Divorce is usually a high-stress situation, especially if you have many assets to divide. You will need to make arrangements for your finances going forward. Forensic accounting in Scottsdale, AZ, can be beneficial.
Tracing Funds Moved Between Accounts
If substantial monies have been moved between accounts, it’s essential to trace calculations. Sometimes, it’s unclear what the community value is in the accounts. It can also help determine various income sources if one or both of the spouse’s money wasn’t reported on W2s or 1099.
Complex Asset Valuations
Pension plans, restricted stock, stock options, and other compensation plans can be complicated. Forensic accounting in Scottsdale, AZ, can help sort them out to ensure they are divided appropriately.
Child Support Payment or Alimony Determinations
Forensic accounting can impact legal determinations of child support and/or alimony. These specialized accountants can identify and quantify expenses and income streams. These are both considered in calculating support payments.
Determine Ownership
Sorting out the community or marital properties can be complicated. Attorneys and accountants often analyze and trace records to determine which properties should be separated or treated as marital property.
If you found this information helpful and would like to explore more, please visit Bridge Divorce Strategies.
