Sometimes it is necessary to investigate the finances of one party to the divorce, on behalf of the other. It used to be helped by the case of Hildebrand where, if one spouse found some papers that showed that the other was lying or understating their wealth, those papers could be used in evidence so long as they were shown to the other side. Chris has had some stunning results with Hildebrand. The case of Imerman stopped that – shame! Now one must be subtler in such investigations.
The usual situation in a family dispute is that the husband (usually the husband) wants to take the family business out of the marriage, so the wife will take the house and savings etc. But they need an even split, so what is the value of the business?
Typically, Chris gets a joint letter from the two spouses’ solicitors asking him to outline:
These are all questions that require clarification and investigation so that the court can make a clear decision.
If a split of assets (a “clean break”) is not possible in a court case, someone needs to help the court by saying how much the spouses are likely to earn in future, so that a periodic payments order may be made. And if a spouse is self-employed or a director of their own company, a forensic accountant will be needed to say how much he or she is likely to earn in the future.
Answers to these questions are critical to help the court make an informed decision during divorce disputes on what is to happen to the family’s business. This is why calling in an expert forensic accountant like Chris is important so that the court case runs smoothly and judges have all the information they need.
These days, except for the biggest value cases, the judge will only allow one expert accountant to act for both sides, and produce a joint report for the court. One acts as an SJE, or Single Joint Expert. Chris has done a vast number of these cases, and had special training as an SJE.
So he is in a prime position to liaise with you on any family disputes or related forensic accounting cases, which require thorough investigation of the financials and assets involved.
If you need assistance of a family forensic accountant then get in touch.
Great help from you yesterday.