What do you need to know about the financial disclosures at the outset of a Louisville divorce? Both parties are required to submit Declarations of Disclosure which include a comprehensive, full, accurate reporting of income and expenses, a schedule of assets and debts. These disclosures are required of both parties regardless of who is or...
What Financial Disclosures Must be Made in a Louisville Divorce?
What financial disclosures must be made in a Louisville divorce? Why is a full, transparent and accurate disclosure of all assets and debts by each party so important in a divorce? Generally speaking, the Court must have a thorough understanding of all of each party’s individual and joint assets and debts as well as the...