Info and Documents You Need for Financial Disclosures in Utah

Most of our clients are surprised to hear that they have to complete financial disclosures. While Hello Divorce may be handling the bulk of your divorce process, the following is a list of the documents that you will still need to have ready so that you can get your financial disclosures completed (Step 2).

Summary of mandatory documents

• Personal income
• Business income
• Monthly expenses
• Any current debts
• Pay stubs and other evidence of all earned and unearned income
• Bank accounts
• Insurance information
• Benefits you receive
• Any current investments
• All loan applications and financial statements
• Real estate you own
• Vehicles you own
• Retirement plans
• Employment and education-related childcare expenses
• Any extraordinary children's expenses

Watch: Guide to Completing Financial Declarations in Utah | Hello Divorce Explains

Additionally, you must attach the following proof of income to your financial disclosures (if it applies):

• Federal and state tax returns for the two (2) years before the petition was filed and all documents used to prepare the tax returns
• Pay stubs or other proof of income twelve (12) months before the petition was filed
• Loan applications and financial statements used to apply for the loans twelve (12) months before the petition was filed
• Real estate documents to verify any property interests. This includes a recent appraisal, tax valuation, and refinance documents
• Financial statements for all financial accounts for the three (3) months before the petition was filed – this includes checking, savings, money market funds, certificates of deposit, brokerage, investment, and retirement

If you don't have all this information as you work through Step 2, don't worry! You can easily edit it later or send it to us to include later.

We know this is a lot, but it's the hardest part of the forms/intake process. So once this is behind you, you'll be that much closer to completing the process. One step at a time.

FAQs

What are financial disclosures in a Utah divorce?
Financial disclosures are the documents and information each spouse must share about income, expenses, assets, and debts so decisions are based on accurate facts.

Which documents are typically included?
Recent tax returns, pay stubs, bank and credit card statements, retirement and investment statements, mortgage and loan statements, insurance proof, and a monthly expense list.

Do both spouses have to exchange disclosures if we agree on everything?
Yes. Even in an uncontested case, both spouses generally exchange core financial information to confirm the agreement is informed and fair.

When are financial disclosures due in Utah?
They are usually exchanged early in the case. Follow your court notices and any scheduling order from the judge.

What happens if someone hides assets or refuses to disclose?
Courts can penalize nondisclosure, shift fees, or adjust property division to correct it. Hiding assets can seriously harm your case.

Can I update my disclosures if something changes?
Yes. Provide updated information and documents whenever income, expenses, or balances change.

Step-by-Step: Preparing Utah Divorce Financial Disclosures

Gather your records
Collect tax returns, recent pay stubs, bank and credit card statements, retirement and loan statements, and insurance proof.

List all income sources
Record wages, bonuses, self-employment, rental income, benefits, and any other cash flow with matching documents.

Outline monthly expenses
Estimate housing, utilities, transportation, healthcare, childcare, groceries, debt payments, and other recurring costs.

Inventory assets
List cash, accounts, vehicles, real estate, retirement, investments, business interests, and valuable personal property.

List debts and obligations
Include mortgages, HELOCs, auto loans, student loans, credit cards, personal loans, and tax debts with current balances.

Complete and review disclosure forms
Enter figures carefully, attach required statements, and verify totals against your records.

Exchange, file if required, and update
Serve disclosures on your spouse, file any required forms, keep proof of service, and update promptly if numbers change.

Have questions? Schedule a free 15-minute phone call with our team members.

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Watch: Everything You Need to Know About Divorce Financial Disclosures