By Robin Roshkind, Esquire, West Palm Beach, Florida
In some cases, divorce lawyers insist that our clients retain the services of a forensic accountant. This accountant can help with putting forth your case when financial relief is sought in your divorce, whether it is alimony, attorneys fees or in equitable distribution of assets and debts of the marriage.
The job of a forensic accountant is to trace the flow on monies.
It is especially important to retain an accountant under the following conditions:
1. When the major breadwinning spouse is self employed.
2. When the major breadwinning spouse is the sole officer of a closely held Florida corporation.
3. When the major breadwinner works for cash such as a landscaper or artist.
4. When the major breadwinner is a sole proprietor.
5. When the major breadwinner is a solo practitioner, either in medicine, legal services or the like.
6. When there are equities and securities and many parcels of real estate to divide between the spouses.
7. When rents are collected.
6. Where appraisals are necessary, including investment quality artwork, diamonds, stamp collections and the like.
7. Where equal value assets have unequal value tax ramifications.
So don’t be annoyed at your divorce lawyer when he or she asks that you retain the services of a forensic accountant. It is usually for your protection. For more information about this divorce topic or others, call one of the attorneys at ROBIN ROSHKIND, P.A. at 561-835-9091 or click on the Firm’s web site at http://www.familylawwpb.com.