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Add digital sign Divorce Settlement Contract

welcome to free divorce calm this is Christina and this is ed today we're going to talk about the preliminary declaration of disclosure documents at this point we're assuming you've filled out your divorce petition summons and if you have minor children or you see cje a declaration so the next step in the divorce process is to complete your preliminary declaration of disclosure documents completion of these documents is mandatory Christina would you please explain what is a preliminary declaration of disclosure a preliminary declaration of disclosure documents consists of a collection of 4-port forms the forms are FL 140 known as declaration of disclosure FL 141 known as declaration regarding service FL 142 known as schedule of assets and debts and FL 150 known as income and expense declaration and what is the purpose of the preliminary declaration of disclosure documents the purpose of these four forms is to make certain everyone lays their cards on the table before entering into any settlement agreement the forms are designed to force both parties to disclose information about assets debts and income and so the courts require both parties to fill these out in order to ensure that nobody is cheated when it comes to reaching a settlement agreement well how do the forms force parties to disclose information about say assets and debts well one of the key disclosure forms is called a schedule of assets and debts that's FL 142 and on that form you will list all of your assets indicating the amount each asset is worth and whether the assets are community property or separate property you also have to list all of your debts showing how much is owed credit cards student loans etc the idea is this if you're going to ask your spouse to sign a settlement agreement dividing all of that property and all those debts they need to know what exists what assets exist and what those are worth and what debts exist and how much is owed and how do the disclosure forms force parties to disclose information about their income well that's with the income and expense declaration which is fl150 basically this form lists all of your income it lists a lot of other information but the most important information is the amount of your income if you're going to ask your spouse to enter into any agreement that contains provisions for child support or spousal support they're entitled to know how much money you earn before they sign that agreement what do you do with your disclosure forms after you've filled them out okay after you fill out your preliminary declaration of disclosure documents you're required to give copies to your spouse and your spouse also has to fill out the same forms and give them to you give copies to you the court will generally not approve a divorce judgment until both parties have completed their disclosure documents and have exchanged copies and do you fill...