‘No Fault Divorces’ Will Not Diminish Need For Forensic Accountants

No Fault Divorces Will Not Diminish Need For Forensic AccountantsThe majority of Brits would support the introduction of what are being dubbed “no fault divorces“, in which neither party has to admit fault for the failure of a marriage.

At present, married couples seeking divorce have to provide the courts with evidence of adultery, unreasonable behaviour, desertion or separation without consent. However, according to a recent survey it has been found that four in five adults in the UK are in favour of no fault divorce proceedings being introduced following the irretrievable breakdown of a marriage.

It reflects the fact that in some instances, when a divorce is sought, there is no one to blame, but rather the two people have drifted apart and are unable to reconcile their difference. However, the introduction of no fault divorces will not lessen the need for divorce investigations to assess how money and assets should be divided between the separating pair.

Frenkels Forensics is vastly experienced when it comes to divorce investigations and knows only too well how difficult these proceedings can be. In situations that are highly charged with emotion, even when the finger of blame is not being pointed at one side or the other, expert help can prove extremely important.

Forensic accountants can enter the fray, examine the money in the bank, business interests and assets owned by each side – tracing any potentially undisclosed assets – to ensure a spouse receives the correct amount in a divorce.

A no fault divorce might make it easier and more straightforward for a couple to split, but it will not erode the need for expert help in achieving a final settlement that works for both parties. Qualified accountants can clearly report on the finances and assets held by both sides – this makes the task of dividing it up far more straightforward.

For expert financial help in settling a divorce contact Frenkels Forensics for an independent appraisal.

Alternatively, if you’re looking for advice in another 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+.

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