header-logo header-logo

17 December 2021 / Rakesh Kapila
Issue: 7961 / Categories: Features , Expert Witness , Wills & Probate
printer mail-detail

Estate disputes: enter the forensic accountant

67439
Rakesh Kapila explains how forensic accountants can help when disputes arise from the administration of estates
  • Valuations of business interests and quantification of claims.
  • The role of the forensic accountant.

Disputes after the death of a family member are increasingly common. Such disputes often involve the valuation of assets, competing claims and conflicts between beneficiaries. Many disputes create a need for forensic accountants to assist lawyers in the administration of estates. Expert accountants can assist lawyers with the following aspects:

  • pinpointing specific information required from the parties;
  • assessing the quality of the documents;
  • data collection and analysis; and
  • providing expert advice or reports intended for disclosure.

This article highlights that the work undertaken by forensic accountants can be wide-ranging and may include the valuation of the deceased’s interest in a business, as well as other valuation issues in relation to estates and the quantification of claims or aspects of claims if beneficiaries allege negligence or fraud against executors or initiate proceedings against each other.

Valuation of the deceased’s

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Trowers & Hamlins—Rahul Sagar

Trowers & Hamlins—Rahul Sagar

Banking and finance practice bolstered by partner hire

mfg Solicitors—Ian Sheppard

mfg Solicitors—Ian Sheppard

Commercial litigation team welcomes senior associate in Birmingham

Birketts—Nathan Evans

Birketts—Nathan Evans

Commercial and technology team in Cambridge strengthened by partner hire

NEWS

From blockbuster judgments to procedural shake-ups, the courts are busy reshaping litigation practice. Writing in NLJ this week, Professor Dominic Regan of City Law School hails the Court of Appeal's 'exquisite judgment’ in Mazur restoring the role of supervised non-qualified staff, and highlights a ‘mammoth’ damages ruling likened to War and Peace, alongside guidance on medical reporting fees, where a pragmatic 25% uplift was imposed

Momentum is building behind proposals to restrict children’s access to social media—but the legal and practical challenges are formidable. In NLJ this week, Nick Smallwood of Mills & Reeve examines global moves, including Australia’s under-16 ban and the UK's consultation
Reforms designed to rebalance landlord-tenant relations may instead penalise leaseholders themselves. In this week's NLJ, Mike Somekh of The Freehold Collective warns that the Leasehold and Freehold Reform Act 2024 risks creating an ‘underclass’ of resident-controlled freehold companies
Timing is everything—and the Court of Appeal has delivered clarity on when proceedings are ‘brought’. In his latest 'Civil way' column for NLJ, Stephen Gold explains that a claim is issued for limitation purposes when the claim form is delivered to the court, even if fees are underpaid
The traditional ‘single, intensive day’ of financial dispute resolution (FDR) may be due for a rethink. Writing in NLJ this week, Rachel Frost-Smith and Lauren Guiler of Birketts propose a ‘split FDR’ model, separating judicial evaluation from negotiation
back-to-top-scroll