How do spouses know the other spouses financial situation in dividing matrimonial assets?
In an action for divorce or an action for support, when the action is commenced, the applicant must file a financial statement and a notice to file a financial statement. Those documents are served on the responding party. The responding party must file a financial statement shortly thereafter or they lose their rights to defend the action. The financial statements are sworn documents setting out the financial position of each of the parties.
