Divorce Experts: Certified Fraud Examiners (CFE)

jeff.wilson1.cpa • June 1, 2023

Divorce can be an emotionally challenging and complex process, often involving the division of assets and financial matters. During this vulnerable time, seeking the expertise of a Certified Fraud Examiner (CFE) can prove invaluable. CFEs are highly skilled professionals who specialize in detecting and preventing fraudulent activities, making them an essential resource for individuals navigating a divorce. 


One of the primary ways CFEs can assist during divorce proceedings is by uncovering hidden assets. Unfortunately, some individuals may attempt to manipulate their financial situation by concealing income or assets from their spouse. CFEs possess a deep understanding of financial records, forensic accounting techniques, and investigative procedures. They can thoroughly examine financial statements, bank records, tax returns, and other documents to identify any discrepancies or irregularities. By revealing hidden assets, CFEs ensure a fair and equitable distribution of property, protecting the interests of their clients. 


Moreover, CFEs can assess the accuracy and legitimacy of financial disclosures provided by the opposing party. They scrutinize financial documents, such as business records and personal accounts, to verify the completeness and accuracy of information. In cases where financial misrepresentation or fraud is suspected, CFEs can gather evidence and compile comprehensive reports that can be used as evidence in court. 


Additionally, CFEs can serve as expert witnesses, providing testimony and presenting their findings to support their client's case. Their professional credibility and expertise make their testimonies highly influential and persuasive in court. 


By engaging the services of a CFE, individuals going through a divorce gain a significant advantage. These professionals bring specialized skills, knowledge, and experience to the table, enabling them to uncover fraudulent activities, identify hidden assets, and ensure a fair and just resolution to the financial aspects of the divorce. Their expertise provides much-needed peace of mind during a challenging and uncertain time, allowing individuals to move forward with confidence. 

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By jeff.wilson1.cpa July 18, 2023
Most would argue that you can’t put a price on certain things. For example, family or health could be considered priceless things. However, some situations will challenge you with the question how much is this priceless item worth to you? Before moving out and separating from my Ex-husband, we had two loving dogs, a reptile, and a cat living in our home. I left with the cat, the reptile, and one of the dogs. Some may say I was fortunate to take as many animals as I did, and it was more than fair for my Ex to keep one of the dogs. Perhaps this may be true as a business transaction, but emotionally I was torn and felt it was unfair. When it came time to file for divorce, the question presented itself, how much did I love the dog I left behind? How much will I spend on lawyer fees to get the dog back? The short answer to both questions a lot! I knew deep down the dog would receive better care from me. I cared for the animals as if they were my kids, raising them all from their baby stage. I worked from home, so I and the dogs spent a lot of time together in my home office (especially during the potty-training phase). I discussed with my lawyer all the potential outcomes for her return or not, how long it could take, and how the courts treat these circumstances on average. Thus, I took my chances and filed my divorce for the dog to return to me and left it to the universe to decide the outcome. However, like other marital property the decision for who keeps the dog, and other property is at the discretion of the judge. The contention I had to keep the dog was the current living circumstances for us. I primarily sustained the household and maintained a stable job, as he was mostly unemployed during our marriage. I was prepared to show in court proof of all the expenses paid and the care for them was predominantly from me. From pet store expenses with toys, food, and training, to vet expenses all paid by me with a copy of the bills. I was prepared to go as far as to ask former associates I met frequently at the dog park to give statements on my behalf of the level of care I gave the dogs. I spent a total of $3,368 in lawyer fees for my dog to return home to me and her other furry family. Others are not as fortunate to afford that expense for one item in a divorce settlement, so you must ask yourself, how much can you afford to spend on it? Be honest with yourself about what you can afford because people make the mistake of exhausting their finances to fight their spouse in a divorce since it’s available to use now. For example, using a credit card to pay for their legal fees, which in the long term becomes more expensive from the applied interest rate over time. Perhaps the use of the credit card could be better spent on bills if the estranged spouse doesn’t work and is a homemaker. An individual should consider the long-term impact of their money spent now in divorce versus money they know needs to be spent later. The cost of want in a divorce should not jeopardize their sustainability for future expenses. It is always recommended to discuss the best financial option with a divorce financial expert and divorce attorney to understand the long-term impact of their finances.
By jeff.wilson1.cpa July 6, 2023
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