PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us, via telephone or through video conferencing. Please call our office to discuss your options.
Smith & Gaynor, LLC
For excellent legal representation


Often, one spouse pays the bills and does the bookkeeping for the family. While this can be practical, it can leave the other spouse with little knowledge of the family's financial situation. For this reason, a spouse might fear that the other spouse will conceal money or other financial assets in preparation for a divorce contest or settlement.

In recent news, the former chairman of the Chicago Board of Trade was charged with concealing millions of dollars from his wife during their divorce proceedings by transferring money into offshore bank accounts before and during the divorce. Such actions are illegal.

New Jersey requires that each spouse comply with mandatory financial disclosure rules within 45 days after filing a divorce complaint. This rule is helpful in all divorce situations, but especially in marriages where one spouse handled all the bookkeeping and the other has little idea of the full financial picture of the family assets. The New Jersey financial disclosure rule requires that each spouse submit the following documentation:

  • Federal and state income tax returns for the past three years
  • Bank, retirement and investment account statements for the past three years
  • Copies of loan applications within the past three years
  • Four recent pay stubs
  • Documentation of health insurance
  • Copies of any financial statements prepared in the past three years as well as a current financial statement

Following the mandatory financial disclosures, other evidentiary requests may be made by the parties for clarification or inquiry into the documentation or other related matters. An experienced New Jersey divorce attorney can guide you through the financial disclosure process to ensure you receive an equitable share of the family's assets in your divorce.

No Comments

Leave a comment
Comment Information
Email Us for A Response

Have A Question

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Smith & Gaynor, LLC
60 Washington Street, Suite 302
Morristown, NJ 07960

Phone: 973-532-2661
Fax: 973-292-9168
Morristown Law Office Map