Blog
Call for a free initial consultation
Law Offices of Benita Ventresca408-395-8822
20 S. Santa Cruz Ave., Suite 212, Los Gatos, CA 95030
Offering Limited Scope Service
Mediation and Litigation
Subscribe to this list via RSS Blog posts tagged in forensic accountant

Los Gatos divorce lawyer for hidden assetsThe divorce process can be very complicated, and it requires spouses to navigate a variety of legal and financial issues as they work to dissolve their marriage. While you are dealing with the stress of separating your life from your spouse, the emotional trauma that comes with the end of a long-term relationship, and the fallout from contentious disputes over child custody and other issues, it can be easy to neglect what seem like the smaller details of a divorce. However, it is also important to protect your rights, and if you are worried that your ex is attempting to hide assets and unfairly influence the financial decisions in your divorce, you will want to understand your legal options.

Addressing Concerns About Hidden Assets

California is a community property state, which means that divorcing couples are required to divide marital property equally. However, some spouses may try to hide assets to avoid having to divide certain pieces of property. A spouse may do this in an attempt to punish their spouse because they blame them for the end of the marriage, or they may believe that they are entitled to a greater share of assets based on the income they earn or their contributions to the relationship.

Regardless of the reasons for hiding assets, doing so is illegal, and a spouse could face penalties if these activities are discovered during the divorce process. A spouse may be required to pay fines or cover the other spouse’s attorney’s fees in legal proceedings related to concealed assets. In some cases, a spouse may even forfeit the rights to a concealed asset, resulting in the other spouse receiving a greater share of the marital estate.

...

California divorce laws, California divorce lawyerDivorce is intimidating to many clients. Adding unfamiliar terms and experts to the mix makes the experience more overwhelming. At the suggested use of a forensic accountant, a look of bewilderment creeps across many clients faces. Often their minds wander to the multitude of criminal investigation shows in which a homicide is under investigation. When discussing divorce and property division, why would forensics need to be involved? A forensic accountant has a very different job description, one that can be beneficial to even the most complex divorce cases.

What Is a Forensic Accountant?

A forensic accountant is a highly skilled professional who is utilized in divorce and property division cases. Not only are they educated and proven in an accounting capacity, but they are also able to apply these techniques and concepts to a legal investigation. In this context, forensic just means, “suitable for use in a court of law.” These accountants can analyze financial data and all related transactions then translate the information into an applicable context for the case at hand. They are uniquely capable of:

...
Google Map Marker

Law Offices of Benita Ventresca

20 S. Santa Cruz Ave., Suite 212
Los Gatos, CA 95030

Phone Icon

Call us for a free initial consultation

408-395-8822
FBK TWT

Conveniently located in downtown los gatos and
close to highway 280, 85 & 880

FREEVALETPARKING

Back to Top