Disclosing Assets

For divorcing couples whose relationship has deteriorated or become hostile, the prospect of sharing comprehensive information about their assets and liabilities can seem like an invasion of privacy. Yet before a divorce can be finalized, accurate financial statements disclosing information about all assets and liabilities for each spouse must be filed with the court and exchanged with each other.

Creating a financial landscape

Full disclosure is imperative; attempts to hide assets or failure to disclose them can lead to later discoveries and leave a spouse liable for damages and penalties. We recommend being prepared to provide financial documents such as the following to create a comprehensive financial landscape, identifying both your assets and liabilities.

  • A list of your financial accounts–checking, savings, money market, investment, 401k, credit cards, retirement accounts, etc. Note the account numbers, the name of the financial institution, and the value as of the date of your separation and the current value.
  • Account statements, deeds, copies of insurance policies, and other such supporting documentation.
  • Tax returns for the past 2 years.
  • Paystubs or other proof of income.
  • Information regarding business interests in which you are involved.
  • List of personal property and effects of value and the date of acquisition–jewelry, tools, artwork, antiques, etc.
  • Any other documents that are relevant to your financial situation.

Once you have gathered all the necessary financial information, we prepare the legal documents.

During this extraordinary time of COVID-19 closures, California Document Preparers is still open for business. We are continuing to operate in light of the Shelter-in-Place order, especially over the phone, via video chat, or through the website.

 

You may call our Oakland or Walnut Creek offices at their regular numbers and someone will answer:
Oakland:  (510) 452-2320
Walnut Creek:  (925) 407-1010

You can also call our Dublin office at (925) 479-9600 and you will receive a return call as soon as possible.

 

Our top priority is safety.  We also acknowledge that many of you have expressed an urgent desire to prepare your estate documents in light of the current public health crisis.  We are there for you and ready to assist.

 

The times have changed, but our dedication to service has not.  We appreciate your continued support and wish you and your family stay well under these difficult circumstances.

 

California Document Preparers

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