Ultimate Guide to Financial Disclosure on Divorce in the UK

[@giorgioc8263]

Is there any guide “how now get screwed in a divorce” as man in the uk ?

[@lordmfitzgerald3rd754]

Probably not because that’ll stop the commodity of weddings to begin with because marriage plays on women’s minds. Marriage is nothing.

[@aallamas429]

Our assets should be considered before separation or after separation as well?

[@mediateuk9023]

You need to do the disclosure at the current time. When you separated may impact how you agree to divide the assets. But they need to be up to date as of now.

[@gopherbar]

So getting divorced, I signed a prenup which states if we split we leave with what we brought into the marriage. She owns the house, she bought before I met her, which I don’t want or intend to ask for half, I don’t own any assets, small amount of savings and no debts. I just have my two pensions. So my question is this if she insists on half my pensions can she get them even though I don’t want half the house or land sale which will be in the region of £400,000.

[@mediateuk9023]

Hello - To answer your question a solicitor would need more information on your situation and to see the pre-nup. You need to reach an agreement - as going to court is going to be very expensive. Take a look at the 11 ways to reach an agreement and see what you can agree on. www.mediateuk.co.uk/11-ways-to-reach-a-financial-settlement/

[@sp4rtavus244]

I know that my partner has lied on her form E about her pensions contributions/assets, she says she has none. In the first hearing the judge asked me if I had any questions to ask her or her Barrister about her form E and i said no. I now know that she definitely has a pension but can i email the court/judge and query this or mention it in the 2nd hearing ? Or have I missed the opportunity?

[@mediateuk9023]

Hello and thank you for your question. For specific queries like this, we cannot give advice, but recommend taking legal advice. Get in touch if you want us to recommend a good solicitor. www.mediateuk.co.uk

[@user-ww8dm5mj7f]

Does the form D81 need to have exact values or can you put rounded numbers on there?

[@mediateuk9023]

As always you should take legal advice but the D81 does not usually include pennies, just pounds.

[@jaystevens1965]

What if you're one of a number of discretionary trust beneficiaries where the trustees have powers to decide how to apportion the fund?

[@mediateuk9023]

Hi Jay. You would need to take legal advice on this as no set answer. Shop around for a solicitor or you can get fixed fee legal advice on your whole situation through here: www.mediateuk.co.uk/legal-advice-packages/

[@nikkion2140]

Do you mentioned assets already sold off where you are just legal owner only (i.e not beneficiary)?

[@mediateuk9023]

Hello. This needs a bit more context to answer. You can call us on 0330 999 0959 to go through it, or try our new ai chat box too www.mediateuk.co.uk - Thank you :)

[@lorenaruiu4629]

Am I liable for my husband’s debts?

[@mediateuk9023]

Possibly. Liabilities and assets are taken into account in the overall division of assets. It depends on both your needs moving forwards. Hope this helps a little. To properly answer you would both need to do a financial disclosure.

[@Thunderbolts81]

Been looking at the D81 form - it asks to complete the form before and after the imposed order, but how do you complete this if you've already divided assets and been living separated for a few years?

[@mediateuk9023]

Hello - The D81 must show the current financial situation. You then lay out what arrangements you made at the time of separation. We offer a free call if you need help with a consent order. Visit www.mediateuk.co.uk. All the best.

[@Markevans279]

How would I include/value my inheritance in form of my parents property in a trust for me and my two siblings? For me these are far from realised funds as my parents are not in bad health and keep mentioning selling to cash in or equity release. Besides the fact that my ex has kept and wants to keep the nearly 100k of inheritance from her mother and some premarital that was in our house at the time of leaving the property and separating, 60k of which was gifted to us for me to renovate the house.

[@mediateuk9023]

Hello Mark. If your name is on the trust, your share in that trust must be valued and disclosed. Any inheritance already received must also be disclosed. Disclosing an asset doesn't mean it has to be shared. That would form part of the discussion on finances. But not disclosing could invalidate any legal agreement and put you in contempt of court. Think of it in two stages. Disclosing everything is stage 1. Stage 2 is to discuss how any assets are to be divided and what you agree should not be shared. Hope that helps a little. As always, I have to recommend getting legal advice. All the best.