What is a Form E?

One of the most important document within financial proceedings is a ‘Form E,’ so what exactly is it?

A Form E is a document which outlines each party’s financial position and is required in most financial cases in England and Wales. It includes each parties’ assets, incomes, and liabilities to help facilitate negations with the end goal of reaching an appropriate settlement.

What is included in a Form E?

The form covers all the bases.

• Personal Details: Who you are, where you live and with whom.
• Income: Money earnt from jobs, pensions, benefits, and any other sources.
• Assets: Homes, savings, investment- anything you own that is worth something.
• Liabilities: Debts, loans, mortgages- what you owe.
• Monthly Budget: What you spent money on each month.
• Financial Contributions: Gifts, inheritance, or financial help from family.
• Pension Plans: What you have saved for retirement.

Why does a Form E matter?

• Transparency is key: Form Es ensure transparency by revealing each party’s financial information. This promotes openness and fairness.
• Foundation for negotiations: Armed with the information in a Form E, parties can negotiate on a level paying field. Whether diving up assets or discuss maintenance payments, having the full financial picture is essential.
• Accountability: Form Es are a key document within court proceedings. Trying to hide assets or distort numbers on a Form E is a very bad idea. There are serious consequences for failing to provide accurate and complete information.

Once Form E’s have been exchanged and any enquires have been dealt with, with the help of a solicitor you can move quickly to agree a fair a reasonable settlement.

If you require any assistance with completing a Form E or discussing an appropriate settlement please contact one of our friendly and highly experienced solicitors on 0161 624 6811 (option 5) or email za@wrigleyclaydon.com