Email: info@marlborough-law.com

Search

Navigating the Financial Landscape of Divorce: A Comprehensive Guide to Form E

Embarking on the divorce journey often involves grappling with intricate financial matters, and one crucial document that takes centre stage is the formidable Form E. This extensive 30-plus-page questionnaire unveils the financial lives of both parties, revealing assets, liabilities, income and expenditure. Let’s break down the structure of Form E into digestible sections.

1. General Information

This sets the backdrop, detailing the court and case numbers, the parties involved, and any children in the family. Health particulars and other questions paint the wider stories of the parties.

2. Financial Details

The central theme of Form E resides in its Financial Details section – an exhaustive exploration of economic holdings. From property and bank accounts, to life policies and family loans, this section demands a financial exposé. It’s a treasure hunt that includes cash stashes, valuable assets, and business empires, requiring supporting documents and valuations. Pensions, shares, and income streams, each meticulously with a demand 12 months’ worth of statements, policy documents, title deeds and P60s.

3. Financial Requirements

Section three asks parties to outline their financial needs. We use a schedule of needs to project monthly expenditures. The section then expands to include future considerations – retirement plans, potential illnesses, housing requirements, and capital assets. A holistic view, not just for the individual but also considering the needs of any involved children.

4. Other Information

The penultimate section can reveal any changes in income or assets within the past 12 months. It is a space for detailing the standard of living during the marriage and providing insights into contributions made or any noteworthy behaviour. Plans to remarry or cohabit can also be added.

5. Order Sought: Crafting the Finale

Section 5 allows parties to articulate their desires for a financial order. This can be requests for property transfers, clean break orders, pension-sharing agreements, and lump sums, casting the vision for the financial order.

Finally, the crucial signature on the Statement of Truth signifies the commitment to the validity of the disclosed information. Form E, while intricate, becomes a necessary compass through the tumultuous waters of divorce, especially when assets are plentiful, cooperation is scarce, or there is a suspicion of hidden assets. This comprehensive document ensures transparency, fostering a fair financial resolution in the midst of life-altering transitions.

Share:

More Posts

Get in Touch