How does a Party Complete the Declaration of Disclosure?

Filed under: Divorce — Tags: , — admin @ 5:27 am March 5, 2013

A major part of the Sacramento divorce process is completion of the mandatory declaration of disclosure.  Under California law, both parents must complete a preliminary declaration of disclosure and a final declaration of disclosure.  In a PDD, you are required to list all of your assets and debts you and your spouse acquired during the marriage, regardless of whose name each asset or debt is in.  You will also need to list the values and loan balances of each asset and debt along with a statement of value for each asset/debt.  You are also required to complete a current Income and Expense declaration and include proof of income (paystubs, profit and loss statements, tax returns, etc).  Everything is signed under penalty of perjury and each party is required by law to list everything.  Once this document is complete, and it may be a large document, you are required to serve your spouse with it and file a proof of service with the court. (more…)