Keeping Mum - Full And Frank Disclosure In Matrimonial Proceedings

"I know he's got more than he's saying" and "I've got these documents about his money let me show you..."

I often hear these comments when dealing with the disclosure of assets as part of the financial settlement in a divorce. Whether you are a husband or a wife (although usually it is a wife) in such a position, what can you do? Recent case law has made it unwise to proceed without seeking professional advice.

Within the financial proceedings both the husband and the wife are required to provide full and frank disclosure of their financial situation. Once exchanged, the financial information and documentation is looked at and any missing information can then be requested. Clues as to hidden assets can often be located from other sources.