Expert Witnesses Who May Benefit Your Divorce Hearing

Just like other court cases, divorce trials may also involve expert testimony. You need an expert witness if you want to get a professional opinion on an important issue during the trial. For example, you may need an expert witness to explain why you think your family business is worth more than what your partner says it is worth. Here are four types of professionals you may need for expert testimony during your divorce:

Child Psychologists

You may need a child psychologist if your divorce involves child custody issues. In such a situation, the psychologist's job entails evaluating your respective relationships with the children. The court then uses the psychologist's views as one of the factors in determining the custody arrangements.

Property Appraiser

If your divorce involves the division of real estate property, then you may also need a property appraiser. The appraiser's job involves determining the real value of the properties in question and advising the court as to his or her findings. Note that the value of a property is not what you paid for it or how much you treasure it; it is the dollar value it can fetch on the open market currently.

Forensic Accountant

Alongside child custody, asset division is also one of the most controversial issues during divorce proceedings. This is especially true with monetary assets. It's not unusual for spouses to hide funds or to claim their partners are doing it. Hiring a forensic accountant will help you prove your claims or disapprove your partner's claims. The accountant can do this, for example, by scrutinizing your incomes and expenditures and looking for hidden accounts. After that, he or she has to explain his or her findings to the court in ordinary language anybody can understand.

Business Valuator

You will need a business valuator if you have a business that forms part of your asset division package. This is the expert witness who determines the economic value of a business or company. You need an expert here because the value of a business isn't just its assets minus liabilities. Valuators take different approaches to business valuation such as its potential growth, how much it is earning, customer base, and even how much it would take to create a similar business.

Remember you are responsible for your expert witnesses' fees. Your divorce attorney will advise you on the expert witnesses that you need for your case. For more information, talk to your divorce attorney today.

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