How to have a smooth Divorce – Get past the Financial disclosure

divorce financial disclosure
  • Courts can set aside (in other words not enforce) any separation agreement that does not include full financial disclosure.

  • Document gathering is a time for precision, not estimation.

  • Disclosures are designed to protect spouses during separation negotiations.

  • No settlement negotiations can begin until full financial disclosure is made.

  • Imperative that disclosure is comprehensive and accurate.

What happens after financial disclosure – Complete the Financial Statement

  • Bank balances

  • Account statements

  • Loan/debt/mortgage statements

  • Property values

  • RRSP verifications

  • Values of privately-owned business

  • Copies of all GICs

  • Trust document

What failure to disclose financial information in divorce can do:

There’s a price to pay for failure to disclose financial information in divorce:

Disclosure in Separation and Divorce
divorce financial disclosure

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Inspection of Documents

Inspection of Documents Family Law Terminology

Inspection of Documents:  This is a part of the discovery process in which the other party has a right to observe and create a copy of the documents of the other party that relate to the issues in the legal action.

What is discovery and inspection of documents?

Here is a video you may find helpful

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The resolution value ladder

The resolution value ladder

Learn more about Soft Landing Divorce Settlement Method

About the Author:
Certified Divorce Financial Analyst & Family Mediator at
647.360.3200
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I help smart and successful couples, create separation agreements with clarity and soft landings for secure futures, in 4 meetings or less without all the lawyer created overwhelming conflicts, confusion and costs. You can work with me by video conference or with a DTSW associate at any of our 6 DTSW Greater Toronto mediation centers, including | Aurora | Barrie | North York | Vaughan | Mississauga | Scarborough.

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