The Statement of Information operates as a condensed form of disclosure, a pragmatic, abbreviated Form E, to assist the court in considering applications for a Consent Order, where parties have been able to reach an agreement on the settlement of the family finances.
The courts utilise the information set out within the Statement of Information, using form D81, to ensure that the terms of the proposed order are fair and reasonable for both parties.
The Statement of Information requires:
- Details about the parties’ marriage.
- Details of the parties’ and children’s dates of birth.
- An explanation of how the agreement was reached.
- A summary of means, including capital and income.
- A summary of where the parties and children will live.
- Details of new relationships.
- Confirmation that notice has been given to a mortgagee where the agreement includes a transfer of property.
- Confirmation that notice has been given to a pension provider where the agreement includes a pension (or PPF compensation) sharing or pension (or PPF compensation) attachment order.
It is essential that the Statement of Information is completed accurately and that it reflects the financial position of the parties at the time the document is sworn with a statement of truth, to enable the court to assess the fairness and reasonableness of the settlement proposed by the separating couple.
If you are separating from your spouse and you wish to resolve the finances of the marriage either in or out of court, obtaining legal advice from experienced, specialist family solicitors can be of great benefit. Contact us on 01234 889777 and discuss your proposed settlement with one of our expert lawyers during a free consultation.