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Undisclosed Assets on Break-Up Cause Problems for Executor Undisclosed Assets on Break-Up Cause Problems for Executor

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Dec 16

Undisclosed Assets on Break-Up Cause Problems for Executor

When a couple break up, a financial settlement is normally agreed between them as part of the proceedings and that, usually, is that.

However, in a recent case involving civil partners who had split up, the death of one partner shortly after the financial settlement had been concluded was followed by clear evidence that she had misled the court over the extent of her wealth when the settlement was made.

Her former civil partner went to court to claim that the settlement in her favour should be rescinded and a more generous one substituted, the claim being brought against the executor of her former partner’s estate.

The Family Court refused the claim.

On appeal, the Court of Appeal concluded that the rules relating to full disclosure should apply even after death and that the Family Court should make a new financial support order based on the known facts.

Source: News – Undisclosed Assets on Break-Up Cause Problems for Executor

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