What if my spouse's assets and income are undervalued?

Where a spouse has significant assets, they can often try to downplay their value on divorce. Attempting to hide or undervalue assets in a divorce carries serious legal consequences, as both parties are legally obliged to provide full and frank financial disclosure.

If your spouse attempts to undervalue their assets, it is crucial that you seek the correct value in order to ensure you get your fair share of the marital wealth.

Sometimes spouses will route their business through a complex web of company structures. On other occasions they will manipulate the way the business is run and accounted for in order to suggest it has a lower value. The court appointed expert valuer will have to contend with each of these tricks as it seeks to properly value the asset.

With in-house corporate and forensic accountancy expertise, Vardags can help ensure that the valuer asks the right question and reaches the right conclusion. We will be able to trace and assess how your spouses’ wealth is held and analyse the accounts to check whether they present a true portrayal of its value.

Vardags will ensure that the valuer, and the court, ask the right questions and uncover the true value of your spouses’ assets and any they have attempted to hide.

Equally, Vardags’ understanding of corporate practices will help us set out the true level of your partner’s income. We know how people downplay their income, be it arranging complex remuneration packages, or running personal expenses through a business. We will interrogate their accounts and find out what they really earn in order to help your claim. Learn more about how are specialist team can help here.

If you’re considering or going through a divorce and are worried your spouse’s assets are undervalued, click below for a free initial consultation with one of our expert divorce solicitors.

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