When dealing with financial matters in divorce or separation parties owe a duty of full and frank disclosure to each other. This is irrespective of whether disclosure is taking place on a voluntary or court ordered basis. This duty requires the parties to be open and honest about all aspects of their finances namely property, other capital assets, liabilities, pensions and income from all sources. Most disclosure is formulated on a financial statement or Form E. This is the document required within court proceedings and it sets out the parties’ positions in a clear and concise manner.

Without full and frank financial disclosure legal representatives are unable to advise what is fair and reasonable in terms of settlement. Full disclosure from the outset ensures sensible and fruitful negotiations can be undertaken.

If a person’s financial affairs are complex we are happy to work closely with professionals known to that individual to ensure the disclosure provided is accurate and coherent. Likewise, when receiving disclosure from another party we often consult professionals such as accountants or pension actuaries in order to assist with any queries the disclosure may create.