England’s Highest Court Hands Victory To Ex-Wives Whose Husbands Withheld Assets During Divorce
Ex-wives who feel they were cheated out of proper payouts during their divorce may get another bite at the apple. The United Kingdom’s Supreme Court ruled that when a spouse commits fraud during divorce proceedings, and a property settlement results - the case may be reopened at a later date. Basically, if, after a divorce is closed, it is learned that one spouse lied about his or her assets and their value, the whole case becomes fair game again.
In the United States, a property settlement reached in a divorce proceeding is generally not modifiable. This means that, unlike child support and parenting schedules, the property settlement cannot change over time. If an ex-spouse wins the lottery the day after a divorce becomes finalized, the other ex is simply out of luck.
However, if it i...