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Make sure your disclosures are complete!

by | Jan 23, 2012 | Firm News |

Many people obtaining a Sacramento divorce in the family law courts are not aware of the strict disclosure rules set forth in Family Code Section 2100, et. seq.  Each party needs to accurately and fully disclose all their assets and debts, whether community or separate property.  Although some assets are acquired before marriage or after the date of separation, you must still disclose them in order to protect your final Judgment. Failure to do so may result in your family law judgment being set aside at a later date.  You may also be imposed sanctions for your failure to disclose.  Although some people do not understand the reasoning behind disclosing separate property while in the divorce process, the typical policy is to ensure both parties have full knowledge of income producing assets (for child support and spousal support) and so the parties see what separate property assets exist for the court’s consideration of attorney fees and spousal support.