Can couples hide assets from each other during divorce?

Can couples hide assets from each other during divorce?

Couples are not allowed to hide their assets from each other during divorce and have a duty to disclose all relevant financial information to each other during the course of proceedings. Recent case law in this area has altered things but not to the extent that full disclosure is not required. The Hildebrand rules The ‘Hildebrand rules’ refers to a case between Mr and Mrs Hildebrand who, upon divorce and subsequent ancillary relief proceedings, Mrs…

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How to protect your assets during a divorce

How to protect your assets during a divorce

One of the most complex and important tasks during a divorce is the financial settlement. Therefore, it is important to contact a solicitor to provide you with comprehensive advice on all aspects of financial matters arising out of a divorce. You may also wish to consider approaching a solicitor to discuss the possibility of reaching a collaborative prenuptial agreement with your partner prior to marriage/civil partnership in order to minimise litigation in the event of…

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Negotiating the division of money and property

Negotiating the division of money and property

Many people going through divorce say deciding how to allocate financial assets, such as property, pensions, and savings, and issues related to child and spousal maintenance is the most stressful part of splitting up. Except for child maintenance, there is no set formula to work out the division of money and property. The objective is simply to stretch joint assets to cover both parties’ needs in a way that is reasonable and fair. Parties can…

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Property and debt division FAQs

Property and debt division FAQs

I live in a 3 bedroom house with our 2 children. My husband says we should sell the house and move into something cheaper so he can buy somewhere for himself. Can he force me to sell our home? The court certainly has the power to order the sale of the property. However, it will weigh up many different factors before making such a decision. One factor cutting against a sale would be if your…

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