Financial disclosure

[Biggles001]

Hi,
I am hoping some of you lovely lot can give your view/advice/experience on the financial disclosure part of a divorce?
Is there even any point going through it if you're only going to come put with a 50/50 equity split? Yes, there are children involved, but he is saying he wants 50/50 custody.
If you're only going to come out with 50/50 split, would going through financial disclosure not just mean more time and money?
Thanks!

If you don't do the disclosure how will you know what is a 50/50 split?

Because we know what the house is worth? Or am I being really thick here?

Is there anything other than than house? Eg pensions?
Are there disparate incomes and earning potentials ?
If so 50:50 might not be fair

I don't want his pension, I'd hope he doesnt want to claim mine and earnings are approx the same (I earn more per year, but he always works overtime, I can't)

No savings, no investments, nothing except a house? Then the financial disclosure would be really simple anyway and not expensive.

But you don't have to do it if you both agree on the outcome.

You might not wa to his pension but if it’s worth consideration more than house equity it needs consideration and solicitors / judge will ask about them
Do you know relative values ?

If it's not formalised are divorce either one of you could go back in years to come and claim.

Sounds like you're still on goodish terms which is great. You do need to get it formalised however. If you have a look at www.gov.uk/money-property-when-relationship-ends it all seems pretty straight forward.

If you don't get one, and one of you comes into money eg inheritance, the other could still make a claim for a share of it

It is really important to get a sealed court order setting out financial split. If you do not ex partner can come back & claim 50% of a future windfall, for example, an inheritance.
If it is in fact simple, then should not be time consuming or costly, and you do not have to use a lawyer. ( I self-represented, & my financial situation was complicated)