Divorce – Is Your Former Partner Being Secretive About Finances?
Not every couple involved in a divorce case will be faced with a spouse being secretive about their finances but there are plenty of cases where crucial information is withheld. This can be self -defeating for those who are attempting to conceal information to protect their assets and avoid having to share them with a former spouse.
One thing is certain in the case of finances in divorce, there will need to be full and frank disclosure of finances otherwise there is the very real risk that any agreement can be challenged either during the divorce process or at a later on.
You solicitor will provide all the necessary advice about what you need to disclose about your finances and you will be advised that it is in your interests to be fully transparent. A court will take a dim view if anything subsequently comes to light about finances that was deliberately withheld in an agreed settlement.
Disclosure of finances is done via the completion of Form E which provides the opportunity to document all details relating to your finances. It is expected that the details contained in this document include everything that should be included with no omissions.
Your solicitor can advise you on how to complete the form and also how to follow the correct procedures if you feel that your spouse is attempting to conceal the full details of their finances.