Hidden Assets And Divorce

Disagreements are not uncommon in divorce. If a separation is acrimonious, one spouse may try to deprive the other of their share of assets. In some cases, a party may hide bank accounts or assets as part of an effort to evade an equitable distribution.

How do we deal with financial matters upon divorce?

The Supreme Court will take into consideration a number of factors when determining what a fair financial settlement should be in any divorce. Those factors are set out in section 27 of the Matrimonial Causes Act (1974). Usually, the first consideration for the Court is the welfare of any children of the family. The remaining issues will then be considered to determine a fair distribution of the marital assets. The needs of both parties will also have to be met.