Can a forensic accountant find hidden bank accounts?
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Can a forensic accountant find hidden bank accounts?
The forensic accountant, working with the divorce attorney, will look for signs of financial activity that looks suspicious. They may find assets that were previously unknown, like a bank account full of cash, an expensive piece of real estate, or a secret investment portfolio.
Is hiding assets in divorce illegal?
Hiding assets during a divorce is sneaky, unethical and illegal – and it happens much more frequently than most women suspect. Many couples have complex financial portfolios. Not only can this be used to help determine alimony and child support, but it also serves as a tool to help detect hidden assets or income.
How does a forensic accountant find hidden assets?
To uncover hidden assets, forensic accountants examine a variety of documents, including tax returns, bank records, real estate records, insurance policies and court filings. Loan applications, employment applications and credit reports also may yield valuable clues about the value and location of a person’s wealth.
Where can I find hidden money?
To find your hidden money, go to http://www.missingmoney.com/, an official database for the NAUPA that has records from most state unclaimed property programs. You can also link to your individual state unclaimed property program.
