| How
can Forensic Accountants help? |
| In
many cases a forensic accountant is not required as full
disclosure is made by the parties on Form E and the division
of the parties’ assets is straight-forward in numerical
terms. There are cases, however, where a forensic account
can assist in the “Fact Finding Mission”, the
analysis of available information and the valuation of businesses.
Our members can help by:
1. Advising on the value of a business whether it be incorporated
or unincorporated.
2. Assisting in the gathering of financial evidence and
the identification of any “suppressed” or “hidden”
assets/wealth.
3. Advising on taxation issues, in particular the different
critical dates for cessation of marriage for Capital Gains
Tax and Inheritance Tax purposes. We can advise
on Capital Gains Tax where chargeable assets are divided
between the parties.
4. Advising on specific areas such as pension considerations.
5. Assessing the liquidity of a business or a particular
party i.e. whether and how monies can be extracted from
the business.
6. Advising in settlement negotiations, including the establishment
of trusts and the investment of funds, so as to maximise
and safeguard the wealth of both
parties.
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