Forensic Accountant
A financial expert who investigates complex financial records to uncover hidden assets, unreported income, or financial fraud during divorce.
Understanding Forensic Accountant
Forensic accountants specialize in analyzing financial records to trace assets, identify discrepancies, and value complex holdings like businesses or investment portfolios. They are often hired in high-net-worth divorces or when one spouse suspects the other is hiding assets. Their findings are admissible as expert testimony in court. While expensive (typically $300-$500/hour), a forensic accountant can uncover hidden wealth that far exceeds their fees.
Real-World Examples
The forensic accountant discovered $200,000 in unreported cryptocurrency holdings by tracing blockchain transactions from the husband's computer.
Related Terms
Assets that one spouse deliberately conceals, undervalues, or fails to disclose during divorce to avoid fair division.
Financial AffidavitA sworn document listing all income, expenses, assets, and debts that each spouse must file during divorce proceedings.
Mandatory DisclosureRequired exchange of financial documents between both spouses early in the divorce process, regardless of whether either side requests them.
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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.
Always consult a licensed attorney in your area for advice specific to your situation.