What really happens when divorce lawyers team up with financial detectives to uncover hidden assets, shady spending, and the truth behind business valuations.
🔍 Episode Overview:
When it comes to divorce, it's not just about the family home or savings, business interests can be some of the most complex and contested assets in the process.
In this episode, family lawyer Nichola Bright explores the critical role that forensic accountancy plays in financial settlements on divorce, especially where business valuations are concerned.
Joined by expert forensic accountantsNatalie Jones and Jack Clitheroe from Begbies Traynor, the discussion delves into:
- What forensic accounting really involves and how it differs from traditional accounting
- How businesses are valued during a divorce and what methods are used (e.g., earnings-based vs. net asset-based)
- The role of Single Joint Experts (SJE) and shadow accountants in financial disputes
- Key considerations in minority shareholdings and lifestyle analysis
- Red flags for hidden assets or unusual spending patterns
- Real-world examples including agricultural and family-run businesses
- How forensic insight helps manage client expectations and drive fair outcomes
🧠 Key Takeaways:
- Forensic accountants bring invaluable problem-solving skills and financial insight to divorce cases involving complex assets.
- Early involvement of a forensic accountant can help close the information gap between spouses particularly when one partner runs the business.
- Business valuation isn't just about numbers; it involves context, control, market comparisons, and sometimes, digging into past financial conduct.
- Forensic accountants play both independent and advisory roles to support solicitors and protect client interests.
📚 Resources & Links:
- Learn more about Myerson Family Law Services: www.myerson.co.uk
- Connect with Begbies Traynor Group: www.begbies-traynorgroup.com
- Explore guidance on business valuations in divorce and when to seek expert input
🎧 Listen & Subscribe:
Subscribe to My Family Pod on Apple Podcasts, Spotify, or your favourite podcast platform. Don’t forget to rate and review!
💼 Keywords & Topics:
Family Law, Divorce, Finances on Divorce, Forensic Accountancy, Divorce Lawyer, Business Valuation, Minority Shareholding, Hidden Assets, Divorce Settlements, Single Joint Expert, Shadow Accountant, Matrimonial Finances, Director Loan Accounts, Lifestyle Analysis, Cryptocurrency in Divorce, Farming Businesses, Contentious Valuations, Court Proceedings, Family Business Disputes
