News

Graeme Fraser co-authors article on financial proceedings in Family Law Journal

  • November 28, 2016
  • By Hunters Law

Closer Examination

Graeme Fraser, Partner at Hunters, and Rakesh Kapila look at when it is necessary and proportionate to instruct a forensic accountant in financial proceedings

Changes relating to the use of expert evidence in family proceedings mean that the instruction of forensic accountants in financial proceedings requires technical precision and an appropriate understanding of case law, together with the procedural rules and guidance. By reference to a practical worked example, this article examines how family law practitioners and forensic accountants should operate to ensure that the appropriate evidence can be obtained.

Case summary

Abigail is married to Bob, who is one of the directors and shareholders in Better Bricks, a family business, in which the other shares are vested in Bob’s parents and his two siblings. Abigail was distraught to discover that Bob has been having an affair with Carrie, one of Abigail’s former best friends, and also a key Customer of Better Bricks.

Bob and his family have always been highly secretive about the company’s finances, but during the marriage Abigail witnessed them enjoying a lavish lifestyle, including many exotic family holidays, a passion for sports cars, and fine dining. Abigail was astonished when shortly after Separation Bob disclosed that he personally is heavily indebted.

During voluntary disclosure, Bob prepared a Form E indicating that the current value of Better Bricks is nil, and also provided disclosure of his income as being insufficient to pay the mortgage on the family home, a large, detached, mock Tudor home, believed to be worth in the region of £5m.

Read the full article in Family Law Journal here .

Related News

Jan 18, 2021
Family Mediation Week 2021
Nov 19, 2020
Jay Patel and Polly Atkins examine family law in the lead up to Brexit in Family Law Week
Nov 09, 2020
Richard Kershaw discusses trusts on divorce and their role in financial planning strategies
Nov 05, 2020
Hunters recognised in The Times Best Law Firms 2021
Nov 03, 2020
Rebecca Christie discusses economic abuse and its role in divorce in WealthBriefing
Nov 02, 2020
Jay Patel discusses Brexit and family law: do you need to take action before 31 December?
Oct 16, 2020
Rebecca Christie examines economic abuse during divorce proceedings in Family Law Week
Sep 16, 2020
Hetty Gleave examines HNW clients and the impact of the pandemic on their financial settlements in ThoughtLeaders4 Private Client Magazine
Sep 08, 2020
Hunters shortlisted at the Family Law Awards 2020
Sep 02, 2020
Jay Patel examines the Court of Appeal’s ruling regarding Islamic marriage ceremonies under English and Welsh law in STEP Journal

© Hunters Law LLP 2021 | Privacy NoticeLegal & Regulatory | Cookies Policy | Complaints Procedure.

Hunters Law LLP is authorised and regulated by the Solicitors Regulation Authority (number 657218)