Full financial disclosure is essential during a divorce to prevent unfair settlements and guarantee equitable property division. While rules vary by state, the court usually requires couples in a divorce to disclose their assets and debts.
If you fail to disclose your finances, the court can impose severe penalties on you. For instance, if a court discovers you intentionally failed to disclose your financial information, they can award all your assets to your partner.
Granholm & Gynac is a family attorney firm that can guide you through full financial disclosure. Contact us today to get a divorce lawyer to help you gather all the financial information required by the court.