What is the discovery process?

Flicker, Kerin, Kruger & Bissada LLP

If you are going through a high-asset divorce, there are some things that you can do to make it easier for yourself. The first is to make sure that you exchange information about your assets and debts honestly with your spouse. The second is to make sure they do the same thing for you.

Divorce discovery is a process where you learn about the extent of what you own, your debts, your income and other aspects pertaining to the overall value of your case. It’s important to review the information related to divorce discovery early in the case. That way, you will be able to note if there are any assets or accounts that you believe are missing or that were not disclosed by your spouse.

Discovery doesn’t have to be a formal process, but if you believe that your spouse is hiding something, it’s worth the time to consult with a forensic accountant. This professional can go through accounts and financial information to track down assets and to look for assets that your spouse may be hiding.

What should you do to make sure you disclose all your assets and debts?

To start with, sit down and write down all the major assets and debts you can think of. Then, take that list to your attorney. They will know other common assets that you may have and ask you about them. You and your attorney can work together to make sure your list of assets and debts is as thorough and accurate as possible, so you can begin deciding how to split your marital estate.

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