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What needs to be submitted during discovery?

One of the most complicated parts of a divorce is the division of assets; in some cases it is the most complicated part. In order for you or the court to work out the equitable distribution of assets, it will be crucial that any and all documentation relevant to your finances be disclosed.

These documents will be examined during the discovery process where both spouses exchange financial information on their respective financial situation and asset ownership. It is essential during this process to be honest and provide all the necessary information so that a fair settlement can be reached. If you are getting divorced, you should have an understanding of what type of information will generally be required during the exchange of documentation.

The information you will likely need to submit includes:

  • Bank statements
  • Income reports
  • Investment accounts
  • Tax returns
  • Statement of medical expenses
  • Expenses for children
  • Monthly bills
  • Details on separate properties
  • Debt balances
  • Any other information affecting the economics of the divorce

Once all this information has been collected, examined and confirmed, the process of asset distribution will move forward. In Florida, this means you or the courts will figure out a settlement that is deemed equitable. 

There are many areas of discovery that can prove to be challenging or intimidating to someone without legal experience and knowledge. Because of this, it can be crucial to have your attorney help you prepare your documentation, scrutinize the information from your soon-to-be ex and work toward a fair settlement.

Too many people make the mistake of thinking they can hide information or race through the asset distribution process in an effort to just finalize a divorce. However, doing either of these things can jeopardize your financial future. In order to pursue the settlement you deserve, you can work with your attorney and take the time to understand your rights and legal options.

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Tannenbaum Scro, P.L.
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