Continuing my look at Form E, section 2 is the largest section of the form as it is covering all the matrimonial assets and liabilities. It is divided in to ten parts, each looking at a different type of asset or liability. It is important to complete the form as fully as possible and to provide the relevant supporting information. The form details the minimum supporting documents which should be attached, but this does not prevent you from attaching further supporting documents which are relevant.
The form requires you to provide information in respect of all of your assets. Even if assets are in your sole name, acquired pre-marriage or post separation, they still need to be declared. Also you need to include joint accounts, even those held with your ex for although the other party may be fully aware of them the court does not know about them.
If documents have to be requested from third parties ie – statements, pension information, then it is best to make the request at the earliest opportunity as it can take time to obtain these.
For some assets, such as property and businesses, formal valuations may be required. If this is the case it may be possible for it to be agreed with the other party that there is a joint valuation so the expert is instructed by you both to value the asset.
As the other party can raise questions in respect of missing information and for clarification, the more complete the disclosure, the less questions will hopefully need to be raised. Also if information or supporting documents are not provided then the court can make inferences as to why that information has been excluded.
For more information on matrimonial matters or to find out how we can help you, please contact our Family Team on 0345 646 0406 or fill in our online enquiry form and a member of our Team will be in touch.