Is it possible to divorce without financial disclosure?
If you only want to end your marriage without dealing with financial matters, financial disclosure is not required. If, however you also want to resolve financial matters, then you must provide financial disclosure.
Without disclosure, a Court cannot approve a financial settlement even if an agreement is reached outside of court.
Financial disclosure allows the parties, and the court to assess the total available assets, and whether the proposed financial agreement is fair to both parties.
Whilst skipping financial disclosure may save time in some divorce cases; it also has its risks. It leaves financial matters unresolved, and exposes both parties to potential legal and financial consequences long after their divorce is made final.
Facebook
Linkedin
X
Pinterest
Email