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.
Bank statements can show deposits into an account as it relates 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 as it relates to the expenses of parties in a divorce and the expenses can be important when trying to determine spousal support or child support.
Parties may either need to show recent bank statements or they may need to look at bank statements that go back some period of time. Each divorce case is different and each case will have different needs.