A survey of the country’s leading family law firms has found that husbands are hiding assets in nearly a third of divorce cases. Nearly all the 101 divorce lawyers surveyed – 94 per cent – said they believed there were assets, including cash, property, savings and shares, squirreled away in three out of ten of the cases they handled.
Husbands tend to be the “culprits” in this because in the majority of divorce cases, the man earns more than the woman and therefore has more incentive to conceal financial assets.
The fears of divorce lawyers, the result of a landmark Court of Appeal ruling last year, were revealed in a survey by accountancy firm Grant Thornton. Nearly half – 48 per cent – said they thought the case at the centre of the ruling had led to more people “definitely or probably” hiding their wealth from the courts.
The team at Benussi & Co – one of the UK’s top divorce law firms – is well aware of this development and is on the case!
For a key member of our team is Robin Cooke, one of only a handful of forensic accountants to be mentioned in the Legal 500.
Robin, a member of The Academy of Experts and The Expert Witness Institute, is expert in helping clients whose cases involve complex business structures or “hidden” resources.
Certainly it isn’t easy to track down assets that someone is trying to conceal, but if you have the know-how – which Robin does – it is not only possible but more than likely.
This right to privacy is high on our agenda and it underlines the importance of employing the services of a dedicated matrimonial law firm like Benussi & Co to handle your divorce. High street practices don’t have the time or the expertise to pursue difficult or complicated cases.
Certainly it will cost you more in the short term to employ a forensic accountant to track down your estranged spouse’s hidden assets – but it will reap dividends in the long term.
If you would like to speak to Robin, please ring our office or email him.
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