Importance of a CPA in Complex Divorces

Over 185 Years of Combined Experience Practicing.

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Importance of a CPA in Complex Divorces

Finances are a massive concern for couples getting divorced. Working with a CPA  can help protect your financial security.

What is a CPA?

A Certified Public Accountant (CPA) refers to the title of a highly qualified accountant. In order to become a CPA in the U.S., individuals have to pass the Uniform CPA Examination from the American Institute of Certified Public Accounts (AICPA) as well as meet education and work experience requirements. Essentially, a CPA enforces professional standards in the accounting industry.

Benefits of Working With a Lawyer  and  CPA

Working with a family law firm and a CPA can give you the convenience of being able to receive legal advice and financial advice at the same time. The benefits that come from choosing a divorce lawyer who works well with a  CPA are definitely worthwhile.

With a CPA, divorce lawyers can understand every aspect of a case, which allows them to support their clients better. This saves both you and your attorney tremendous amounts of time. Your attorney can know for certain they have a reliable financial expert that is equipped to handle any complex financial issues that might come up in your divorce. There is no need to spend resources seeking out an accountant.

In high-complex divorce cases, some spouses may attempt to hide assets during their divorce in order to keep them from property division. These assets can be hidden in offshore accounts, stowed away with a friend, or purchased through property. Utilizing a CPA’s assistance can uncover hidden property and income.

There are many other benefits to working with a CPA, including:

  • Do not need to pay separate retainer fees for preliminary forensic accountants
  • Enhanced ability to evaluate your case and create a financial case plan
  • Brings an expert level of financial analysis to your case
  • A more detailed-focus to property division issues
  • Specialized support for business valuations
  • Expert review of income for calculating child support and alimony
  • Tax preparation services following a divorce

Please call or contact our office online to arrange for an appointment about your case today.

The Moshtael Family Law Team

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Over 185 Years of Combined Experience Practicing.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or
situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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