Yes, you and your spouse will be required to turn over a statement of net worth and any other relevant financial disclosures during the discovery phase of your divorce.
If additional records are needed, such as if you believe your spouse is hiding cash or assets, the court can compel your spouse to provide additional financial information above and beyond that.
When a spouse seems to be hiding assets that will reduce their on-paper net worth, the goal is almost always to limit their losses, either in the final settlement or in having to liquidate or lose particular property.
It’s important that your Rochester divorce attorney knows how to properly evaluate financial disclosures, and identify the signs of missing information.
The team at Friedman & Ranzenhofer has years of experience tracking down hidden assets and missing cash.
Call us today at 585-484-7432 and talk to an experienced Rochester divorce lawyer today.