A high proportion of the work we do in the Family Team relates to the division of a couples’ finances upon separation or divorce.
An interesting example
Civil partners Helen Roocroft and Carol Ann Ainscow began their relationship in the 1990s, and separated in 2009, with their civil partnership formally dissolved in 2010.
- Miss Ainscow subsequently died and the apparent size of her estate gave rise to questions about the disclosure provided to Miss Roocroft on separation.
- However, the financial disclosure was not accurate and in fact Miss Ainscow had assets worth between £5,000,000.00 and £6,000,000.00.
What happens if you fail to comply?
For the division of parties’ assets to be fair, it is imperative that both parties have a full understanding of all the assets and liabilities in the case, prior to compromising their claims. I do not anticipate many cases where the non-disclosure is quite as substantial as the example cited above, but regardless of that, it is important that the financial picture given to the other party and to the court is accurate.
You can contact Justine Osmotherley from our Family team on 0113 336 3323 or by email at firstname.lastname@example.org
Disclaimer: Anything posted on this blog is for general information only and is not intended to provide legal advice on any general or specific matter. Please refer to our terms and conditions for further information. Please contact the author of the blog if you would like to discuss the issues raised.