How can the courts use financial forensics?

The most contentious aspect of divorce is usually the division of marital assets. In some cases, the procedure can be relatively straightforward. However, for couples with complex financial portfolios, the process can be very intricate. 

Often in relationships, there is a financially stronger partner, with perhaps a higher income and who manages the finances of the family. While this set-up might work well during the marriage, it can become a problem when the marriage breaks down. At this point, the spouse with the higher income or more assets may not want to include certain things into the matrimonial pot for division, such as property or businesses. This can, as a result, deprive the other spouse of their fair share. 

Financial forensics use a variety of tools and techniques to examine financial records and provide an up-to-date picture of the financial situation of the parties involved. They utilise forensic accounting procedures to thoroughly investigate the finances of an individual or business. For those who are embroiled in a financial dispute during a divorce and believe that further investigation into the finances of your spouse will ensure greater transparency, financial forensics can be used to help discover and value assets, as well as to trace hidden assets. 

Vardags’ team of top divorce lawyers delivers a bespoke legal service to HNW and UHNW individuals, their families, and businesses.  

We are the only family law firm with an in-house Financial Forensics department. Our team specialises in identifying, tracing, valuing, and forensically reviewing assets, including businesses, property, and investments. 

If you are a high-net-worth individual going through or considering a divorce, it is crucial to have an accurate valuation of all your spouse’s assets. Whether these assets are held in complex international trusts, hidden within investment portfolios, or concealed through intricate share structures, they must be identified and considered for a fair settlement. 

If you’re considering or going through a divorce and are uncertain about the extent of your spouse’s assets or suspect that they may try to conceal them, we can help. Click below for a free initial consultation with one of our expert divorce solicitors. 

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Vardags | Divorce - My spouse is hiding or undervaluing their business or other assets 

Vardags | Divorce - My spouse is hiding or undervaluing their business or other assets