Less than ten per cent of family lawyers saw no divorce cases involving failure to fully disclose assets in 2012, according to a recently published survey.
The Matrimonial Survey 2013, by accountancy giant Grant Thornton, is based on a poll of 85 prominent family lawyers across the UK.
Just nine per cent of the lawyers surveyed said they had seen no divorce cases in which one partner tried to hide money and other matrimonial assets from the other during 2013. In both the previous two years, 20 per cent said they had seen no such cases.
Grant Thornton’s Chris Clements said:
“Concealment is clearly a major issue as is illustrated by the recent public cases of Prest v Petrodel and the ongoing Young v Young matter. What is clear is that concealment, particularly in corporates, will require detailed analysis of the financial records in order to confirm the true position.”