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Tips on the efficient use of accountancy experts in family financial proceedings

Date:15 APR 2024
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Roger Isaacs Milsted Langdon Accountants

In this article Roger Isaacs an experienced forensic accountant and mediator shares tips on the efficient use of accountancy experts in Family Financial Proceedings including:

  1. the importance of providing a comprehensive letter of enquiry detailing information about the business to be considered its size and any overseas issues.
  2. ensuing that conflict checks are undertaken early to prevent delays.
  3. setting a realistic timetable for the proposed expert considering the time it takes for business owners to gather financial information. This can prevent unnecessary extensions later on.
  4. the importance of considering the need to obtain historical valuations.
  5. the need to adhere to rule regarding a 40 page limit on expert reports in trial bundles.
  6. considering an extension for Part 25 questions of clarification to allow sufficient time for a thorough review of SJE reports.
  7. considering the appointment of shadow experts.
  8. checking the expert's availability to attend the final hearing especially in the light of TUI v Griffiths.

The full article has published in the March issue of Family Law

 

 

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