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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

 

Duty to disclose a windfall

  • T W Dixon
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16 Jan 22 #518601 by T W Dixon
Topic started by T W Dixon
At a “First Appointment” hearing, the judge told the parties that, if either of them wins the lottery, they must declare it.

The typewritten order itself does not say anything about this.

What and where are the rules about this?

The context is that one of the parties just lost a parent and might (or might not) receive a substantial inheritance.

  • hadenoughnow
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16 Jan 22 #518602 by hadenoughnow
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Both parties have a duty to update disclosure as changes occur.

Inheritance is not part of the matrimonial pot for division. It can however be seen as an asset to which that party has recourse if required ie to meet housing needs.

Hadenoughnow

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17 Jan 22 #518606 by T W Dixon
Reply from T W Dixon
How (and to whom exactly) should a party that received a windfall disclose it?

And, if that party fails to disclose it, what can the other party do about it?

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17 Jan 22 #518613 by hadenoughnow
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Updating disclosure is exchanged between the parties ahead of a hearing. It includes copies of bank statements since form E. Such disclosure is part of the hearing order.
Any funds paid into an account would show up. Ideally a windfall should be declared when it is received. Failure to declare could be seen as contempt of court. It could also mean any settlement order could be overturned.
If one party believes there is material non disclosure and a simple request for it fails, they can apply for an order to disclose providing what evidence they have. The order may be backed by a penal notice. Ultimately this means the non discloser can be sent to prison if they don't comply.

What sort of windfall are you talking about??

Hadenoughnow

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18 Jan 22 #518624 by T W Dixon
Reply from T W Dixon
The typewritten order in this case lists the application for a Final Hearing but does not mention updating disclosure.

What sort of windfall are you talking about??

An inheritance.

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04 Feb 22 #518794 by T W Dixon
Reply from T W Dixon

If one party believes there is material non disclosure and a simple request for it fails, they can apply for an order to disclose providing what evidence they have. The order may be backed by a penal notice. Ultimately this means the non discloser can be sent to prison if they don't comply.

Should the application notice specifically ask the court to back the order by a penal notice - or will the judge just add one if appropriate, regardless of whether the application asks for it?

  • .Charles
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04 Feb 22 #518796 by .Charles
Reply from .Charles
Updating disclosure is rarely mentioned specifically as the rules already provide for it.

See paragraph 7 of the Annex Pre-application protocol which is here www.justice.gov.uk/courts/procedure-rule...rections/pd_part_09a

Charles

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