How Do You Find Hidden Assets in Divorce?
Steps to Take to Locate Hidden Assets in Your Divorce. How do you find out if your spouse is hiding assets? How to Find Hidden Assets with a Forensic Accountant.
How Do You Find Hidden Assets in Divorce? Finding assets starts with assembling as many financial records as possible including tax returns, personal financial statements, loan applications, bank statements, credit card statements and more. If you signed tax returns, you can request copies from the IRS. From there, trace and cross-reference all transactions by date. Any transactions missing? Hiring a forensic accountant is a really good idea. They can testify as to their opinions based on hearsay (which all financial records are). Forensic accountants are uniquely trained and experienced in this exact exercise.
How Do You Find Hidden Assets in Divorce?
Memphis divorce lawyer, Miles Mason, Sr. JD, CPA presents continuing education to the Chattanooga Tax Practitioners. Mason is the author of the best-selling book, The Forensic Accounting Deskbook, published by the ABA Family Law Section. This updated edition of one the ABA’s most popular resources explains the practice of forensic accounting and business valuation and how to apply it in family law cases. It provides a practice-focused introduction to the core financial concepts in divorce, such as asset identification, classification, and valuation, income determination, expenses, and more.
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