In sorting out the division of the family’s finances, a lot of information is required from both partners, so that a full picture of the family’s financial situation can be made and a fair arrangement can be reached, whether by agreement or by the Court.
Each party is obliged to complete comprehensive details of their respective financial position in a Form E. The exact information that is needed depends entirely on your unique circumstances, so it is impossible to list these all here.
It is vital that the partners respective legal advisors have a clear understanding of the family’s financial position in order to provide the best advice in relation to any proposed arrangements over the finances and if an agreement cannot be reached then the Court needs this information to make a decision on the division of the family’s assets and liabilities.