Partner Katie Longmate has responded to a reader’s question in the Financial Times Money Clinic column about concerns that an estranged husband may be misrepresenting the value of his business during divorce proceedings. Katie explains the legal requirement for full disclosure of all financial circumstances, and outlines the practical steps that can be taken to verify the accuracy of asset valuations
Both parties are legally required to provide “full and frank” disclosure of their respective financial circumstances. This includes any income, savings, investments, liabilities, pensions, properties and business interests. You can agree to provide this information voluntarily, as part of your discussions and negotiations, or more formally, through court proceedings if a dispute arises.
The full article is available to read online from Financial Times online here, by subscription only.
About Katie
Katie Longmate is a partner in the family and children team, advising across the full breadth of family law, including on divorce, relationship breakdown and managing the associated financial matters.
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If you would like to speak with a member of the team you can contact our family and children solicitors by telephone on +44 (0)20 3826 7520 or complete our enquiry form.
