The Situation
Our client, a Jersey resident, was going through a divorce after a long marriage. The couple had accumulated significant wealth, including property, investments, and business interests. During financial disclosure, the other spouse provided incomplete information and appeared to be concealing assets, raising concerns about fairness and transparency.
The Challenge
The key issues were:
- identifying undisclosed assets and ensuring full financial disclosure.
- preventing the dissipation or transfer of assets during the proceedings.
- achieving a fair settlement despite the other party’s lack of cooperation.
This required a strategic approach to evidence gathering and, if necessary, urgent court applications.
Our Approach
Parslows LLP | Family Law team acted decisively to protect our client’s interests:
- conducted a forensic review of the disclosed financial documents, identifying inconsistencies and gaps.
- worked with financial experts to trace potential hidden assets, including offshore accounts and company structures.
- maintained a negotiation-first approach, but prepared robustly for court to ensure compliance and accountability.
The Outcome
Our proactive strategy resulted in the discovery of significant undisclosed assets. This led to a substantially improved settlement for our client, reflecting the true value of the marital estate. The case was resolved without a contested final hearing, saving time and costs while ensuring fairness.
Key takeaways for Clients
- Full and frank disclosure is a legal requirement in divorce proceedings.
- If you suspect assets are being hidden, early legal advice is essential.
- Strategic use of disclosure orders and injunctions can protect your financial position.
How Parslows LLP can help
If you are concerned about hidden assets in a divorce, our experienced family law team can help. We provide clear, practical advice and work tirelessly to ensure you receive a fair outcome.