When you divorce your significant other in Tennessee, the two of you are going to have to work through a number of matters, and many of these are likely to be financial in nature. You and your ex must, for example, figure out who is going to be responsible for, or how you plan to divide, any debts you share together. You may, too, need to figure out what certain assets are worth so you may divide their value appropriately.
Per Forbes, if your marriage has been particularly long, or if you have considerable assets or numerous assets of undetermined value, you may find that it helps to hire a forensic accountant who can help you work through these financial matters. By having this accounting professional work on your behalf, you may be able to boost the chances of you getting everything you rightfully deserve in your divorce.
For example, many people who suspect that their spouses are shielding assets from them find that hiring a forensic accountant helps them uncover these hidden assets or income streams. Similarly, even if you do not suspect that your ex is hiding assets, the two of you may have especially complicated assets, such as insurance plans, business ownership interests and the like. Such assets may prove difficult to appraise or divide without this type of assistance.
Many divorcing parties also find that their exes are more upfront and honest while the divorce is ongoing when they have forensic accountants on their divorce teams. This may happen because, in some instances, the opposing side may fear that the forensic accountant may uncover any assets or income streams your ex might otherwise attempt to conceal.
This copy is educational in nature and does not constitute or replace legal advice.