Family Law

We provide following services to support Family Law Matters

- Single Expert Witness Report

- Shadow Expert Witness Report

- Investigation engaged by one party only

- Export testimony in Court

- Fund & asset tracing

- Assisting counsel in the cross examination of other experts

- Critically appraising business valuations prepared by other parties

- Critically review and assess information provided by the other party

- Conducting investigation into the financial affairs of the other party

- Valuation of businesses, shares and other interest in trusts, partnerships, joint ventures

- Assisting in the determination of key documents required for discovery purpose

- Advise tax consequence in regards to settlement

Frequent Asked Questions

1.Who usually initiate Forensic Accounting Services?

Family Lawyers

Purpose: Lawyers for either party often initiate forensic accounting services to provide an expert evaluation of financial matters.

Use Cases:

Uncovering hidden assets or income.
Valuing businesses or complex financial portfolios.
Analyzing lifestyle and expenses for spousal or child support claims.- Purpose: Lawyers for either party often initiate forensic accounting services to provide an expert evaluation of financial matters.

Why: To strengthen their client’s case with credible, professional evidence for court or mediation.

Individuals Involved in Divorce or Separation

Purpose: Either spouse may directly request forensic accounting services, particularly if they suspect financial misconduct by the other party.

Use Cases:

Large volume of transactions to be reviewed.
Suspected non-disclosure of assets or income.
Disputes over asset valuations or inheritance claims.
Identifying dissipation of marital funds.

Why: To ensure fair division of assets or accurate support calculations.

2.What role does Forensic Accountant play?

Expert Engagement by One Party Only

Role: The forensic accountant is engaged solely by one party (and their legal team) to provide expert analysis and reporting.

Responsibilities:

Investigating financial records to uncover hidden assets or income.
Valuing businesses or complex financial holdings.
Providing an expert report to support the party’s claims in court or negotiation.

Outcome: A report that may be presented in court but is designed to advocate for the engaging party’s position.

Single Expert Report Engaged by Joint Instruction

Role: The forensic accountant is jointly instructed by both parties (or ordered by the court) to act as a neutral expert.

Responsibilities:

Conducting a balanced and independent analysis of financial matters.
Preparing a Single Expert Report that is impartial and intended for use by the court and both parties.

Outcome: A report that aids the court in making equitable decisions, ensuring fairness to both parties.

Shadow Expert

Role: The forensic accountant is engaged privately by one party to review and critique the work of the jointly appointed or opposing expert.

Responsibilities:

Identifying potential errors or inconsistencies in the opposing expert’s report.
Advising the engaging party’s legal team on technical financial matters.
Suggesting questions for cross-examination of the opposing expert.

Outcome: Not directly disclosed in court unless the party choose to use their findings. Primarily assists in strategy development.

Consulting Role Engaged by One Party

Role: The forensic accountant provides behind-the-scenes assistance to one party without producing a formal report for court use.

Responsibilities:

Assisting in identifying hidden assets or undisclosed income streams.
Evaluating specific aspects of the valuation process, such as business interests, property, or financial investments.
Advising on settlement negotiations or financial strategy.

Outcome: Confidential guidance to the engaging party, enhancing their financial understanding and case strategy.

3.How long do I expect to receive the report?

Every case is unique, and the time required to prepare a report depends on various factors, including the specific instructions, the availability and completeness of the information provided, and the quality of the data. However, we understand the significant time and emotional pressures faced by clients and their legal representatives. With this in mind, we are committed to producing reports in a timely manner. Most of our reports are delivered within 2-3 weeks after receiving all the required documentation.

4. What fee do you charge?

Our fees are based on our professional rate, which is competitive in this market. As the complexity and scope of each matter can vary significantly, we provide a tailored fee estimate based on the specific requirements for each case. Keeping our services cost-effective and accessible to more clients is a key commitment for us. We pride ourselves on offering competitive rates in the market while maintaining the highest standards of quality and professionalism.

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