Going through a divorce is rarely straightforward, even when both parties initially intend to be fair. While the emotional toll can be quite a lot, the financial implications often have lasting consequences long after the decree is finalised. The Divorce Magazine points out that acceptance and awareness are some of the most important first steps toward rebuilding your life post-divorce. Part of this awareness includes recognising when a proposed settlement might not represent your best interests. Let’s look at five warning signs that could indicate potential issues with your divorce settlement.
Hiding or undervaluing assets
One concerning tactic is when a spouse conceals financial accounts, property, investments, or other valuable possessions. According to the Office for National Statistics, around 42 per cent of marriages in the UK now end in divorce. And, of course, this makes financial transparency an issue that affects thousands of families annually. Beyond outright concealment, some partners attempt to downplay the true worth of certain assets. Examples include deliberately postponing bonuses until after divorce proceedings conclude, undervaluing business interests, or failing to disclose cryptocurrency holdings. Be particularly vigilant about assets acquired during the marriage that suddenly disappear from financial discussions.
Refusal to disclose financial information
A fair settlement needs complete transparency from both parties. If your partner appears reluctant to provide necessary financial documents such as bank statements, tax returns, investment records, or pension details, this resistance should raise immediate concerns. Full financial disclosure is the basis for equitable division.
Manipulating financial records
More sophisticated manipulation involves altering financial documents, creating false debts, or transferring assets to family members or friends to artificially lower the marital estate. Watch for suspicious timing of large withdrawals, sudden loan repayments to family members, or unexplained financial activities in the months preceding separation.
Pressuring for a quick settlement
When your partner aggressively pushes for a rapid agreement without allowing sufficient time for proper review and consideration, their haste might indicate an attempt to finalise matters before you discover important financial information. Taking time to consult with divorce solicitors can help guarantee that you understand your entitlements and avoid potentially disadvantageous agreements. Proper legal guidance gives you important protection during what is often an emotionally vulnerable time when judgement might be compromised.
Ignoring your contributions
UK courts recognise both financial and non-financial contributions to a marriage when determining fair settlements. If your partner dismisses or undervalues your role as a homemaker, primary carer to children, or supporter of their career advancement, they might be attempting to minimise your rightful share of marital assets. Non-financial contributions often allow the other spouse to advance professionally and build financial resources. Courts understand this reality, even if your partner refuses to acknowledge it during negotiations.
When you remain vigilant about these warning signs and seek appropriate professional guidance, you can work to ensure your divorce settlement fairly reflects your contributions and provides appropriate financial security for your future.
