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DISCLOSURE OF MATRIMONIAL ASSETS IN SINGAPORE DIVORCE

If your divorce is contested, parties will be ordered by the Singapore Family Court to make full and frank disclosure of information and documentation relevant to their assets. 

DIVISION OF MATRIMONIAL ASSETS

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If your divorce is contested, parties will be ordered by the Singapore Family Court to make full and frank disclosure of information and documentation relevant to their assets.

You must comply with your duty to provide full and frank disclosures. This duty to make full and frank disclosure serves 2 purposes:

a.  It enables a party to make an informed decision on whether and how best to settle their case, once parties have full knowledge of finances and assets.

b.  If a settlement is not possible, it enables the court to make final orders that are fair, just and equitable.

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What information should you disclose?

You should disclose financial information relating to:
  • Your assets.
  • Your salary.
  • Your income tax returns.
  • Your bank accounts.
  • Your liabilities and loans.

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Duty to disclose is an ongoing duty

The duty to be honest continues until the divorce case is concluded.  Parties are required to provide timely, updated disclosure to the other party if additional information comes to hand or if circumstances change, which could affect the proceedings.

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Consequences of non-disclosure

If a party fails to provide full and frank disclosure, there will be severe consequences.  In the first instance, failure to disclose may result in the guilty party being found guilty of contempt of court.

Secondly, the court is likely to make adverse orders or adverse inferences against the guilty party when it comes to the outcome of the case.

The rule is, therefore, simple – be honest, and disclose.   There are good reasons why the court requires full and frank disclosures, and all litigants should follow the court rules.

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Division of matrimonial assets.

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ABOUT PKWA FAMILY LAW

PKWA Law Divorce Lawyers

At PKWA Law, our team of Family Lawyers are consistently named as leading Singapore family lawyers by respected independent legal publications such as Asian Legal Business, the Straits Times, Singapore Business Review, Global Law Experts and Doyle’s Guide to Singapore Family Lawyers. 

Contact us at tel 6854-5336 for a free first consultation. 

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Have a question? Contact PKWA Law today for your free consultation.
Call Us At +65 6854 5336
(Family Law)
Call Us At +65 6397 6100
(Conveyancing)
Email Us At mail@pkwalaw.com