When dealing with your family law matter, whether it is a divorce, child support, or even a paternity case, there is one constant between them all.

Financials.

Financials are the documents proving your income, your assets, and your debts. These can include but aren’t limited to your paycheck stubs, and tax statements, your utility bills, mortgage or rent statements, and bank accounts. The Court provides a form which outlines the type and amount of documents you are required to provide, but trying to make sure you get all of the documents to the right parties can be time consuming and daunting. Some cases may require appraisals, or a financial consultant to review the party’s finances, or even a business valuator top figure out the marital share value of a business.

Both parties are required to provide their financials by certain deadlines, and both are required to update them as your case continues.

Sometimes people don’t want to provide certain financial documents, or try to hide assets from the other party.  Failure to provide required documents or attempting to hid assets can lead to the Court holding a negative inference against you, or even applying sanctions against you, such as required you to pay the other party’s attorney’s fees.

In Colorado, there are two components to the mandatory financial disclosures:

• The Sworn Financial Statement which provides an itemization of the person’s income, expenses, assets & debts.
• The underlying financial documents to corroborate the financial statement, such as pay stubs, tax returns, bank & credit card statements, etc. For a complete list of required disclosures, see Form 35.1 to the Colorado Rules of Civil Procedure.

An experienced Family Law Attorney can assist you in making sure you provide what you are required to provide, and can help you go through the other party’s financials to ensure that everything is properly disclosed.

Contact our office to set up a consult with one of our experienced Family Law Attorneys and see how they can help you with your case and ensure you are handling your financials correctly and in your best interest.  Give us a call at (719) 687-2328 or email us at info@familylawgroup.us.