In processes for Divorce or Legal Separation, one of the requirements before getting a final judgment to terminate the relationship is to disclose information. It is mandatory to share details regarding current assets, debts, income and expenses with the other party to avoid risking having a judgment thrown out because information was knowingly withheld.
The forms used to share the information are the FL 160 – the Property Declaration and the FL 150 – the Income and Expense Declaration. This information is sometimes exchanged more than once when the process is lengthy and circumstances change. The information provided should be complete and accurate, to the best of your ability. Carelessly jotting numbers rounded up or down, without any thought is not a good idea. Don’t risk having your honesty questioned with poorly prepared documents. Attention to detail is very important.
When we prepare petitions for our clients, we always include the preparation of the preliminary disclosures as a standard part of our service. If you have already filed a petition, but didn’t prepare your disclosure documents and need help, we can help.
Published by Annette Gomez, LDA #64. The information provided is not intended as legal advice.
