When parties file for divorce, they are almost always required to complete financial statements.  The requirements can vary by state and locality.   However, they usually entail listing the marital property and debt of the parties along with the alleged separate property.  Parties also usually have to list their income and expenses.  This generally takes place on a monthly basis.  This episode talks about the importance of being thorough. This episode is abused on an article on Family Law Headquarters titled: Fill out your financial statements thoroughly.  You can also find out more on this topic by going to our page on Property and Debt Division in Divorce.  You can also contact us at 1-855-805-0595.