How to complete a Form E for financial disclosure
What is a Form E?
When a marriage breaks down and the financial settlement is being discussed, it is advisable for the parties to exchange full and frank financial disclosure before preparing offers and deciding on the best way to divide the matrimonial assets. This is because it is helpful for both parties to have a clear understanding of each other’s finances when considering what is fair and it allows them both to obtain legal advice in respect of the finances.
What are the grounds for divorce?
There is only one ground for divorce, which is that the marriage has broken down irretrievably. In order to commence divorce proceedings, a divorce petition must be filed with the Court. The person who completes the divorce petition is known as the petitioner. The divorce petition sets out that the marriage has irretrievably broken down and this must be proved based upon one of five facts.
Can I have a No-Fault-Divorce?
On the 26th of June 2020, the Divorce, Dissolution and Separation Act 2020 received royal assent and became law.
The aim of this piece of legislation was to introduce the concept of “no fault” divorce into English Law. However, the current timetable for its implementation is estimated to be “Autumn 2021”.