Full,
frank financial disclosure is one of the most crucial — and contentious — aspects of spousal separation, Toronto - area family lawyer Andrew Feldstein says on a recent... Read more
From court actions to separation agreements and even when parties are simply signing a marriage contract, they need to exchange full and
frank financial disclosure.
They play a vital role in the collaborative process by ensuring that clients provide full and
frank financial disclosure.
If you do opt to write your own separation agreement, it is essential that both parties seek independent legal advice from a lawyer and that you exchange full and
frank financial disclosure prior to signing.
Spouses must provide full and
frank financial disclosure before agreeing to the value and method of the equalization payment, or risk having the agreement scrutinized and invalidated by a court in the future.
Not exact matches
• Each spouse is under an obligation to provide full and
frank disclosure to the other of all relevant
financial information.
Furthermore, as was made clear in the case of Cooper - Hohn, the efficacy of
financial proceedings in England and Wales depend on the parties providing full and
frank disclosure which is usually made in the expectation that such
disclosure will remain private.
In child support cases, the
financial disclosure requested from a non-resident parent (NRP) is wholly inadequate, compared with the full and
frank disclosure provided in the court process.