When you’re going through a divorce, finances can get messy fast. Trust may be low, and questions about money can create even more stress. This is where forensic accountants step in to help keep things fair.
What a forensic accountant does
In a divorce, all assets must be accounted for. A forensic accountant looks at financial records with a fine-tooth comb. They don’t just crunch numbers—they dig deep into bank statements, tax returns, and business records. Their goal is to spot red flags like hidden income, unusual spending, or missing assets. If one spouse thinks the other is being dishonest about money, a forensic accountant can find the truth.
Uncovering hidden assets
Hidden assets can include offshore accounts, secret investments, or even cash businesses. Some people may try to move money to friends or family to make it look like they have less. A forensic accountant knows how to trace money and follow paper trails. They can uncover these attempts to hide wealth, which helps ensure a fair division of property.
Getting accurate valuations
Not all assets are easy to price. Businesses, investments, and retirement accounts need accurate valuation before splitting. Forensic accountants understand how to value these types of assets properly. They consider debts, market conditions, and future earning potential. This means you get a more accurate picture of what each person owns.
Why this matters for your divorce
A divorce settlement should reflect the full financial picture. If assets are hidden or undervalued, you could end up with less than you deserve. In Texas, property should be equitably divided. Forensic accountants bring clarity to complex money issues. Their work helps create a fairer outcome when dividing property, setting support, or reviewing past spending.
