|Posted:||November 22, 2019 11:40 AM|
|From:||Representative Tina M. Davis|
|To:||All House members|
|Subject:||Financial Disclosures in Divorce (Re-Introduction)|
|Divorces are difficult for all those involved, but it is especially hard when one party tries to hide assets from the other. 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. That is why I am 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.
My legislation is directly based on New Jersey’s Family Collaborative Law Act which outlines requirements for divorce proceedings that 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.
Divorce proceedings in Pennsylvania need to be made smoother and more transparent. I ask that you please join me in co-sponsoring this much-needed legislation.