How to Fill Out Your Financial Declaration, Paragraph Two. By Braxton Mounteer, Legal Assistant

Paragraph two of your financial declaration details the documents that you must attach to your financial declaration (unless they don’t exist). It is not optional; they are the documents you are required to provide with your financial declaration.

– tax returns (both state and federal tax returns) for the two years before your petition was filed,

– pay stubs for the 12 months before the petition was filed (so, if your petition was filed in June, your pay stubs should be from May of the year that you filed to the June of last year).

– if you do not receive pay stubs to document your earned income, you must provide other documentary proof of all earned and un-earned income.

– all loan applications (and financial statements used to apply for the loans) you prepared in the 12 months before the petition was filed.

– all real estate documents verifying the value of all real estate in which I have an interest. This includes the most recent appraisal, tax valuation, and refinance documents.

– statements for all financial accounts for the 3 months before the petition was filed (this includes, but is not limited to, checking, savings, credit cards, money transfer apps, money market funds, certificates of deposit, brokerage, investment, and retirement).

You should have most of these documents either in your possession already or easily accessible to you. Even if you have to track down these documents by calling your bank, lender, accountant, etc., it should only take a few days to get these documents from those sources. Those who put gathering this information off, risk failing to complete their financial declaration or failing to prepare a complete and completely accurate financial declaration. That can undermine their credibility in their divorce cases, result in the court imposing sanctions on them, awarding the opposing party attorney’s fees against them, having property or assets that were not adequately disclosed awarded to the opposing party, or other “other sanctions deemed appropriate by the court.”

I’ve stated it before, and I will state it again: make sure your financial declaration is complete and completely accurate.

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