Phase 2: Sharing Financial Information

Sharing financial information with your spouse is a requirement for getting divorced

To divorce, you must share complete and up-to-date information about your finances with your spouse and your spouse must share this with you. This is called disclosure. You can’t get divorced if you don’t share financial information.

Not only is sharing this information required, but being upfront makes it easier to work out an agreement with your spouse. You need this information to divide your property and debts equally and make decisions about child and spousal support.

You must share financial information by a deadline.

The first time you give your spouse this information it’s called preliminary disclosures You must complete preliminary disclosures by a deadline:

• 60-days after filing for divorce, if you’re the petitioner
• 60-days after you’re served with divorce papers, if you’re the responden

Sometimes, you also must make a second disclosure, a final disclosure, at the end of your case. This happens if you end up having a trial. If you don’t have a trial, you can waive this final requirement.