Michigan Divorce Financial Disclosure: What Form CC 320 Actually Requires
Key Takeaways
In a Michigan divorce, each party generally must exchange Form CC 320, the Domestic Relations Verified Financial Information Form, within 28 days after service of the defendant’s initial responsive pleading, unless an exception applies.
The form itself is generally served on the other party rather than filed with the court. A proof of service is filed.
Financial accounts require both a current balance and the balance 90 days earlier. That makes one current statement insufficient for many accounts.
The form requires certain documents to be attached, including recent pay information, the most recent federal and state tax returns, and recent unsecured-debt statements.
Form CC 320 is a starting point, not the entire financial discovery process. More complicated cases may require additional records, valuation work, subpoenas, or other discovery handled through an attorney.
If domestic violence, sexual assault, or stalking is a concern, Michigan’s rules contain protections for information that could reveal where a person lives, works, or where a minor child can be found.
Divorce has a way of turning an old division of labor into a new information problem.
Maybe one spouse handled the mortgage and the other handled the kids’ college accounts. One person knew the insurance. The other knew the household budget. Someone logged into the 401(k) twice a year and the other person never needed the password.
That arrangement may have worked perfectly well for twenty years.
Then divorce begins, and suddenly you need to know what exists, where it is held, what it is worth, whose name is on it, what is owed against it, and sometimes what it was worth several months ago.
Michigan has a formal process for beginning that financial disclosure.
The document at the center of it is Form CC 320, officially called the Domestic Relations Verified Financial Information Form.
It is detailed.
That is useful to know before you are staring at it with a deadline.
Michigan requires a verified financial disclosure.
Michigan Court Rule 3.206 generally requires each party to serve a Verified Financial Information Form in a domestic-relations case unless the requirement is waived in writing or another stated exception applies.
For a Michigan divorce, the form is SCAO Form CC 320.
The current form instructs the parties to exchange it within 28 days after the date the defendant’s initial responsive pleading is served.
That timing matters.
The 28-day period does not simply begin on the day the divorce complaint is filed.
The form also says:
Complete all applicable sections
Serve the completed form on the other party
File a proof of service with the court
Do not file the CC 320 form itself with the court
Sign the disclosure under penalty of perjury
Failure to complete and serve the form may result in sanctions consistent with MCR 2.313.
There is another important piece that is easy to miss: the information contained in the Verified Financial Information Form is confidential under MCR 3.206(C)(3), subject to the rule’s provisions regarding access and court orders.
That matters when a form contains Social Security numbers, account information, employment information, and other sensitive financial data.
Form CC 320 is the baseline, not the entire discovery process.
This distinction is important.
Completing Form CC 320 does not mean every financial question in a divorce has been answered.
Michigan’s court rule specifically says the form does not preclude other discovery.
Think of CC 320 as the baseline financial map.
It identifies the major pieces:
Income
Real estate
Bank and investment accounts
Retirement accounts
Pensions
Life insurance
Vehicles
Personal property
Debts
Business interests
Other financially valuable assets
A more complex divorce may still require account statements, transaction histories, appraisals, business valuations, pension analysis, tracing of separate property, subpoenas, depositions, or other discovery.
The form tells you what needs to be on the map.
It does not necessarily tell you everything that needs to be investigated about each item.
If safety is a concern, deal with that before the paperwork.
For some people, financial-document gathering is tedious.
For others, it can be dangerous.
Michigan’s rule expressly addresses situations involving domestic violence, sexual assault, or stalking.
A person who is a victim of one of those acts by another party to the case may omit information that could lead to the location of where they live or work, or where a minor child may be found.
The rule also provides a different exchange procedure in certain situations when a self-represented party does not disclose an address because of domestic violence. If required information is omitted, the reason for the omission generally must be explained in the form or in a verified statement filed by the disclosure deadline.
If this applies to you, I would not treat document collection as an ordinary organizational project.
Changing passwords, downloading records, opening accounts, moving documents, or changing financial access may be noticeable to another person.
Safety planning comes first.
A domestic violence advocate and family-law attorney can help determine what is appropriate before financial changes are made.
What Form CC 320 actually asks for.
The easiest way to prepare is to understand the form by category rather than trying to remember every asset you have ever owned.
Personal and employment information.
The form asks for identifying information along with detailed employment information.
That includes:
Employer and occupation
Professional license information
Gross income and pay frequency
Hourly rate, where applicable
Regular hours
Average overtime over the prior 12 months
Owner’s draws for a self-employed person
Certain employment benefits
It also asks for information about a person’s prior full-time employment in some circumstances when they are unemployed or working only part-time.
Income beyond a paycheck.
The form separately asks about other sources of monthly income.
The list is broader than salary.
Examples include:
Commissions
Bonuses
Profit sharing
Interest
Dividends
Annuities
Pensions
Deferred compensation
Rental income
Trust income
Social Security
Spousal support
Certain disability or government benefits
It even asks whether someone else is paying living or housing expenses on your behalf.
That last question is a good example of why financial disclosure is more than looking at a W-2.
Cash flow can exist without showing up as wages.
Real estate requires more than an estimated home value.
For each real-estate interest, Form CC 320 asks for information including:
Property address
Purchase date
Estimated value
State equalized value
Mortgage or land-contract balance
Monthly payment
Lender
How title is held
Home-equity loan or line-of-credit balance
That means “the house is worth around $600,000” is not enough.
You also need to understand the debt against it and how ownership is titled.
For planning purposes, I would go one step further and distinguish three different numbers:
Home value.
Mortgage and other debt.
Equity.
Suppose a home is estimated at $700,000 with a $280,000 mortgage and a $40,000 home-equity line.
The rough gross equity is:
$700,000 − $280,000 − $40,000 = $380,000
That does not mean either spouse simply has $380,000 available.
Selling costs, refinancing ability, taxes in some situations, repairs, and the terms of the final settlement can all affect what the home ultimately means financially.
This is why a house should not be treated as merely one line on a property spreadsheet.
Financial accounts have an unusual 90-day requirement.
This is one of the most useful things to know before you start gathering statements.
For financial accounts, Form CC 320 asks for:
Account type
Institution
Account number
Name on the account
Current balance
Balance 90 days before the current balance
The form specifically includes accounts such as bank and credit-union accounts, CDs, stocks, annuities, IRAs, 401(k)s, 403(b)s, trusts, Michigan Education Savings Program accounts, and health savings accounts.
So one current statement may not be enough.
If you are organizing records, pull enough history to establish both values.
There is also an important limitation to understand.
A balance change is not proof that money was hidden, transferred improperly, or spent.
Imagine a 401(k) was worth $620,000 ninety days ago and $655,000 today.
The difference could reflect market performance, employee contributions, employer contributions, or another transaction.
Now imagine it fell from $620,000 to $555,000.
That could reflect a withdrawal.
It could also reflect market losses or a rollover.
The 90-day comparison gives you another data point. It does not tell you the story behind the change.
If a change needs an explanation, the statements and transaction history are what provide it.
Pensions deserve separate attention.
Defined-benefit pensions are reported separately from ordinary retirement accounts.
The form asks for:
Employer or company
Lump-sum value
Estimated monthly benefit
Earliest date the pension benefit can begin
Pensions are one of the areas where a balance-sheet number can be misleading.
A pension promising $3,500 per month for life is not directly comparable to a $300,000 investment account simply because someone assigns both a present value.
The pension may involve:
Survivor benefits
Early-retirement reductions
Cost-of-living provisions
A specific retirement date
Plan-specific division requirements, which may include a Qualified Domestic Relations Order or another type of domestic-relations order
Those details can materially affect settlement decisions.
Life insurance belongs on the balance sheet too.
Form CC 320 asks about life insurance policies in which a party has an interest.
It requests information including:
Insurer
Policy number
Owner
Beneficiary
Death benefit
Premium
Cash surrender value
Whether the policy is employer-provided
Cash value matters because a permanent life-insurance policy can contain an asset in addition to a death benefit.
A $1 million death benefit does not mean the policy is a $1 million marital asset.
A policy with a $75,000 cash surrender value, however, may present a different financial question.
The ownership, beneficiaries, policy type, and source of premiums all matter.
The form goes beyond bank accounts and houses.
CC 320 also asks about motorized vehicles and personal property.
Vehicles include more than cars. The form specifically contemplates boats, snowmobiles, motorcycles, recreational vehicles, and loans co-signed for another person.
Personal property can include:
Furniture
Jewelry
Gold and silver
Collectibles
Artwork
Firearms
Furs
Tools
Items of minimal value, such as ordinary clothing, are excluded from that section.
The point is not to inventory every coffee mug in the kitchen.
It is to identify personal property that has meaningful financial value.
Then there is the miscellaneous section.
This is where the form reaches further than many people expect.
It asks about:
Safe-deposit boxes and their contents
Money or assets being held for your benefit
Money or assets you hold for someone else
Business ownership interests
Debts owed to you
Assets or income you expect to become entitled to
Other court cases that could result in an award or liability
Electronic assets
Season tickets
Electronic currency such as bitcoin
Bankruptcy history
Claims that an asset or debt is separate property
Other financially relevant information not already disclosed
The current form expressly mentions bitcoin.
That is a useful reminder that a modern marital balance sheet may include assets well outside a traditional bank or brokerage account.
Separate-property claims deserve an attorney’s attention.
One of the questions near the end of Form CC 320 asks whether you claim that any listed asset or debt is separate property and, if so, why.
That question can look deceptively simple.
It is not the same as asking, “Was this account originally mine?”
An inheritance, premarital account, business interest, house, or other asset may raise questions about tracing, contributions during the marriage, commingling, appreciation, or other facts that affect legal characterization.
Michigan courts generally aim for an equitable division of marital property, and separate-property claims have their own legal rules.
A financial planner may be able to help organize and analyze financial records, reconstruct account balances from available information, and model the financial consequences of different assumptions.
A family-law attorney should advise on whether property is legally characterized as marital or separate and on any tracing standards that apply under Michigan law.
Checking a box on CC 320 does not decide the issue.
What you are actually required to attach.
There is an important difference between information you need to complete the form and documents the form expressly requires you to attach.
CC 320 requires:
Four most recent paycheck stubs, or an employer statement showing wages, deductions, and year-to-date earnings
The most recent federal and state income tax returns, including all schedules
For a self-employed person, three most recent business and/or corporate tax returns
The last three statements for the credit-card, personal-loan, student-loan, and other unsecured-debt accounts listed on the form
These requirements come directly from the form.
Bank and investment statements are not listed in that attachment instruction in the same way.
You may still need them to determine accurate balances, establish the 90-day comparison, prepare for additional discovery, or evaluate settlement options.
That distinction is worth understanding.
Required attachment does not mean only document worth gathering.
A practical document file will usually be larger than the required attachment package.
If I were helping someone build a working divorce-financial file, I would generally want the information organized by category.
Not because all of it necessarily gets attached to CC 320.
Because you will probably need some of it later.
A useful working file may include:
Recent bank statements
Recent brokerage statements
Retirement statements
Pension benefit estimates
Mortgage and HELOC statements
Deeds or property records
Life-insurance statements
Recent credit-card and loan statements
Tax returns with schedules
Pay stubs
Equity-compensation documents
Business financial information, where applicable
Insurance information
Estate-planning documents
Records supporting a claimed separate asset
What if you cannot find the records?
Start with what is actually accessible to you.
For an account held in your name, contact the institution and ask what records it can provide based on your account-holder status and its record-retention policies.
Do not assume every institution has the same procedure or retains the same number of years of statements.
For real estate, recorded deeds and related documents may be available through the county Register of Deeds.
For jointly filed federal tax returns, the IRS confirms that a spouse listed as the secondary taxpayer can request available transcript types.
A transcript is not necessarily identical to a complete copy of the original tax-return package, so understand what you are requesting.
If an account is solely in your spouse’s name, do not try to access it using credentials that are not yours.
That is where the legal discovery process comes in.
Your attorney can advise on the appropriate way to obtain records from another party or financial institution.
Your job is not to become your own forensic investigator.
Your job is to build the clearest picture you reasonably can and identify what remains unknown.
Keep a missing-information list.
One of the simplest tools in this process is also one of the most useful.
Create a list with four columns:
| Item | What you know | What is missing | Status |
|---|---|---|---|
| Fidelity 401(k) | Account exists | Current statement, 90-day balance | Requested |
| Home | Address, mortgage lender | Current mortgage balance, deed | In progress |
| Pension | Employer and plan name | Benefit estimate | Not requested |
| Life insurance | Carrier known | Owner, beneficiary, cash value | Requested |
This prevents the same missing document from living in your head for three weeks.
It also gives your attorney, financial planner, or other professional a much faster way to understand where the gaps are.
The form may need to be updated later.
CC 320 should not necessarily be thought of as a one-time snapshot that becomes irrelevant the moment it is served.
Current MCR 3.206(C)(5) provides that a party who has served the form must supplement or correct the disclosure in a timely manner if the party later learns that it is materially incomplete or incorrect, unless the additional or corrective information has otherwise been made known during the case or in writing.
That is another reason to keep your working file organized after the first disclosure goes out.
Accounts move.
Bonuses get paid.
Assets are sold.
Information that was unavailable may become available.
The financial picture can change while the divorce is pending.
Good organization can save professional time.
There is no prize for having the prettiest divorce folder.
There can, however, be a real cost to handing an attorney dozens of unnamed PDFs and asking them to figure out what they are.
Professional time is expensive.
Organization makes that time easier to use on legal analysis and negotiation rather than basic document sorting.
I would organize by category, not by the date you happened to download something.
For example:
01 Income
02 Tax returns
03 Bank accounts
04 Investments
05 Retirement
06 Real estate
07 Insurance
08 Debts
09 Business
10 Separate-property records
Then name files so another human can identify them without opening them:
Fidelity_401k_2026-08-31.pdf
Chase_Visa_2026-07.pdf
2025_Federal_Tax_Return.pdf
Mortgage_Statement_2026-08.pdf
Simple is enough.
Keep the documents somewhere appropriate and secure.
If it is safe to do so, keep your working financial file somewhere private and separate from a shared family computer or shared cloud account.
Do not assume a new folder on a shared laptop is private.
At the same time, if you are in a controlling or abusive relationship, creating a new account, changing passwords, moving documents, or changing security settings may itself be noticeable.
That is why safety considerations come before ordinary organizational advice.
Also keep original documents when possible and provide copies rather than giving away your only copy.
Your attorney and financial planner are answering different questions.
A divorce settlement has both legal and financial consequences. Those disciplines overlap, but they are not interchangeable. A family-law attorney advises on legal rights, obligations, discovery, property characterization, settlement terms, and court procedure. Depending on the planner’s qualifications and scope of engagement, a financial planner may help analyze cash flow, taxes, liquidity, retirement assets, and the financial effects of possible settlement scenarios.
Your family-law attorney handles questions such as:
What property is legally marital or separate
What discovery is appropriate
What rights and obligations apply
What terms belong in the settlement
How an agreement should be drafted and enforced
A financial planner can help answer a different set of questions:
What does this proposed division mean after taxes?
Can I afford to keep the house on one income?
What does my cash flow look like after support begins or ends?
How does a pension compare with another asset?
What happens to retirement under different settlement scenarios?
Which assets are liquid and which are not?
What financial information still appears to be missing from the picture?
The difference becomes clearer with an example.
Suppose one spouse receives a traditional 401(k) worth $500,000 and the other receives $500,000 of cash and taxable investments.
Those numbers look equal on a settlement spreadsheet.
They are not necessarily economically identical.
The traditional 401(k) generally carries future income-tax liability when distributed. The cash may not. The taxable investments have their own cost basis and potential capital-gain consequences.
Liquidity is different too.
Suppose one spouse receives a traditional 401(k) valued at $500,000 and the other receives $500,000 of cash or taxable investments. The stated values may be equal, but the assets are not necessarily economically equivalent. Distributions from a traditional 401(k) are generally subject to income tax, subject to the applicable tax rules and the manner in which the account is divided or distributed. Taxable investments may carry embedded capital gains or losses depending on cost basis, while cash generally does not carry the same deferred income-tax liability. Liquidity and access also differ. The actual after-tax result depends on the particular assets, basis, settlement structure, tax law, and the recipient's circumstances.
Keeping the house deserves its own analysis.
The family home often carries more emotional weight than any other asset.
It is also one of the easiest places to confuse equity with affordability.
Suppose the house is worth $700,000 and the mortgage is $300,000.
There is roughly $400,000 of gross equity.
That does not answer whether keeping the house is a good financial decision.
You still need to know:
Whether the existing mortgage can remain in place
Whether refinancing is required
What the new payment would be
Property taxes
Insurance
Maintenance
Major repairs
Utilities
What cash or investments you give up to keep the equity
Whether you still have adequate liquidity afterward
A settlement can award you the house and still leave you unable to comfortably carry it.
That is exactly the kind of question that deserves modeling before the agreement is final.
Know when ordinary document gathering is no longer enough.
Some divorces can be understood from statements and tax returns.
Others cannot.
Professional valuation or forensic work may be appropriate when the financial picture includes:
A closely held business
Complex equity compensation
A pension requiring specialized analysis
Significant real-estate holdings
Substantial separate-property claims
Trusts
Unusual compensation arrangements
Cryptocurrency or other difficult-to-trace assets
Material concern about undisclosed assets
Large unexplained transfers
Incomplete or inconsistent business records
A financial planner is not automatically a forensic accountant.
A forensic accountant is not a family-law attorney.
A valuation professional is not a financial planner.
The best work tends to happen when the right professional is doing the right job and information moves between them.
Before you serve the form, do one final review.
Before signing, I would slow down and ask:
Did I list every employer and meaningful source of income?
Did I include benefits and compensation beyond salary?
Did I include every real-estate interest?
Did I identify all bank, investment, retirement, education, trust, and health-savings accounts in which I have an interest?
Do I have both the current and 90-day-prior balance for each financial account?
Did I include pensions separately?
Did I include life-insurance cash values?
Did I include valuable personal property and vehicles?
Did I list debts, including anything I co-signed?
Did I consider business interests, safe-deposit boxes, money owed to me, and digital assets?
Is there anything I believe is separate property that needs to be identified and discussed with my attorney?
Did I attach the documents the form specifically requires?
Is anything missing or uncertain that needs to be explained rather than guessed?
Do not guess at a number simply because the form has a blank.
If something material is unknown, identify the issue and talk with your attorney about the appropriate way to handle it.
The form is signed under penalty of perjury.
Accuracy matters more than making every line look neat.
The larger point.
Financial disclosure is the first serious attempt to turn a shared financial life into a complete set of facts.
For someone who has not been managing every account, that can feel like an enormous amount to reconstruct.
You do not need to know all of it from memory.
You need a process for identifying what exists, documenting what you know, finding what you can, and clearly marking what is still missing.
Once the facts are organized, the next set of questions becomes much more useful:
What is mine?
What might the settlement look like?
What does each option mean after taxes?
Can I support the life that comes next?
At Innermost Wealth Management, we work with women navigating major financial transitions. Depending on the scope of the engagement, our financial-planning work may include organizing and analyzing financial information, evaluating cash-flow and tax considerations, and modeling the potential financial effects of different settlement scenarios. We can also coordinate with a client’s attorney, tax professional, or other advisers when appropriate and authorized by the client.
We do not provide legal advice or determine how property should be characterized or divided under Michigan law. Those questions should be addressed with a qualified family-law attorney.
If you would like to discuss whether our financial-planning services may be appropriate for your circumstances, you can schedule an introductory conversation with us.
Frequently asked questions about Michigan divorce financial disclosure.
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Michigan Form CC 320 requires detailed information about income, property, financial accounts, pensions, insurance, vehicles, debts, business interests, and other financially valuable property.
The form specifically requires certain supporting documents, including your four most recent pay stubs or qualifying employer wage statement, your most recent federal and state tax returns with schedules, three recent business or corporate returns if self-employed, and the last three statements for listed unsecured-debt accounts.
Additional documents may be needed to accurately complete the form or as part of later discovery.
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The current form and MCR 3.206 generally require service within 28 days after the date the defendant’s initial responsive pleading is served, unless an exception applies.
The deadline is not simply 28 days after the divorce complaint is filed.
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The form instructs parties not to file CC 320 itself with the court.
After serving it on the other party, a proof of service is filed.
The financial information covered by MCR 3.206 is also subject to confidentiality provisions in the rule.
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For financial accounts, Form CC 320 asks for both the current balance and the balance 90 days earlier.
The comparison creates an additional point of reference, but a difference between the two balances does not by itself establish why the account changed. Statements and transaction history may be needed to explain market movement, contributions, withdrawals, transfers, or other activity.
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Start by documenting what you know and what is missing.
For an account solely in your spouse’s name, do not try to access it using credentials that are not yours.
Discuss the missing information with your attorney. Form CC 320 does not replace the broader discovery process, and Michigan’s court rule expressly states that the disclosure form does not preclude other discovery.
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The IRS confirms that a secondary taxpayer on a jointly filed return can request available transcript types.
Different transcript types contain different information, and transcript availability varies by year and method of request.
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Not every divorce requires separate financial-planning support.
It becomes more useful when the decisions involve meaningful assets, retirement accounts, pensions, a business, equity compensation, real estate, tax consequences, or difficult tradeoffs such as whether to keep the family home.
The attorney addresses the legal settlement. A financial planner can model what different settlement choices mean for cash flow, taxes, investments, retirement, and long-term financial security.
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MCR 3.206(C)(5) generally requires a party who has served the form to timely supplement or correct it after learning that the disclosure is materially incomplete or incorrect, unless the additional or corrective information has otherwise been made known during the case or in writing.
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Michigan’s rule provides specific protections for a party who is a victim of domestic violence, sexual assault, or stalking by another party to the case.
Certain information that could reveal where the person lives or works, or where a minor child can be found, may be omitted subject to the procedures in MCR 3.206.
Because safety and filing procedures matter, discuss this with a family-law attorney or domestic violence advocate.
This article is provided for general educational purposes and does not constitute individualized legal, tax, investment, or financial advice. Michigan court rules, forms, and procedures may change, and the appropriate course of action depends on the facts of each case. Consult a qualified Michigan family-law attorney regarding legal rights, disclosure obligations, discovery, and court procedure.
Sources:
State Court Administrative Office, Michigan Supreme Court. Domestic Relations Verified Financial Information Form, Form CC 320, Rev. 9/24. Michigan Form CC 320 — official SCAO PDF
Michigan Supreme Court. Michigan Court Rules, MCR 3.206, current Chapter 3 rules updated May 1, 2026. Michigan Court Rules — Chapter 3 / MCR 3.206
Michigan Judicial Institute. Michigan Family Law Benchbook, property division and separate-property guidance.
Internal Revenue Service. Transcript Services for Individuals FAQs. IRS Transcript Services for Individuals FAQs