In some cases, experts will be needed to build and validate the financial picture. If these experts are not carefully briefed and managed this can be a very expensive exercise. These associated ‘hidden’ costs are not always explained to parties before they embark on the divorce process.
For example, the financial position is always presented after tax. Some cases may require expert tax advice, particularly when there are more complex structures like the use of family trusts. There may also be the need for property valuations.
We are completely familiar with these needs and have access to trusted professionals where costs can be minimised. In the case of mediation, in some instances we can employ techniques that do away with the need for expert opinions, reducing time and cost but still resulting in accurate financial disclosure that both parties agree with.