Our forensic accounting team may examine various financial records and assets, such as family bank accounts, business interests, properties, pensions, and even cryptocurrencies. Their aim is to uncover any discrepancies or hidden assets, ensuring a transparent and fair settlement.

They are particularly helpful if one party has had significantly more control of the family finances, enabling both spouses to gain clarity on the true financial picture.

A forensic accountant combines auditing, investigative techniques, and financial management skills to build a comprehensive overview of family finances. They might analyse:

• Bank statements and transaction histories
• Financial reports and tax records
• Spending patterns
• Evidence of hidden or transferred assets

Because these investigations can be complex, it’s advisable to seek advice from a forensic divorce accountant as early as possible in the proceedings.

Currently, cohabiting partners in England and Wales do not enjoy the same legal rights as married couples, such as the automatic right to inherit one another’s property or pension. As a result, there is no specific legal framework to divide assets when a cohabiting couple separates, so forensic divorce accountants are typically not employed in cohabitation disputes in the same way they are for divorcing spouses.

In high-conflict or high-net-worth cases, a spouse might attempt to conceal assets or dissipate funds to reduce the amount available to their ex-partner. A forensic accountant can help expose such hidden wealth or unusual expenditures.
In certain circumstances, a freezing order may be issued by the court to protect relevant assets from being sold or transferred before a fair settlement is reached.

If the couple cannot agree on their own, the court will determine the division of assets, guided by principles of fairness. Factors considered include:

• Income and earning potential
• Child and spousal responsibilities
• Standard of living during the marriage
• Any other relevant circumstances

Every divorce case is unique, and there is no single rule about how assets must be divided.

Because each investigation is tailored to the specific circumstances of a case, there is no fixed fee for these services. Once our forensic accountants understand the scope of work required, they will provide an estimated cost so that you have a clear idea of the potential expenditure involved.

Need More Information or Assistance? Contact HM & Co. Solicitors
Address: 186 Lower Road, Surrey Quays, London SE16 2UN
Telephone: 02071128180
Email: info@hmsolicitorsltd.com

We are here to guide you through the forensic accounting process, ensuring you have the accurate financial insights necessary for a just and transparent divorce settlement.