Do I Need An Accountant
For A Divorce?

Reaching a financial settlement in divorce can be one of the most arduous issues to resolve and, in many cases, requires support from a range of professionals. Below, we look at whether you need an accountant for your divorce, and if so, why their expertise is so crucial.

Why use an accountant for divorce proceedings?

Divorce law states that divorcing couples must be open and honest about their finances. If you have concerns that this is not the case with your ex-spouse, then a forensic accountant can review their finances and uncover any concealed assets so that the division of the matrimonial pot is fair. It is not uncommon for information to be withheld or assets hidden by one party in order to obtain a preferable financial settlement.

If you or your ex-partner has a business, whether or not this is owned in one person’s name or jointly, or either of you are self-employed, it may be sensible to employ the services of an accountant. Chartered accountants are financial experts and can identify anomalies and ensure the full facts are being disclosed. They can also ensure that your solicitor asks the right questions based on the figures disclosed.

Most divorcing couples reach a financial settlement without having to employ the services of an accountant. However, this decision is generally down to personal choice, circumstances of the case, necessity, and costs, rather than it being mandatory.