Q: Financial SHORT form-MA-Assets- Is it mandatory to attach most recent bank statements or just filling the amounts is ok
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.
1 user found this answer helpful
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
