Jan 27, 2014

Sometimes, when a couple decides it's time to divorce, only one of them understands the financial situation of the household. They are usually the one that has been taking care of the bills and, in many cases, the one making the money to support the family.

If you're ready to file for divorce, but you don't understand any of the bills, expenses or debts of your household, you may need to do a little research. This can be scary because you may be worried you will miss out on an asset or end up with a debt you can't handle.

Worry Not, Discovery Will Help

As you start the divorce process, there will be a period allowing each party to conduct discovery. This includes finding and leering all about everything you don't understand. Your attorney will employ a discovery method to make sure all the assets and liabilities of the marriage are addressed. The method they use for discovery may include:

• Depositions
• Interrogatories
• Subpoenas

Each case is a bit different and may require a different level of discovery.

As you go through this process, your attorney should discuss the steps of discover with you and make sure you understand. This process goes both ways, so you can expect to ask your spouse for information and they will also ask you for information.

Discovery can become overwhelming and stressful, especially if you're asked for information you don't have. However, it's a necessary part of the process and it's okay to answer questions with, "I don't know."

You don't need to have all the details about your debts, assets and financial household to start the divorce proceedings. Your attorney will ensure discovery is handled properly and all the necessary information is gathered before the divorce is finalized.