When seeking to reach financial agreements within the context of a relationship breakdown resulting in divorce or the termination of a civil partnership, collating documentary evidence of a client’s financial position is key.
The step of collating financial information is expected to be reciprocal and that both parties are open and transparent in respect of their financial disclosure. The information required to be disclosed will include evidence of property, land and business interests, bank accounts, investments, and pensions as well as sources of income.
Increasingly, though, parties’ assets include electronic assets, i.e., cryptocurrency, which bring their own challenges owing to these not being tangible assets in the same way as, say, a Revolut account, which is used to be able to use different currencies.