Financial transparency is a cornerstone of divorce proceedings. The disclosure of financial documents, including records detailing banking activity, is frequently required to ensure a fair and equitable division of assets and liabilities. These records provide a comprehensive view of income, expenses, and assets accumulated during the marriage.
Providing a clear picture of financial resources helps establish a foundation for accurate valuation of marital property. This transparency is crucial for determining spousal support, child support, and the overall allocation of marital assets. Historically, the lack of such transparency has led to unfair settlements and protracted legal battles. Courts often mandate this disclosure to level the playing field and prevent one party from concealing assets.
