What are the consequences under SC Family Rules for inadequate financial disclosure?

Under the South Carolina Family Court Rules, inadequate financial disclosure can lead to significant repercussions, including drawing an adverse inference or contempt of court. This is established to ensure transparency and honesty during proceedings related to financial matters such as child support, alimony, and property division.

When a party fails to adequately disclose financial information, the court may infer that the undisclosed assets or income could be unfavorable to the party failing to disclose, which can impact the court's decision. This concept of an adverse inference allows the court to consider the lack of disclosure as evidence against that party's claims or positions in the case.

Additionally, if a party's failure to provide complete and accurate financial information is willful or egregious, the court may hold that party in contempt. This means that the party could face penalties, which might include fines, sanctions, or other judicial orders aimed at ensuring compliance with disclosure requirements. This strong stance reinforces the importance of full financial transparency and serves to protect the integrity of the judicial process.