What are financial affidavits?

A financial affidavit, which has different names in each state, is a statement showing your income, expenses, debts and assets. It allows a court to figure out how much spousal support and child support it should award.

How to complete your financial affidavit and statement of?

The first step to completing a financial affidavit is making sure you have the proper form. Consult your attorney, or check the family law section of your county courthouse’s website. Make sure you have the right one! That way, you can avoid having to complete this complicated document multiple times.

What should I include in my financial affidavit for divorce?

One of the first documents you will complete as part of the divorce process is a financial affidavit. It may also be called a statement of net worth or financial disclosure statement, depending upon your state. Some states even have “short form” and “long form” versions of the financial affidavit, depending on the complexity of your situation.

Do you have to swear on your financial affidavit?

Not only do you have to accurately complete this complex form, you must legally swear that the financial affidavit is correct. If your ex-spouse, attorney, or judge questions an item on your financial affidavit, you must provide proof that it is correct.

What happens if I am wrong on my financial affidavit?

If your ex-spouse, attorney, or judge questions an item on your financial affidavit, you must provide proof that it is correct. So if any detail is inaccurate or missing, it can hurt your divorce case. The stakes are high for the financial affidavit.

Do you have to file financial affidavits in Florida?

Rule 12.285 of the Florida Family Law Rules of Procedure requires the filing of a Certificate of Compliance with Mandatory Disclosure, but the rule does not require the actual filing of any documents other than financial affidavits and child support guideline worksheets.

What is a financial affidavit in a divorce?

What is a financial affidavit? Preparing for divorce requires you to gather, organize and prepare a lot of financial information. Your attorney, spouse, spouse’s attorney, and judge are all going to want to know what your lifestyle was like during your marriage.

Do you have to file a financial affidavit in Illinois?

The Financial Affidavit must be completed by any person asking for or being asked to pay child support, children’s expenses, college expenses, spousal maintenance (alimony), or attorney’s fees.