by Robin Roshkind, Esquire, West Palm Beach, Florida
After filing for divorce in Palm Beach County, it is mandatory that the parties exchange financial information by way of proof. This helps to settle divorce issues like alimony and attorneys fees, child support and division of marital assets and debts.
Each party must provide to the other things like tax returns, bank statements, credit card bills, pay check stubs or income statements, mortgages, investment and retirement accounts and the like. Both parties are required to disclose this information under Florida Family Law Rule 12.285, which is commonly referred to as the mandatory disclosure rule. In most cases, the court requires going back one to three years with these statements.
The court views these statements as the back up data to a parties’ sworn financial affidavit, perhaps the most important document in any divorce. A divorce cannot be granted without one. Proof of income is used for child support calculation purposes; to show need or ability to pay alimony and attorneys fees. Credit card and other billing statements show debt. Investment accounts, mortgages, and deeds to real estate show lifestyle of the marriage and determine equitable distribution schemes.
The paper pile tends to grow but merely standing in court and testifying as to your need, or lifestyle or debt is just not enough for the divorce court judge. Your allegations must always be backed up by proof. For more information about this or other divorce topics, call one of the divorce lawyers at ROBIN ROSHKIND, P.A. at 561 835 9091 or click on the Firm’s web site at http://www.familylawwpb.com for more information.