Supposed non disclosure, freezing of assets for High Net Worth Divorce
Date when Video was Published: 06/10/2023
Script for the above Video
Supposed non-disclosure, including the freezing of assets for High Net Worth individuals
Most divorcing couples decide on a fair division of their accrued wealth on divorce by agreement. However, it’s not unusual for the economically stronger party to attempt to hide assets.
Essentially, the party’s to a divorce must be completely truthful and clear on the issue of accrued wealth because in the absence of all relevant information and documentation evidencing accrued wealth it is impossible to define a fair split.
If one party is found to have hidden accrued wealth the party hiding the assets is likely to be punished by being ordered to pay the other party’s costs and/or by being given a less favourable settlement.
If one party is attempting to hide assets or dispose of assets, the other party needs to act fast and take immediate action.
The effected party might want to seek an order to prevent the disposal of assets and/or to require assets already disposed of to be recovered or obtain a freezing order to prevent the disposal of assets. Alternatively, they might want to obtain a search order to establish to true extent of the assets involved.
If you require advice and assistance on the supposed non-disclosure of accrued wealth, including the freezing of assets for High Net Worth individuals, do not hesitate to contact us.
Duncan Lewis Divorce Solicitors appreciate that you will be contacting us in challenging and emotional circumstances. For that reason, we are here to advise on legal procedure relating to divorce and connected matters and answer any questions that you may have.
Please visit our website or call us directly on 033 3772 0409
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Disclaimer
This video content was created on 06/10/2023 to provide an overview of the legal position and the information was correct at the time this video was created. This video has been produced for purposes of generic information and marketing purposes only. While the information on this site is about legal issues, it is not intended as legal advice or as a substitute for the particularised advice of your own legal advisor. Please consult one of our lawyers to provide you with advice and assistance on any matters touched on this video. Viewing of this video does not create legally binding advice and does not create a retainer with Duncan Lewis Solicitors.
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