Disclosing bank accounts in Form E

The form e

The Form E is a sworn statement detailing the financial circumstances of both spouses. This comprehensive document is often the most detailed and essential piece of paperwork in a financial remedy application. Both parties must complete this standard form to give a complete overview of their financial situation.

disclosing all bank accounts in the form e

Part 1 of Section 2.3 of Form E requires details of bank accounts. All bank, building society and National Savings accounts held by either party within the last 12 months (including joint accounts) must be fully disclosed here, including those that were in the parties’ own names but also those that either party held an interest in. This still applies if the account is overdrawn or has been closed.

These must be accompanied by statements for all accounts covering the entire 12 months period. This information will be used to analyse expenditure, transfers, payments and if there is any that raises suspicions in the statements, then forensic accountants may be used to complete the financial picture.

what if i try to hide a bank account in divorce?

All parties are obligated to provide full and frank disclosure of all finances and relevant circumstances in Form E, including details of any bank accounts held. If a party fails to provide accurate disclosure or conceals assets, the court may later set aside the order and require them to cover the other party’s costs.

In severe cases of deliberate dishonesty, this could result in criminal charges under the Fraud Act 2006.

If you are going through a divorce and require assistance with the disclosure of bank accounts, Vardags can help. Click below for a free initial consultation with one of our expert divorce solicitors.

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