This is an official California Judicial Council family law form, which may be used in domestic litigation in California. Enter the information as indicated on the form and file with the court as appropriate.
Corona California Declaration of Disclosure — Family Law is a crucial legal document that is required to be filed in divorce or legal separation cases within the state of California. This declaration aims to ensure transparency and fairness in the division of assets and debts between the divorcing parties. It is a comprehensive disclosure statement that outlines the financial situation of both spouses, enabling the court to make informed decisions regarding spousal support, child support, and property division. The Corona California Declaration of Disclosure — Family Law consists of two primary components: the Preliminary Declaration of Disclosure (PDD) and the Final Declaration of Disclosure (ADD). 1. Preliminary Declaration of Disclosure (PDD): This initial declaration must be served by both parties to the divorce within 60 days from the filing of the divorce petition. The PDD includes detailed information about each spouse's income, expenses, assets, and debts. This disclosure ensures that both parties have a complete and accurate understanding of their financial situation, facilitating fair negotiations and settlements. The PDD includes the following key elements: — Schedule of Assets and Debts: This form requires listing all assets (e.g., real estate, bank accounts, investments) and debts (e.g., mortgages, loans, credit card debts) owned individually or jointly by each spouse. — Income and Expense Declaration: This document presents detailed income information, including wages, self-employment income, rental income, and other financial resources, along with expenses related to housing, transportation, child care, and more. — Declaration of Disclosure: This document is a signed statement indicating that both parties have exchanged their preliminary financial disclosures accurately and completely. 2. Final Declaration of Disclosure (ADD): The ADD is the second part of the Corona California Declaration of Disclosure — Family Law. It is required to be served by both parties before the divorce is finalized. The ADD verifies that all the financial information provided in the PDD remains accurate, and no significant changes have occurred since the initial disclosure. The key elements of the ADD are: — Updated Income and Expense Declaration: This form reflects any changes in income, expenses, or financial circumstances that have taken place since the PDD. — Updated Schedule of Assets and Debts: This document reflects any changes in assets or debts accumulated after the PDD. Both the PDD and ADD are crucial components in divorce proceedings in Corona, California. Their significance lies in promoting transparency, fairness, and full disclosure of financial information, allowing the court to make informed decisions regarding support, custody, and property division. These documents help prevent hidden assets, ensure an equitable settlement, and protect the interests of both parties involved.Corona California Declaration of Disclosure — Family Law is a crucial legal document that is required to be filed in divorce or legal separation cases within the state of California. This declaration aims to ensure transparency and fairness in the division of assets and debts between the divorcing parties. It is a comprehensive disclosure statement that outlines the financial situation of both spouses, enabling the court to make informed decisions regarding spousal support, child support, and property division. The Corona California Declaration of Disclosure — Family Law consists of two primary components: the Preliminary Declaration of Disclosure (PDD) and the Final Declaration of Disclosure (ADD). 1. Preliminary Declaration of Disclosure (PDD): This initial declaration must be served by both parties to the divorce within 60 days from the filing of the divorce petition. The PDD includes detailed information about each spouse's income, expenses, assets, and debts. This disclosure ensures that both parties have a complete and accurate understanding of their financial situation, facilitating fair negotiations and settlements. The PDD includes the following key elements: — Schedule of Assets and Debts: This form requires listing all assets (e.g., real estate, bank accounts, investments) and debts (e.g., mortgages, loans, credit card debts) owned individually or jointly by each spouse. — Income and Expense Declaration: This document presents detailed income information, including wages, self-employment income, rental income, and other financial resources, along with expenses related to housing, transportation, child care, and more. — Declaration of Disclosure: This document is a signed statement indicating that both parties have exchanged their preliminary financial disclosures accurately and completely. 2. Final Declaration of Disclosure (ADD): The ADD is the second part of the Corona California Declaration of Disclosure — Family Law. It is required to be served by both parties before the divorce is finalized. The ADD verifies that all the financial information provided in the PDD remains accurate, and no significant changes have occurred since the initial disclosure. The key elements of the ADD are: — Updated Income and Expense Declaration: This form reflects any changes in income, expenses, or financial circumstances that have taken place since the PDD. — Updated Schedule of Assets and Debts: This document reflects any changes in assets or debts accumulated after the PDD. Both the PDD and ADD are crucial components in divorce proceedings in Corona, California. Their significance lies in promoting transparency, fairness, and full disclosure of financial information, allowing the court to make informed decisions regarding support, custody, and property division. These documents help prevent hidden assets, ensure an equitable settlement, and protect the interests of both parties involved.