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What is the significance of providing financial information?

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What is the significance of providing financial information?

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The filing of an Affidavit of Means will be a court record of a person’s financial position and can have a bearing on the Courts decision whether to grant a divorce. There must be proper provision made for the spouses and any dependent children. If circumstances were to change with either party i.e. ill health, unemployment, a win on the lottery or evidence of assets not declared etc either party can return to the court even after divorce for relief. Either party can make an application to the court for an Order of Discovery and request the other to vouch any or all items referred to. Before bringing a motion for discovery the information sought shall be requested in writing voluntarily at least 14 days prior to the issuing of the motion for any relief. The disclosure of full financial information can lead the other party to seek relief but in many cases it may be sufficient to satisfy the Respondent spouse or their solicitor that the financial circumstances of the Applicant are such t

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