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A lot of questions routinely come up about why financial disclosures must be completed during the divorce process. Most questions are on why they have to do it when the spouses already know about all the assets and debts or why they have to do their disclosures when there are no assets and debts to divide.
The financial disclosures that you must complete are called the schedule of assets and debts and income and expense declaration. Collectively, this is referred to as your declaration of disclosure.
