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Why Do I Have to Provide My Financials, Like My Net Worth Statement and Discovery Demand Responses?

The Court requires that both parties file their own statement of net worth. Full disclosure of financial information for both parties is necessary in a divorce in order for the parties and the Court to have a full understanding of both parties’ ability to support themselves after the divorce, and will be critical in the negotiations concerning equitable distribution, maintenance and child support.

This can be extremely important when only one party to the marriage handled the finances.

Discovery will also allow you and/or your attorney to learn what arguments your spouse will make at a trial and be able to mount a defense.

It is important to note that discovery will not be necessary if the divorce is uncontested or the parties enter into a settlement.

If you need help with a divorce action in Brooklyn, why not talk with an attorney for free and get some questions answered. Call us at (718) 725-9601

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