is not caused during such a sensitive time. Divorce investigations are rooted in fairness for all, seeking to find a just balance between both parties.
For expert financial help in settling a divorce contact Frenkels Forensics for an independent appraisal.
If you’re looking for advice in any aspect of forensic accountancy, then do get in touch via Twitter, Google+, LinkedIn or by visiting our website www.frenkels.com
By Vitek Frenkel – find me via Google+.