Why Full Financial Disclosure Is the First Step in a Fair Divorce
For many women, especially those who haven’t been involved in managing the household finances, the divorce process can feel like stepping into a fog. You’re being asked to make huge decisions about your future — but without knowing what’s really on the table.
That’s where financial disclosure comes in. It’s not just a legal requirement — it’s the foundation of clarity and empowerment.
Before you can negotiate who gets what, you need a full picture of what you have: bank accounts, retirement funds, property, debts, business interests, and more. It’s not enough to go off what your spouse says — you need the documents, the real numbers, and a clear understanding of their value.
This exchange of information is often called “discovery”, and it can be informal or handled through your attorney. When both sides cooperate, it saves time, money, and emotional energy. But if your spouse is evasive or uncooperative, there are legal tools to compel full disclosure — and you should absolutely use them if needed.
Why does this matter so much? Because without accurate information, you can’t make informed decisions. You might walk away from something you’re entitled to — or take on more debt than you realize. As a money coach and tax advisor, I’ve seen firsthand how costly those oversights can be.
If you’re beginning the divorce process and feel uncertain about the financial picture, you're not alone — and you don’t have to figure it out alone either. My role is to walk with you, help you understand what’s yours, and ensure you have the knowledge and confidence to make decisions that protect your future.
Disclaimer:
NOT LEGAL OR TAX ADVICE: This information is for general informational purposes only and does not constitute legal advice or tax advice. It is not intended to be a substitute for professional legal or tax advice. You should seek the advice of a qualified attorney or tax professional for advice, support, and/or services tailored to your specific facts and circumstances. This communication does not create an attorney-client relationship, nor is it a solicitation to offer legal advice. IDFA and its representatives make no warranties about the information contained herein and assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
IRS CIRCULAR 230 NOTICE: To ensure compliance with the requirements of IRS Circular 230, we inform you that any U.S. tax advice contained in this communication or any of our materials is not intended or written to be used and cannot be used for the purpose of avoiding penalties under the Internal Revenue Code or for promoting, marketing or recommending to another party any transaction or matter addressed in this communication or attachment.
