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Hiding assets?

  • Mollydoll
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21 Jan 19 #505796 by Mollydoll
Topic started by Mollydoll
I'm trying to gather figures to reach a financial settlement and have most of them but ex will not declare his Police (Superintendent) pension. I have a feeling he may have stopped paying in to to reduce its value, and may have hidden other assets.
We separated 5 years ago, Together 15 years, married 12) he lives a lavish lifestyle and is in the 4 bed detached family home, I'm in a 2 bed rented cottage, with 2 growing boys, work full time and struggle, having had to declare financial difficulties last year- low point, (understatement!).
He does pay maintenance. I received 15k from house and 20k share of joint debt, solicitors agreed it was a good offer as little equity, but 1st advice was to sell, he wouldn't.
I feel I may now be chasing assets which may not exist and I will never have a permanent home.
Do I need a forensic accountant? Any other ideas very welcome, Thank you

  • Monpellier
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22 Jan 19 #505805 by Monpellier
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He will have to produce a Pension CEV statement; he may have already got it and not shown it to you as they can be quite high (mine was £330k!). I take it that you were not married as this would come out during the divorce.

  • WYSPECIAL
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22 Jan 19 #505809 by WYSPECIAL
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It won't be difficult to get valuations for the Police pension.

I doubt he will stop paying into it to reduce it's value. It's worth too much especially if he is at the back end of his service and in the old 30 year scheme.

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22 Jan 19 #505810 by Mollydoll
Reply from Mollydoll
Thankyou for your messages
Yes we married in 2001 and are still married actually,

He's due to retire in 2022 so I think it's the old scheme,

I'll keep going and hope it all comes out then,

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22 Jan 19 #505811 by Mollydoll
Reply from Mollydoll
Thankyou, I'm thinking the 50k he offered (albeit we were together only half of his service) may not have been a fair offer then!

  • hadenoughnow
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22 Jan 19 #505812 by hadenoughnow
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If he won't disclose his finances voluntarily, it is open to you to apply to the courts for financial remedy. He will then have to make full disclosure and will be answerable to the court if he does not.

You would have to try mediation first.

Any agreement you have already made about finances can be revisited if you do not have a legally binding financial settlement.

Did you transfer your interest in the former marital home?

Where are you in the divorce process?

Do you have a solicitor?

How old are you both? How old are the children?

Are either of you in a new relationship?

A police pension is likely to be very valuable. In the absence of other assets to divide, it is possible you may be awarded a significant share.

If you are self representing, this website has a range of cost effective services to support litigants in person as well as a free helpline.

Hadenoughnow

  • Mollydoll
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22 Jan 19 #505818 by Mollydoll
Reply from Mollydoll
Thankyou, I feared court may ultimately be the only way forward, although the financial settlement consultation on this site may suit perfectly, but with the figures of course,

I am 49, he will turn 49 in June children are 14 and 9,

Yes I signed over the mortgage as I knew I couldn't take it on and thinking I had little choice,

From advice on this site I've put matrimonial home rights on the property through land registry,

I have consulted a solicitor but haven't yet filed for divorce.

I'm not in a relationship, he's in lots but not a significant one, as far as I know.

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