Your Divorce Balance Sheet: Disclosure of assets and liabilities
In California, parties to a divorce are considered to be in a fiduciary relationship. What this means is that each party has the obligation to disclose to the other all of the assets and liabilities. The initial Court forms which you will complete as a part of your divorce process require disclosure of assets and liabilities. This is where the benefit of the pre-divorce planning and document collection becomes clear.
There is nothing more frustrating than having the value of assets constantly changing because the asset information keeps changing.
Take Away: Make sure your divorce attorney has a pre-divorce planning methodology and knows the correct financial documents to have on hand in financially complex divorces.

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