The legal experts of Twitter and Facebook are discussing Donald Trump Jr.’s* recent request for financial disclosures from his soon to be ex-wife, Vanessa. People are confused and asking many questions, including:
- Don’t they have a Prenuptial Agreement** ? The answer to this is probably yes; and
- Why would he care what his wife has when he’s the one with the deep pockets? Insert boring legal procedure here.
Massachusetts requires that parties make financial disclosures during the divorce process.*** This is true whether the parties have a Prenuptial Agreement** or the divorce is contested. Parties must fill out and exchange Financial Statements, listing all of their income, expenses, assets, and liabilities. Parties must also exchange three (3) years of individual and joint taxes, bank statements, investment statements, and inheritances**** (such as Vanessa Trump’s alleged inheritance from her father, who was an investor in a marinara sauce company).
As always, please let us know if we can provide any additional information for you regarding this or any other legal matter.
John and Faye
* This is not intended to be a commentary on any member of the Trump family or their politics. It is merely intended to provide information about divorce procedure.
** For more information regarding what makes a Prenuptial Agreement valid, please see: https://wjslegal.com/category/divorce/page/2/
*** We can’t confirm that this is true in every state in the country, but New York seems to have similar requirements to Massachusetts.
**** For more information on whether inheritances are considered individual or marital assets, please see: https://wjslegal.com/category/divorce/page/3/