If you are going through a divorce, you will need some information about the discovery process. This is usually one of the most important — and most overwhelming — aspects of divorce. Our experienced New Jersey family law attorneys will be there to help you every step of the way and make sure you are able to reach a peaceful negotiation. Contact our office today to schedule a free consultation.
Information About the Discovery Process | What is It?
The discovery process is what is sounds like: spouses “discover” financial information about each other, exchanging tax returns, bank statements, and documentation of assets. Through the discovery phase attorneys on both sides try to get the fullest picture of the finances and assets of your marriage.
There are no limits on what you can “discover.” You can even “discover” things like retirements accounts and request detailed letters from employers on bonus structures. Through a process of “interrogatories” – questions asked and answered under oath – you can ask about spending and assets as well as lifestyle (if alimony is involved), and questions pertaining to custody.
Information About the Discovery Process | Hidden Assets
This situation can lead to very difficult conversations. Remember, though, that if you think your spouse is hiding assets, or misrepresenting his or her investments or compensation structure, you have a legal right to any information you request. In some cases, you may need to issue a subpoena to attain that information.
Spouses can hide or misrepresent assets in several ways. One spouse might have uninvested stock options. One spouse might own a small, closely held business where revenues are unclear. Although it’s important to let your attorney know if you have any suspicions as soon as possible, you may end up needing a CPA or forensic accountant to examine all taxes and bank accounts.
If you have any questions about the divorce discovery process, please call our New Jersey divorce lawyer today to get a free consultation.