What is Financial Disclosure in a Divorce?
What is Financial Disclosure? Do we need to do one? Do we need to disclose everything? These are common questions we get asked.
It is a process that two parties undertake to provide the best opportunity to achieve a fair financial settlement in a divorce or dissolution. This process is a requirement for any legally binding agreement.
Both parties would provide details of their income, expenditure, assets and liabilities so we can establish the value of what is on the table and then help you agree how to divide that up fairly to meet both your future needs.
Once again, we have put our Founder – Ali Carter, and our Head Mediator and PCC – Ian Lovatt together, to explain this process for you.
In the video below, we take a closer look at how to disclose your finances and the importance of doing this. And doing it right!