Divorce myth #3: Full disclosure is not necessary

Myth #3: Full disclosure is not necessary

Parties are expected to make full, relevant and continuing disclosure to each other, setting out full details of their circumstances.

Early, voluntary disclosure is encouraged in order to assist negotiations and increase the chances of reaching an early settlement and avoiding court proceedings. This duty is ongoing throughout the process.

Myth #3: Full disclosure is not necessary

Usually, parties are required to disclose twelve months’ worth of bank statements, three months’ worth of payslips, up-to-date cash equivalent transfer values for all pensions, and any debts and liabilities. The consequence of not disclosing assets can be serious, such as a cost order being made against you, adverse inferences being drawn due to the lack of requested information - or you could even end up in prison for contempt of court.

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Our senior and experienced team, based in our offices in London, Cardiff and Bristol, regularly advise on high-networth divorces with valuable assets involved. They regularly work on both UK and international divorce cases, with experience in the intricacies of separation or divorce within different religions and cultures. We can advise you at every stage of your separation, divorce or dissolution. Whether you are ready to file for divorce, or you simply want to discuss your options – our trusted lawyers will be by your side.