What’s makes Streeterlaw Sydney lawyers unique?

The most important thing you should know about your team of lawyers and legal staff is that we care.

Back to FAQs

Why do I have to give all my financial documents to my ex-partner?

Many divorcing couples are hesitant when asked to give their financial documents to their ex-partner. This can include tax returns and many bank account statements.

The reason behind it is the requirement for “Full and Frank Disclosure”. Family Law Dispute Resolution seeks to resolve disputes before they get expensive, adversarial and litigious. The Family Law Rules actually require parties to engage in an exchange of information before they start proceedings in the Court. 

The parties must make a genuine attempt to dissolve the dispute before starting a case. Accordingly, in property and financial cases, this will require the exchange of financial and taxation records, details of income, liabilities and any businesses, companies or trusts. The more complex the financial affairs are of the parties, the more extensive these procedures will be.

A dispute may escalate if the parties do not trust one another and in the circumstances “assume” the worst. These worst case assumptions make negotiations very difficult. Accordingly, the philosophy and justification behind the implementation of these rules is to eliminate at an early stage as many of the uncertainties regarding financial matters as possible.

Call Streeterlaw Sydney Lawyers for divorce advice on 8197 0105.

Download your Free Divorce Advice ebook Parting Ways: Divorce and Separation: A Guide to Your Rights & Responsibilities
 

Found this article useful? Feel free to share it!
Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

Frequently Asked Questions

General

Family Law FAQs

Commercial Dispute Resolution FAQs

Debt Recovery FAQs

Disputed Guardianship and Wills FAQs

Family Law Articles

Commercial Litigation Articles

Streeterlaw

top
Ask a Question 1 Ask a Question1
Newsletter Sign-up Newsletter Sign-up
Contact Us Contact Us
 
top
Ask a Question Ask a Question
Newsletter Sign-up Newsletter Sign-up
Contact Us Contact Us