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Published on Oct 23, 2012
In this law video, Darla review the steps required to fill out a financial statement for the family court or negotiating the terms of your divorce settlement.
When entering into a Separation Agreement or bringing an Application before the Court, parties must provide full financial disclosure.
Complete financial disclosure is a prerequisite to the settlement of any family law case. The Family Law Act and its interpretation by our Courts, leaves no uncertainty in this respect. Any agreement can be set aside if a party has failed to truthfully and accurately disclose his or her financial position.