Completing Declaration Of Disclosure | Santa Clarita Divorce
The declaration of disclosure form FL-140 can be considered the cover page or face page to the financial disclosures. You will use it as the to page to the the schedule of assets and debts and income and expense declaration when preparing your divorce paperwork.
When you prepare the declaration of disclosure there are 5 check boxes that you can check to indicate which forms you are completing and serving on the other party.
first thing you want to do is make sure to mark the correct box on the declaration of disclosure in regards to whether you are filing your preliminary or final declaration of disclosure. In most cases you will be filing your preliminary declaration of disclosure. If you are the Petitioner in your divorce, you would mark the “Petitioner” box and the “Preliminary” box to indicate to the court who you are and what you are filing.
Again, this page is used mostly as a cover sheet. You can mark the box that says you are filing one of 5 different forms:
- A completed Schedule of Assets and Debts
- A completed income and expense declaration
- A statement of all material facts and information regarding valuation of all assets that are community property or in which the community has an interest
- A statement of all material facts and information regarding obligations for which the community is liable.
- An accurate and complete written disclosure of any investment opportunity, business opportunity, or other income-producing opportunity presented.
In most cases, as is pertains to your preliminary declaration of disclosure, checking box 1 and 2 is sufficient. If it gets to the point where you need to file the final declaration of disclosure, you may need to check boxes 3,4 and 5 and provide the necessary forms.
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