What if my spouse has an unrealistic view of my net worth?

Spouses having inflated ideas about the value of assets is not uncommon in high value divorces, especially where parties have had a high-spending lifestyle.

This false perception of reality can prove costly for both parties, if not kept in check. Where this is the case, full disclosure will be vital in demonstrating that there are no hidden assets while reassuring your spouse that everything has been done transparently. Equally important will be obtaining thorough valuations.

If your spouse has an unrealistic perception of your net worth and your finances, it’s essential to engage in open and honest communication. Involving financial and legal experts can help clarify the situation and ensure a fair resolution.

As top family lawyers, Vardags are experienced in dealing with valuation in complex divorce cases. Vardags know which questions will yield a realistic valuation. Combining family law knowledge with corporate experience, supported by our own in-house forensic accountancy team, we have well established links with expert valuers for almost everything, including businesses, properties or even art collections.

When reports are prepared we will ensure that the expert is asked the right questions, for example analysing the method which they employ in business valuation or raising key questions about discounting or liquidity. By providing full disclosure while ensuring the valuations before the courts are as accurate as possible, we will help achieve an outcome which reflects the reality of your financial situation.

If you’re considering or going through a divorce, click below for a free initial consultation with one of our expert divorce solicitors.

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