Divorce cases involve the disclosure of vital information. Shared assets, debts, tax returns, and money in bank accounts are fair game for both parties. Yet, some parties try to hide assets and money from their spouse.
Discovery is an efficient way to find all marital assets. It prevents spouses from hiding assets and shortchanging the other party.
Get All Financial Information
Both parties disclose all financial records during a divorce case. It provides a clear picture of their current financial standing. The court needs their current income and details about other money they have. The total determines how much they may pay in alimony and child support.
Discovery is a way to find out if either party wasn’t honest about their finances. It helps the court find any hidden monetary assets that are marital property. Discovery helps them get their fair share of the marital estate. It is often the only way to get the facts according to realtimecampaign.com
Find Hidden Assets
Some parties lie about their assets and try to hide them. Discovery helps the attorney find records of the assets. If either party perjures themselves, this could count against them. It could also increase the other party’s award during the trial.
The discovery process gets all the facts about assets. The process allows for testimony from others who know about assets. They can testify in the trial. The witnesses provide detailed information about hidden assets and keep the agreement fair. Defendants can read, “Patent Owner Tip #9 for Surviving an Instituted IPR: Issues Warranting Limited Additional Discovery” if they have a business, too.
Evidence of the Divorce Grounds
Discovery gives the defendant access to the evidence supporting the divorce grounds. For example, if the divorce grounds are adultery, discovery requests the evidence. The plaintiff must disclose all evidence of adultery. This includes photographs, videos, communications, and witness testimony.
A failure to provide evidence dismisses the grounds. They cannot claim adultery without proof. If they had a prenuptial agreement, the evidence must prove adultery. Otherwise, the plaintiff doesn’t get the award stipulated in the prenup. Couples learn more about a discovery request is by consulting an attorney.
Formal List of All Household Goods of Value
Both parties disclose a list of all household goods of value. Even if the couple doesn’t live together, they must list the assets they have. All marital properties must appear in the divorce agreement. For information about household goods, couples can contact an attorney such as Sisemore Law.
Admission of Facts
The admission of facts is a deposition where the party must answer questions. The attorney can ask a limited number of questions. Yet, they can answer direct questions about the allegations. The party could confess to the allegations or deny them.
Divorce cases involve evidence and documentation. Each party has a right to their fair share of the estate. All property bought during the marriage is marital property. They divide all marital property according to the current laws. Discovery helps claimants find assets and financial records. It could also help them win a higher award in a trial.