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House Co-Sponsorship Memoranda
House of Representatives
Session of 2015 - 2016
Regular Session
MEMORANDUM
| Posted: | May 16, 2016 01:06 PM |
|---|---|
| From: | Representative Tina M. Davis |
| To: | All House members |
| Subject: | Financial Disclosures in Divorce |
| In the near future, I will be introducing legislation to require both parties in a divorce to provide two years of financial records and a detailed list of living expenses to the court within 45 days of filing for divorce. Under current court rules, financial records such as taxes, income and investments are not required to be submitted in divorce proceedings until one of the parties involved makes the request. If an individual does not make the request at the start, it can allow the person’s spouse to hide assets, and not provide a true and fair picture of his or her financial situation. My legislation is directly based on recent New Jersey Supreme Court requirements for divorce proceedings that sought to make divorces in that state more fair and equitable. Similar to my bill, New Jersey courts now require parties in a divorce to provide a list of living expenses and two years of financial records within 45 days of the commencement of the divorce. Divorces are difficult for all those involved, but it is especially hard when one party tries to hide assets from the other. My legislation would help make divorce proceedings in Pennsylvania smoother and more transparent. I ask that you please join me in co-sponsoring this much-needed legislation. |
Introduced as HB2415