One of the most important steps in a Wheat Ridge and Jefferson County divorce is the financial disclosures required from both parties. While it may seem tedious to have to disclose every financial aspect of financial your life, the financial disclosures are extremely important. You want to make sure you have an expert Wheat Ridge divorce lawyer to not only walk you through every step of the process, but also to make sure that your ex is providing all the correct information as well. It's a complicated part of the divorce proceedings, so it is best to have someone who knows what they are doing lead you through it.
Jefferson County Financial Disclosures and Divorce: What Must Be Included?
According to the Jefferson County, Colorado Rules of Civil Procedure - Rule 16.2(e)(2) - a person is required to provide the following:
1. A Sworn Financial Statement, usually compiled and drafted by your attorney, which discloses income, debts, monthly expenses and any assets
2. Pay stubs from the last 3 months
3. Tax returns from the last 3 years
4. Financial statements for both your personal accounts and business accounts
5. Bank statements
6. Debt statements (including credit card debt and loans)
7. Statements regarding investments
8. Statements regarding retirement accounts
9. Documents or statements regarding real estate or property holdings
10. Insurance policy statements
11. Documents regarding vehicles
12. Documents regarding child care expenses
13. Employment benefit documentation
Why are Financial Disclosures Important in an Arvada Divorce?
In order to come to a fair settlement in an Arvada or Lakewood divorce, it is important that both parties have a clear picture of each party's financial situation. This way, the two can come to a fair settlement or the Jefferson County Divorce Court will have all the necessary information to address any contested issues. This is especially important when one spouse has been the one primarily dealing with the finances and the other has no idea the financial situation. Sometimes it's the wife who handles all the bills and manages the accounts and other times the husband does all the financial management. Whether you know your marital estate finances front and back or have no idea about the finances, the financial disclosure levels the playing field.
If you are getting a divorce and want to make sure you are protected, especially financially, call the best family law attorneys from the Pearman law firm for a free initial phone consultation at 720-259-9528 or 888-835-6339 today.
Image Source: Pixabay-Stevepb