Divorce Financial Settlements
Any divorce financial settlement which is reached in the absence of full and frank financial disclosure can be set aside by the Court at a later date, so if you’re not completely open about your finances in divorce, you’ll be left with the risk that your divorce financial settlement could be reopened in the future.
So what can you do if you suspect your ex isn’t being completely honest and open when declaring assets? If you believe your partner has assets they haven’t declared during divorce proceedings, then get in touch with our Divorce Solicitors straight away. Our specialist Solicitors have years of experience in divorce financial matters and may be able to help you get the financial settlement you deserve from your divorce.
Divorce Courts in England and Wales take a dim view of people who try to conceal assets and will penalise those who are dishonest about their finances. For instance, a Court can order the person to pay their ex’s legal costs, or award them a less generous settlement than they might have received otherwise. And in certain situations, a person who knowingly tries to hide their wealth can be imprisoned, even though the case is being heard at a Civil rather than a Criminal Court.
Even if your financial situation changes after you’ve applied to get a divorce and you’ve declared your assets, you still need to make this new information known, so the Court can make a decision based on the most current information.
For more information see Divorce Financial Orders and Financial Settlements.