Wife’s share of assets bumped up to 35% in divorce due to husband’s lack of disclosure

Justice Hoo Sheau Peng said: “It is certainly troubling, and it cannot be ignored, that the net value of the matrimonial pool (excluding the wife’s assets) increased by about six times from the husband’s first declaration of his assets.” The judge valued the matrimonial pool at $7.6 million, comprising the man’s assets worth $4.8 million, the wife’s assets worth $1.5 million, and joint assets worth $1.3 million. The husband’s assets include his share of a shophouse, properties in the United Kingdom and Indonesia, the payout from EY, and a trust. The wife’s assets include money in bank accounts and insurance payouts. The judge added the value of the trust assets without unwinding the trust itself.