Tutorial video in a series of DIY divorce videos that explains how to fill out Preliminary Declaration of Disclosure court forms consisting of FL-140, FL-141, FL-142, and FL-150. A Preliminary Declaration of Disclosure documents consist of a collection of four court forms. The forms are as follows: 1. Declaration of Disclosure, which is FL-140. 2. Schedule of Assets and Debts, which is FL-142. 3. Income and Expense Declaration, which is FL-150. 4. Declaration Regarding Service, which is FL-141. The purpose of these four forms is to make certain everyone lays their cards on the table before entering into any settlement agreement. The forms are designed to force both parties to disclose information about assets, debts, and income. The courts require both parties to fill out these disclosure forms to ensure that nobody is cheated when it comes to reaching a settlement agreement. Schedule of Assets & Debts. On this form, you list all of your assets, indicating the amount each asset is worth and whether the assets are community property or separate property. You also list all of your debts, showing how much is owed. The idea is this: If you are going to ask your spouse to sign a divorce settlement agreement dividing up all the property and debts, they are entitled to know what assets exist, what those assets are worth, as well as what debts exists, and how much is owed in regards to each debt. Income & Expense Declaration. Basically, this form lists all of your income. It lists a lot of other information, but the most important information is the amount of your income. If you are going to ask your spouse to enter into a settlement agreement that contains provisions for child support and/or spousal support, they are entitled to know how much money you earn before they sign any settlement agreement. After you fill out your preliminary declaration of disclosure documents, you are required to give copies to your spouse. Your spouse also has to fill out his or her own disclosure documents and give you copies. The court will generally not approve a divorce judgment until both parties have completed their disclosure documents and provided copies to the other side. You are supposed to fill out the disclosure forms twice, once during the initial stages of the divorce and again at the end of the divorce. When you fill out your disclosure documents at the beginning of the divorce, this is called your “Preliminary Declaration of Disclosure”. The second time you fill out the disclosure documents is at the end of the divorce. This is called your “Final Declaration of Disclosure”. You absolutely must fill out your Preliminary Declaration of Disclosure. Filling it out is mandatory. However, you and your spouse can waive filling out the Final Declaration of Disclosure....(read more)
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