Protecting Assets With a Financial Disclosure

Protecting Assets With a Financial Disclosure

In family law matters regarding children you are likely going to need to file and sign a financial disclosure statement. 빌라담보대출 Very essentially, a financial disclosure statement is an assessment of your current net worth, assets, liabilities and expenses for the year or the past year. A financial disclosure statement can be used as evidence at the divorce proceedings and is also required by law in certain situations.

 

There are a number of different situations that require a financial disclosures statement. The first situation is in a divorce action. In many instances family law judges require one of the spouses to submit this statement so they can properly evaluate each spouse’s ability to care for their children. The other type of situation that requires a financial disclosure statement is an application for employment.

 

There are a number of reasons why you may need to file financial disclosure statements. The responsibility of winning the case lies with the attorney. You will be provided with all of your financial statements so the family law court can review them to see what your net worth is.

 

Some people choose to voluntarily disclose their financial information. If you choose this option then you must ensure you provide the appropriate documentation such as bank statements and income tax returns. If this is the case then you must ensure you sign this agreement before providing the disclosure statement.

 

This is one situation where financial disclosure statements are crucial.

 

In some instances the disclosure of financial statements could lead to charges of obstruction of justice as well. The penalties associated with family law proceedings are severe so it is important that you take care of the matters involving disclosure.

 

Both of these professionals can assist you in developing a financial statement that will help you to understand your financial situation. They can also assist you in preparing an Answer for your financial statement and developing any other documentation that is necessary for your court proceedings.

 

There are two areas that can be addressed in your disclosure statement. These areas of financial responsibility are marital property and supported persons. The financial statements and Answer for the court case will address the marital property issue and how much support you should receive from your spouse for your supporting person(s).