Financial statements are part of the mandatory disclosures in divorce cases. Parties earning $75,000 or less annually need to fill out a “short form” of this, which is itself four pages of information on earnings, expenses and assets. Parties earning more than $75,000 annually are required to complete a long-form statement, which is ten pages in length with more detailed inquiries as to assets. The forms are required to be printed on pink colored paper to ease their recovery in the case file. The statements would usually be filed along with initial pleadings and subsequently at any court hearings to account for any changes in financial circumstances since the prior statement. Parties entering into an agreement state to the court that they have been allowed full disclosure of their spouse's financial information before agreeing upon the division of assets in their case.
This is not legal advice. Please seek the expertise of an attorney near you in order to answer questions specific to your legal situation.
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