Thu, Dec 11, 2014

Some Financial Implications When Happily-Never-After

How forensic accountants can identify hidden assets in a divorce
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According to the recent World Wealth Report 2014 from Capgemini and RBC Wealth Management, Asia-Pacific recorded the largest increase in high net worth individuals (“HNWIs”) in 2013. With the increasing number of HNWIs comes a corresponding increase in the financial worth at stake in matrimonial disputes. Now more than ever, there needs to be a full understanding of all matrimonial assets to facilitate an equitable division among both parties.

Human nature being what it is, spouses often attempt to hide assets or minimize the worth of their holdings in order to keep as much as possible for themselves. In these cases, forensic accountants can play a critical advisory role in forming and implementing effective investigation strategies and offering valuation advice in a matrimonial dispute.

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