Doug Betts, CFE, CPA, Inc. Certified Fraud Examiner Certified Public Accountant |
|
|
|
|||
Family Law Services
Divorce, unfortunately, is an all too common occurrence. Often a highly sensitive and emotionally charged process, it can be an extremely difficult time for couples. Because of the nature of a divorce, it is not uncommon for one spouse or another to be taken advantage of by their partner by hiding assets and/or income from the courts in attempt to fraudulently keep assets or lower future spousal or child support payments.
When do you Need a Fraud Examination in a Divorce Case?Just like a forensic medical examiner looks for clues to the cause of an individual's death and clues that would identify criminals, a Certified Fraud Examiner performs an investigation to look for evidence of hidden or undisclosed assets and income, and assists in determining the ownership of marital assets. The goal of these investigations is to present a true picture of the family's financial situation to the family court so that an equitable resolution can be achieved for all involved.
Often one spouse will own or control a closely-held business (the "owning spouse") of which the opposing spouse has little or no involvement or knowledge. This situation is a perfect opportunity for the owning spouse to use the business as a vehicle to hide income or assets from the courts. If a valuation is to be done of the business as a part of the divorce, it may be necessary to perform a forensic examination of the business prior to the valuation. A valuation performed with misstated information is itself misstated. A fair picture of the business' value is necessary to insure an equitable settlement.
Weigh the Costs and Benefits of a Fraud ExaminationThe emotions of divorcing couples often outweigh the potential value of what they are fighting over. It is very important to initially determine what a divorcing spouse stands to gain by having their spouse investigated and whether the potential gains in asset division and future support outweigh the costs of the investigation. Generally, one should not have a fraud exam performed unless one:
Fraud Examination Services in Family LawFraud examination services can include any of the following:
Contact us today to determine if a fraud examination or computer forensics is appropriate for your particular family law case.
|
|
Copyright
© 2009
Doug Betts, CFE, CPA, Inc.
|