FAQs
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The process of providing financial documents to the other party in a divorce case is very important. If all documents are not provided, it could give the other side a reason to come back to court later and ask to have the division of assets re-addressed. So, it's very important to make sure that all relevant financial documents are disclosed before settling any financial matters. Colorado law says that the following documents must be exchanged by the parties:
Sworn Financial Statement
Income Tax Returns - Personal and business federal income tax returns for the most recent three (3) years
Personal Financial Statements - all personal financial statements and credit/loan applications prepared during the last three (3) years
Business Financial Statements - all business financial statements for the last three (3) fiscal years
Real Estate Documents - title documents and all documents stating the value of any real property owned by either party
Personal Debt - most recent debt statements, showing the outstanding balance and payment terms for all personal debt, including credit cards and other loans
Investments - most recent account statements identifying each investment and showing its current value
Employment Benefits - most recent account statements identifying each employment benefit and stating the current value
Retirement Plans - most recent documents identifying every retirement plan for which the party is a beneficiary, stating the current value and the Summary Plan Descriptions
Bank Accounts - most recent statement for all bank accounts or any other financial institution account and stating the current value
Income Documentation - pay stubs for every source of income during the current and prior calendar year, and for self-employed individuals, a sworn statement of gross income, business expenses necessary to produce income, and net income for for the previous three (3) months
Employment and Education-Related Child Care Documentation - documents showing a party's average cost for employment-related child care expenses
Insurance Documentation - documentation for all life, health, and property insurance policies showing beneficiaries, coverage, cost, and payment schedule
Extraordinary Children's Expense Documentation - documents showing the average monthly expense for all recurring extraordinary children's expenses
If you are struggling to get the necessary financial documentation from the other party or have questions about what needs to be provided, call us to see if we can help.
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