The Basics of Mandatory Financial Disclosures

If you’re going through a Colorado divorce or parental responsibilities case, you and your spouse are both required to exchange sworn financial disclosures within 42 days of being served, covering income, assets, debts, and expenses.

This is not optional paperwork; it is one of the more challenging parts of the process precisely because it requires full transparency about your financial picture before the court can fairly address property division, support, or maintenance. Both of you complete this disclosure automatically, without either of you having to request it, and the information becomes the factual foundation the rest of your case is built on. In simpler cases, such as short marriages with limited assets, you and your spouse may be able to agree to a limited disclosure process, but the sworn financial statement itself is still required either way. Missing or inaccurate disclosures can create real problems later, including a court setting aside your settlement if it turns out something important was left out. If you are not sure what counts as a reportable asset or debt, that is worth clarifying with an attorney before you submit anything to the court.