Bring clarity to complex financial issues and achieve equitable solutions
It can be challenging to deal with the diverse financial matters that arise after a relationship breakdown, no matter the situation. Our Family Law Disputes team helps clients and their legal counsel navigate unfamiliar accounting territory by providing impartial advice, assessments, and in-depth reporting to bring clarity to complex financial issues.
Our team brings extensive experience in supporting negotiated or mediated settlements, collaborative law files, and providing expert witness testimony in arbitration or court. This helps ensure all parties involved achieve an equitable resolution.
What's your challenge?
Fair division of property in a divorce or separation
Dividing family property can be emotionally, legally, and financially complex. Factors such as undisclosed or dissipated assets, increased debt, exemption claims requiring tracing, and complicated organizational structures can make the process even more difficult to navigate.
Child or spousal support calculations
Calculating child or spousal support requires careful consideration of factors such as income discrepancies, evolving needs of both parties, and custody arrangements to ensure fair outcomes. When a spouse owns a business, there is a trust involved, or income sources are unclear, determining income for support purposes becomes even more challenging.
How we help
You need guidance to navigate financial complexities during a divorce or separation. Our team can review financial disclosures and identify gaps, help you understand complex organizational structures and the use of funds and reasons for debts, assess the divisible net worth of spouses for family property division, and identify assets and income not previously disclosed to help you reach a fair resolution.
Frequently Asked Questions
Financial disclosure is crucial as it ensures that all assets, liabilities, and income sources are fairly represented and considered in the settlement process. It helps bridge the gap in understanding the financial picture for the family and ensures equitable division of assets, calculation of support payments, and fair resolution of financial matters.
Forensic accountants can help ensure the accuracy and completeness of the divisible family property by reviewing disclosure, tracing claimed exemptions, and assessing the use of property up to the date of division. They can review and comment on opposing expert reports to support a fair assessment of each party’s financial situation.
As independent expert witnesses, forensics accountants provide credible, unbiased testimony and detailed reports based on their financial analyses. Their insights help courts and arbitrators understand complex financial issues, supporting fair judgments in family law cases.