What types of experts could be called in to help with a high-asset divorce?
A high-asset divorce can be among the most complex family law matters, so it is important that knowledgeable and qualified experts are consulted to protect your assets, interests, and rights. Forensic accountants, professional appraisers, financial and wealth managers, tax consultants, pension valuation experts, and business evaluators are just some of the qualified professionals that your attorney could bring in to help with your case. Many of these experts will not only advise you on the next steps or ensure equitable distribution, but as an expert, their expertise will hold up in court. Below is a quick description of these qualified experts and the role they may play in your case.
Forensic Accountants
A forensic accountant will dive into the financials within your marriage, seeking information that can be used in court. Some of the information they may uncover includes income, tax returns, assets, bank statements, or credit card statements.
Professional Appraisers
A professional appraiser will conduct an assessment regarding the value of any marital estate, including real estate and personal property. This ensures the party receives their fair share in the divorce settlement, backed by expert evidence.
Financial and Wealth Managers
With all the changes divorce entails, especially financially, a wealth manager will give you advice on financial planning and investment management. Within financial planning, they will help you articulate a plan regarding your spending needs in the present or future. With investment management, they will help you articulate a long-term goal regarding your investments and how you can achieve that goal.
Tax Consultants
A tax consultant will advise and help manage tax issues in relation to your divorce, such as the division of assets.
Pension Valuation Experts
A pension value expert will evaluate and divide your pension (your retirement plan) in a just and equitable manner. These experts are impartial and will provide their expert opinion, with the goal of an unbiased and fair division.
Business Evaluators
If you or your ex, or soon-to-be ex, own a business or business interest, a business evaluator will determine the value and ensure equitable distribution of these assets.
If you have questions about a high asset divorce or any other legal matter, schedule a confidential consultation with one of our attorneys by clicking here or calling us at 210-368-9708.