Mediation Week - Financial Disclosure

Do I need to provide financial disclosure as part of any mediation and if so, what does that look like?

As part of our series of articles for Mediation Week, today we are looking at the issue of disclosure when addressing the financial aspect of a separation. One of the first questions we are often asked is whether this even needs to be provided and if so, in what form? The principle driving force behind this question is usually one of cost both in terms of time and expense.

In the first instance, yes, you and your partner will both need to provide full and frank financial disclosure as part of your mediation. This is so that you are both able to make informed decisions with all the information available to you. This will give you both the best possible chance of reaching a fair agreement but also give you the space to be creative with your solutions on the basis that you are aware of the complete financial circumstances of your relationship.