Call us: Mon - Fri 8:30am - 7pm, Sat - Sun 9am - 5pm
Call local rate 0330 056 3171
Mon - Fri 8:30am - 7pm | Sat - Sun 9am - 5pm

What is financial disclosure in a divorce?

Stowe Services

Financial disclosure in divorce

Financial disclosure is the completion of documents that clarify your financial position as part of the divorce process. 

Whether you are completing your divorce by negotiating directly with your ex-partner or spouse, through solicitors, via mediation or the courts, both parties should provide full and frank disclosure of their assets and debts. 

This process is the only way a solicitor can advise you in detail as to whether the settlement is fair and reasonable. 

The financial disclosure process

The process of financial disclosure provides the other party with information regarding their financial circumstances, and evidence to support it.

It is often facilitated through the completion of Form E (view a Form E here), which is the document the court will direct the parties to complete if an application is made for a judge to determine how their assets should be divided.

Although it derives from the court process, Form E is commonly used when the parties are trying to reach an agreement, whether directly with each other, through mediation or solicitors. 

A Form E may include information on the following, together with supporting documentation:

  • Property values

  • Mortgage balances

  • Bank account balances

  • Savings, investments or other such account balances

  • Liabilities

  • Income 

  • Business values

  • Pension cash equivalent values

Once Form E has been completed (with all of the relevant supporting documents attached), it is exchanged (preferably simultaneously) with the other party.

Each party then has an opportunity to consider the details provided and, should they wish, ask for further evidence or clarification. 

The intention is to ensure that 

(a) the parties believe they have all the information they need to understand the other’s financial circumstances and

(b) there are no hidden assets or otherwise suspicious transactions.

Read the do’s and don’ts of how to complete a Form E

Other elements of financial disclosure 

There are other elements of financial disclosure which are worth considering. 

These include:

The value of any assets

If there are any assets of significance, but the value is disputed, an expert will likely need to be instructed. This can include surveyors to value property, chartered accountants to value businesses, or actuaries to assist in valuing pensions.

The mortgage capability of both parties 

It is important to understand how much each party can borrow on a mortgage, to rehouse themselves in the future.

Each party should each speak to a mortgage broker who can then write to confirm the details regarding their maximum borrowing capacity. 

The parties’ reasonable housing needs

To determine what each parties’ reasonable housing needs are likely to be, they should each provide particulars for properties on the market for sale that they believe would be suitable for themselves and the other. 

If both parties are satisfied with the information, then they are well placed to begin negotiating a fair and reasonable divorce settlement. If or when an agreement is reached, then this should be formalised into a document known as a consent order, which is then sent to the court.

The court will review the agreement and, providing it is considered reasonable and fair, will formally approve the order. 

Once a consent order is approved, it offers the parties security and certainty in how the assets will be divided and that their agreement is enforceable. 

Why is financial disclosure important? 

Without financial disclosure, you cannot be sure of your ex-partner’s/spouse’s assets. This is crucial because the law in this area is discretionary so that different financial circumstances lead to differing financial outcomes. 

Therefore, if you do not know what the correct financial circumstances are, you cannot be sure that the agreement you have reached is fair. 

Full and frank disclosure enables both parties’ solicitors to have a clear picture of the financial assets in a marriage, assess the circumstances and then advise as to the correct way a court is likely to approach a division of assets. 

Get in touch

If you would like further advice, please do contact our  Client Care Team here to speak to one of our specialist divorce lawyers.

James is Head of our Berkhamsted office and partner in our St Albans office. He studied at the University of Sheffield and the College of Law in London.  James has experience in a breadth of family law issues, including divorce, finances, unmarried pivorceartners and children disputes. He takes a practical approach to his cases and aims to provide clear, straightforward advice. As a member of Resolution, amicable agreements are at the forefront of his approach, but he is equally adept at progressing matters by way of court applications where appropriate.

Get in touch


  1. John Fosbery says:

    I got divorced in 2007,and had a financial settlement with my ex. After the settlement it came to light that my ex had not fully disclosed her bank accounts and financial situation. She was awarded £60k based on what was disclosed. I discovered later that she had bank accounts I knew nothing of that weren`t disclosed. I suspect she had hidden away at least £30k. is there anything I can do to recover any of that money?

    • Sally Shakespeare says:

      Hi John. Thank you for your enquiry. I’ve passed this on to our Client Care Team who should be able to offer advice. Regards

  2. james k lefebvree says:

    I have the same thing happen to me. My ex wife hide assets and did not disclose them during our 2017 divorce. Now I find out she bought a home all cash the last year and did not disclose all of her assets. What can I do I still am paying her $3,000 a month in spousal support. I stopped paying her support this last month and I want a full disclosure of her financial assets

Leave a Reply


Newsletter Sign Up

For all the latest news from Stowe Family law
please sign up for instant access today.

    Privacy Policy