Financial Issues

The starting point in resolving financial issues during a divorce is for each participant to complete full and frank financial disclosure. This is the same starting point no matter which process you use to settle your dispute. I use the Form E because it comprehensive and this will save you time in the long-run. This is the link to obtain a Form E from the Government website

After the Forms E have been completed and each party has given full and frank disclosure of their finances, we progress to discussing and negotiating a financial settlement. I prepare an Open Financial Statement (OFS) before the bargaining phase, which outlines all the assets and debts. Discussions can then take place in mediation to reach an agreement about the division of capital, pensions, businesses, trusts, tax and obtaining a clean break or paying maintenance.

I also prepare an outcome document, at the conclusion of the mediation. This is often called a ‘Memorandum of Understanding’.