How shadow experts help get the best result in your divorce

Divorce social.jpg.jpg

There is no doubt that the introduction of single joint experts has helped to streamline the process of obtaining expert opinions, particularly within divorce proceedings. Nevertheless, there are times when additional input from a forensic accountant may be required by one, or both, of the parties. This is the role of the expert adviser or “shadow” expert.

Using a shadow expert is not as sinister as it sounds, it merely means that one party is obtaining advice directly from an expert and there is no need to disclose the name of the expert or indeed that advice has been sought from a shadow expert.

The role of the shadow expert is to provide expert assistance and advice directly to the instructing party and at Pierce Forensic we are seeing increasing instructions from parties seeking this additional support.

How a shadow expert can help

In the initial phases of the proceedings, we can assist with the preparation of questionnaires in respect of disclosures on Form E and the further information required to understand the financial position of the parties.

As shadow experts, we can provide technical and strategic advice and also assist with instructing the single joint expert to ensure that the relevant issues are highlighted and dealt with appropriately. We regularly advise on raising questions on the report of the single joint expert or clarifying aspects of the valuation process. The process is helped by direct and open conversations with the instructing party which would not be possible with the single joint expert.

We have seen many cases where it appears the single joint expert has not fully understood the financial position of a business or appears to have accepted too readily the position put forward by the business owner. It is vital that this position is corrected through properly presented questions to the jointly instructed expert.

Using a shadow expert can be particularly useful in complex cases combating the situation where one party is the business owner and is effectively already receiving the benefit of such advice from the company accountant.

At Pierce, we have considerable experience in acting as shadow experts within the context of divorce proceedings. We aim to provide cost-effective advice to assist the party achieve a fair settlement.

If you would like to discuss the appointment of a shadow expert, please contact George Horley or Jeremy Rowe, directors of Pierce Forensic Limited, on 01254 688 100

Enjoyed this? Read more from Pierce CA Ltd

Latest news

1

New five-story hotel set for Morecambe Morecambe 86 Bedroom Hotel

New five-story hotel set for Morecambe

08 Dec 2023

2

Enterprise Zone expansion recommended for approval Blackpool Airport EZ Masterplan Visual Dec 2023

Enterprise Zone expansion recommended for approval

07 Dec 2023

3

Green light for 1.6million sq ft Central Lancashire employment site Lancashire Central Illustration

Green light for 1.6million sq ft Central Lancashire employment site

07 Dec 2023

4

Boost launches exclusive programme to help businesses scale 05-ScaleToThrive.jpg.jpg

Boost launches exclusive programme to help businesses scale

08 Dec 2023

5

Cowgills senior promotion follows surge of successful transactions Brad and Ian.jpg.jpg

Cowgills senior promotion follows surge of successful transactions

08 Dec 2023

Fob Advert 980x120
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Help to Grow Management Course
Collaboration v3.png.png
LBV Hub Seminars
31 Oct 2023 - 14 Feb 2024

Help to Grow Management Course

University of Central Lancashire, School, Online and face-to-face , UCLan, PR1 2HE

09:30 - 11:30

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
12 Dec 2023

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
12 Dec 2023

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Withnell, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Lancaster - Eden Business Network
Eden Business Network.png.png
LBV Hub Networking
13 Dec 2023

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Hatters.png.png
LBV Hub Networking
13 Dec 2023

Business Networking in Preston - BNI Diamond

Norman Jepson (Beefeater), Bluebell Way, Preston, PR2 5PZ

07:15 - 09:00

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
14 Dec 2023

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Discover the power of BNI ONLINE - Business Networking in Lancashire
Preston.png.png
LBV Hub Networking
14 Dec 2023

Discover the power of BNI ONLINE - Business Networking in Lancashire

Online Meeting, -, -

09:30 - 11:00

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
14 Dec 2023

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
15 Dec 2023

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
15 Dec 2023

Business Networking in Preston - BNI Brunch

Samlesbury Hotel, Preston, PR5 0UL

09:30 - 11:00

Business Networking in Lancaster - Eden Business Network
Eden Business Network.png.png
LBV Hub Networking
20 Dec 2023

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Discover the power of BNI ONLINE - Business Networking in Lancashire
Preston.png.png
LBV Hub Networking
21 Dec 2023

Discover the power of BNI ONLINE - Business Networking in Lancashire

Online Meeting, -, -

09:30 - 11:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV Advertising Visual NovDec
Subscribe now

Weekly news bulletin