As you consider divorce, you are going to have to take a more active role in the financial obligations of the community so you know how much debt you have and what assets you own. Further, you will have to provide this information to the court in your Financial Disclosure Form or any other form required in your jurisdiction.
You have to be able to identify all of your assets and liabilities because the court is looking to split your assets and liabilities between you and your spouse. It is always in each party’s best interest to be honest about all of the assets and income sources because it could negatively impact you if you hide assets/income sources.
The following list sets out the financial information you will need to list in your Financial Disclosure Form. This list is not exhaustive.
The need for a forensic expert may be necessary in situations where you own a lot of assets, there have been inheritances or you are unsure as to what exactly you own. In order to get the best settlement or award at trial, it is imperative that you have all possible information regarding your assets and liabilities..
This article is not legal advice and is not intended as legal advice. This article is intended to provide only general, non-specific legal information. This article is not intended to cover all the issues related to the topic discussed. The specific facts that apply to your matter may make the outcome different than would be anticipated by you. You should consult with an attorney familiar with the issues and the laws of your jurisdiction. This article does not create any attorney-client relationship.