How can Forensic Accountants help?

In many cases a forensic accountant is not required as full disclosure is made by the parties on Form E and the division of the parties' assets is straight-forward in numerical terms. There are cases, however, where a forensic account can assist in the "Fact Finding Mission", the analysis of available information and the valuation of businesses. Our members can help by:

  1. Advising on the value of a business whether it be incorporated or unincorporated.
  2. Assisting in the gathering of financial evidence and the identification of any "suppressed" or "hidden" assets/wealth.
  3. Advising on taxation issues, in particular the different critical dates for cessation of marriage for Capital Gains Tax and Inheritance Tax purposes. We can advise on Capital Gains Tax where chargeable assets are divided between the parties.
  4. Advising on specific areas such as pension considerations.
  5. Assessing the liquidity of a business or a particular party i.e. whether and how monies can be extracted from the business.
  6. Advising in settlement negotiations, including the establishment of trusts and the investment of funds, so as to maximise and safeguard the wealth of both parties.