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Financial Disclosures needed in Divorce Process

In the course of a divorce proceeding, almost every state requires the disclosure of financial statements that could help in the settlement process.

A uniform financial disclosure is generally required of both parties, including an income statement, a list of all expenses, and a list of all assets and liabilities.

Supporting documents are also required, including copies of mortgages titles, personal and business tax returns, copies of credit/debit cards, and bank statements.

After the initial financial disclosure, some states require a final divorce hearing before the divorce is granted. Parties may be asked to submit updated statements of assets and liabilities, updated tax returns, and recent income statements.

Filing for divorce can be a complicated process, but the attorneys at Holmes, Diggs & Sadler can assist with the process. Contact us today and set up a consultation at (713) 802-1777.

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