Multi-State Divorce Lawyers Representing Clients in Financial Matters
During a divorce, courts may consider a wide range of information and evidence to ensure that people receive a fair result when the divorce is finalized. Bank statements often become an important source of information. Courts sometimes may order the parties to exchange bank statements voluntarily. In other cases, the parties may agree to exchange them by consent.
Often, the parties may issue requests for production to each other to produce the bank statements. Some parties going through a divorce may have joint bank accounts, while others may have had separate bank accounts during their marriage.
This can lead to varying levels of concern about the bank statements and varying levels of need to exchange the bank statement information. What kind of information can bank statements show? Why are they important in a divorce case? These are some questions that many parties would ask.
Why are Bank Statements Important?
Bank statements can show deposits into an account relating to spousal support and child support. They can be relevant where the parties’ income is disputed. This is especially true where commission, tips, or income from secondary employment is involved.
Spending habits can also show up on bank statements. This can be important in divorce proceedings, as it relates to parties’ expenses, which can affect spousal or child support determinations.
Parties may need to show either recent bank statements or older bank statements. Each divorce case is different, and each case will have different needs.
Multi-State Divorce Lawyers Assisting with Financial Matters
If you are going through a divorce or family law matter where bank statements are important, Stange Law Firm can help. You can reach us online or at 855-805-0595.
