Welcome to forme Divorce Accountants

Divorce for many people is a life changing event. It can be extremely stressful and for many, much of divorce is about money.

Often one party has control of the finances and the other party is therefore at a disadvantage. The complexity of the finances can be bewildering. Share options, trusts, pensions, company accounts, earned income, self-employed income, investment income are just a few of the areas that may crop up. Accountants are trained to distill numbers and present them in a way that you can clearly understand. In complex financial cases perhaps where a business is involved or there is an array of complex financial instruments, engaging a divorce accountant at an early stage is almost as important as engaging a solicitor. Understanding your own financial position can be difficult enough but understanding your spouses position is altogether more difficult.

In some cases, one side may have understated their assets, omitted bank accounts or investments or deliberately undervalued a business interest. Prior to preparing a statement of their financial affairs they may have deliberately dissipated assets to reduce the amount they are required to share. That is to say they may have spent excessively on non marital items, passed money or assets to third parties. Needless to say that suddenly remembering a £50,000 bonus or excessive spending during an affair or selling your rolls Royce for £1 are considered acts of dissipation. These are the more obvious cases to prove. Many are far less comical and require the keen eye of a trained professional to track them down. A divorce accountant can redress the balance of power where dissipation or an understatement of assets has taken place.

It is important to establish clearly who has got what, where it came from and its true value. With a clear accurate picture of who has what it becomes easier to negotiate towards a financial settlement. Having the facts clearly presented form the framework of persuasive argument that may avoid the necessity of a court appearance.

Since many cases reach settlement before court using a divorce accountant at an early stage strengthens your argument. Tracing assets, obtaining the true facts about a persons financial position and establishing  if dissipation has occured take the skill of a specialist Accountant rather than a solicitor. Facts underpin arguments and courts do not look favourably on such deception. Hence a divorce accountant can help increase the size of ones settlement as well as being significantly more cost effective. Call now on 08455198784 for a free, confidential, initial conversation.