What is the role of an accountant in a collaborative divorce?

An accountant plays an important role in a collaborative divorce in Delaware. Working with the other members of the collaborative divorce team, the accountant is responsible for examining the financial aspects of a marriage and creating an equitable resolution. The accountant will review the financial information provided by both spouses, such as bank statements, tax returns, and other documents, to get an accurate picture of the finances of the marriage. The accountant will then make recommendations to the collaborative team on how to divide assets and debts equally. The accountant will also provide information on how to handle things like retirement accounts, alimony, and other financial issues related to the divorce. The accountant will also prepare a "fair market value" of assets such as real estate, vehicles, and other assets that need to be divided during the settlement. The accountant can be a key part of the collaborative divorce process by offering insight into the financial aspects of the divorce, providing financial analysis, and ensuring a fair settlement for both spouses. The accountant can help both spouses make informed decisions so they can move forward with their divorce with peace of mind.

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What is the role of an accountant in a collaborative divorce?

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