Forensic accountants have an important role to play in family law disputes.
In addition to their normal accounting qualifications, they usually have a special expertise based on experience in valuing businesses,locating hidden assets and unravelling and valuing complex corporate structures and trusts.
However while forensic accountants are important in disputes involving complex asset structures, they also assist in valuing small businesses and determining the nature and extent of the asset pool.
Sometimes forensic accountants are appointed as single experts by the court and at other times by the disputing parties jointly.
Mediators can help by engaging a forensic accountant on behalf of the parties to assist as a neutral expert at the mediation.
If the parties agree to engage a neutral expert and have them participate in the mediation, then substantial savings can result.
Mike Emerson
Co-Principal Brisbane Mediations
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