Warning: Attempt to read property "ID" on null in /srv/users/serverpilot/apps/richtertriallaw-production/public/wp-content/themes/richter/archive.php on line 16
Blog Posts
This obligation can often be overwhelming and intimidating for many when dealing with a legal case. However, this is a common and essential aspect of serval legal matters, especially family or the process of wills variation.
Financial disclosure for Wills Variation is providing information about the financial assets and liabilities of a deceased person’s estate to the beneficiaries or potential beneficiaries seeking to challenge the terms of the will. This information is necessary to determine the estate’s value and ensure that any claims for variation are based on accurate financial information. Essentially, it’s about being transparent and open about the estate’s financial situation to ensure fairness in the distribution of assets. Financial disclosure is based on the circumstance of each case. Financial disclosure is essential as it promotes transparency and provides fairness and honesty so that the court can make a fair decision on how to distribute assets.
What happens if you do not provide full disclosure or are dishonest?
If you fail to provide full disclosure or decide to be dishonest, there can be severe consequences, which could impact the outcome of your case. Firstly, failing to provide full disclosure can harm your credibility and make it more difficult for the court to trust your evidence. The court relies on full and frank disclosure to make decisions in the best interests of all parties involved. If you are found to be dishonest or misleading, the court may view your evidence with suspicion and may be less likely to accept it. Secondly, if the court discovers you have not disclosed fully, they may impose penalties or other sanctions. For example, the court may order you to pay costs or dismiss your claim entirely. You must weigh the cost and benefits when disclosing finances to the court, as honesty and transparency in any legal matter can benefit you significantly compared to dishonesty, which could cost you your case. By providing complete and frank disclosure, you can demonstrate your credibility and help ensure a fair outcome for all parties involved.
For further questions, or your 1 hour free consultation contact our firm.
This obligation can often be overwhelming and intimidating for many when dealing with a legal case. However, this is a common and essential aspect of serval legal matters, especially family or the process of wills variation. Financial disclosure for Wills Variation is providing information about the financial assets and liabilities of a deceased person’s estate […]
Vancouver Family Lawyers are here to explain how the recent changes to the Divorce Act will impact your ability to relocate with your child. The Canadian Research Institute for Law and the Family surveyed lawyers and judges and over 98% of participants indicated that disputes involving issues regarding relocation are different to resolve. Bill C-78 […]
You Has your ex-spouse passed away after you started a family action? Are you unsure of whether you are entitled to an asset division following your spouse’s passing? Contact experienced Vancouver Family Lawyers to navigate the most unusual and complex set of facts. Facts In a recent decision, Surrett v. Butkiewicz, 2018 BCSC 2194, the […]
Did you obtain a court order for your ex to pay child support in British Columbia? Is your ex still finding ways to avoid child support payments? Does your ex owe you retroactive child support payments? Is your ex intentionally under-employed? Is your ex seeking to vary or terminate a child support order? Facts […]
A recent decision, Venables v. Venables, 2018 BCSC 1736, explains how to divide family assets and debts following the breakdown of a relationship, where one party brought an excluded property into marriage and then shared said property ownership with his spouse. In this case the parties were married on August 1, 2009, and separated in […]
In a recent decision, Kong v. Song, 2018 BCSC 1691, the Supreme Court of British Columbia determined that the habitual residence of a 2.5-year old child was not in Canada, which meant that the father had wrongfully removed the child from China and brought him to Canada. Facts The child, Lucas, was born on […]
Overview Following a relationship breakdown you might be wondering whether you have a claim for an unequal division of family property. An order for an unequal division of family property or debt occurs when a 50/50 split of the family assets and debts would create unfair circumstances for one of the parties. These types of […]