Those of us who work in the family law area know that most marriages that end in divorce are in trouble long before the divorce petition is filed. This fact provides ample opportunity for either spouse to hide assets and income. The more animosity there is between the couple, the greater the chance that one or both is hiding income and assets.
Therefore, here are four primary situations that occur that warrant engaging a forensic accountant as part of the divorce team.
When a Closely Held Business is Involved [...]