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Our blog provides illustrated practical guides for those going through the divorce process, plus news on divorce, money and family breakdown.

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26 February 2013

Survey suggests divorcing couples often hide assets

Many people going through divorce could be hiding their wealth from their partners, a survey suggests
Nearly a quarter of divorcees questioned for a survey said they had tried to hide financial assets to "keep them secure", reports BBC News.

In two recent court cases, men have been sentenced to jail for allegedly not disclosing full details of their wealth. One was given a two-year jail term.

Just over 40% of marriages end in divorce in England and Wales, according to statistics.

The survey, carried out for The Co-operative Legal Services by Onepoll, found that just under a quarter of 800 divorced people questioned said they had tried to hide some of their finances or items from their partners.

Women were more likely to admit this, researchers said.

The survey, which was not nationally representative, was carried out online among people in the UK at the end of last month.

Read the full story here.