Mandatory Disclosures In A Florida Divorce
NEW TAMPA FAMILY LAW ATTORNEYS
What are mandatory disclosures in a Florida divorce?
In every Florida divorce case, the parties are required to exchange a series of financial documents. This required list of financial documents is referred to as mandatory disclosures.
Each party must provide the other party with a financial affidavit. The financial affidavit is simply a document that lists the party’s income, expenses, assets, and liabilities. Each asset and liability is classified as marital or pre-marital. It is important that each party take their time when filling out the financial affidavit and that each party be as accurate as possible.
There is a list of documents that must be provided in addition to the financial affidavit. Examples of required documents are paystubs, tax returns, bank statements, and retirement account statements.
It is a good idea to start gathering these documents early on as there is a deadline for submitting these financial documents to the other party. It is also important that each party submit the mandatory disclosure documents in a timely manner as these documents will assist in determining major issues such as child support, alimony, and equitable distribution.
It is important that you are able to provide your divorce attorney with complete and accurate information regarding your income, assets, and liabilities. It is also important to inform your attorney which assets are marital and which assets are pre-marital and if you think that the other party is hiding or has dissipated marital assets. This will allow your attorney to properly prepare for mediation, the discovery process and, if necessary, for trial.
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