What Does a Forensic Accountant Do?

I would highly recommend engaging the services of a forensic accountant. A forensic accountant is a third party who is hired by the husband or the wife, the petitioner or the respondent to identify value and put all of the assets into an equitable distribution chart. That’s a fancy term for a property division chart. The account, the forensic accountant will look at the general ledgers of the business, profit and loss statements and other tax-related and accounting documents and come up with a valuation of value for the business. The accountant would then put it in the property division chart along with the other assets, assets such as IRAs, checking accounts, savings accounts, 401k brokerage accounts, and distribute the assets equally between the parties unless there’s a reason for an unequal distribution in favor of one party.

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