The process of financial discovery starts after one spouse files for a divorce. Each party’s lawyers may send lengthy questions, called “interrogatories” which must be answered under oath. Questions about finances, assets, and pensions are all part of the interrogatories. The spouses may also be served notices by the divorce lawyers to produce bank statements, credit card bills, receipts, and tax returns.
Divorce litigators can also serve subpoenas for discovery on third parties in New York, unlike mediators or collaborative lawyers. The family lawyer will usually go through all the documents and interrogatory responses, then ask the spouses questions in person at what’s called a “deposition”. A deposition may be used to question third parties with relevant information such as bookkeepers and accountants or witnesses. Depositions are conducted in presence of a court reporter (stenographer), who then transcribes the information into a transcript.
It is also important to seek the help of an experienced New York divorce lawyer as soon as the divorce is brought up. Having a skilled lawyer may be able to help you fight for your rights in the process and help you ensure that your assets as well as your children are protected.
Call the New York Family Law Group today to schedule a consultation.