Watertown, MA asked in Divorce for Massachusetts

Q: Financial SHORT form-MA-Assets- Is it mandatory to attach most recent bank statements or just filling the amounts is ok

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1 Lawyer Answer
Lillian J. LaRosa
Lillian J. LaRosa
  • Woburn, MA
  • Licensed in Massachusetts

A: There is a separate Rule -Supplemental Rule 410, concerning exchange of financial information going back 3 years referred to as Mandatory Self-Disclosure, so in a way you would be producing bank account statements but on the Financial Statement form itself you are reporting the current balance as of the date of signing. Your W2 from the prior year or if applicable, 1099s are to be attached to the Financial Statement with redaction of the first6 digits of your Social Security number . Sometimes the parties agree to waive the Mandatory Disclosure rule requirements, but I do not recommend doing so as it leaves you in the dark and exposed and with fewer options for redress in the event of concealment or deception.

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