There are many unfortunate events that can lead to a stressful litigation. It can often go on for years and make something like an audit from the IRS look like a walk in the park. When litigation happens, it can lead to the selection of a financial expert witness. It is best to search for one early on in the process. However, it can be difficult to know what to look for when finding the right expert for your case. While it does seem very confusing at first, it doesn’t need to be. Below are some factors to consider when searching for an expert witness for your case.
In For The Long Haul
You will want to hire a witness that is going to be there with you through the whole case until the end. Many professional witnesses like to try and avoid depositions and testimonies. Find an expert witness that will fulfill all of their obligations until the end and take the stand if it is necessary.
A Witness With A Team
A litigation has the chance to drag on for a very long time. This can oftentimes leave you without a witness when the time finally comes for witnesses to be seen. Find a witness that has a strong team behind them so you will have continuous support through the whole process if your original chosen expert witness is not able to see the whole case through.
Qualifications Are Important
Even though a witness with the CPA designations is very high respected, evaluate whether or not your case could benefit from an expert that also has other industry credentials. Some witnesses have specialized valuation or some fraud designations.
While you may have had a great experience with a witness in the past, be open to looking at other options. Each case is different and unique and a different witness may be a better option. Speak with a few witnesses to be sure you pick the right one. You are going to want to hire a witness that has the best chance of getting you the results you desire.
Finding the best financial witness for your case can be tedious. It is an important step to having a good outcome on a litigation case. Choosing a good financial litigation support specialist such as Michael F. Richards of mrichardsconsulting.com can mean the difference between a good or bad outcome of your litigation case.