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Affidavit Of Means for Pakistan

Affidavit Of Means Template for Pakistan

An Affidavit of Means is a sworn legal document used in Pakistani courts and legal proceedings that provides a comprehensive declaration of an individual's financial position. Under Pakistani law, particularly governed by the Qanun-e-Shahadat Order 1984 and the Oaths Act 1873, this document requires detailed disclosure of assets, liabilities, income, and expenses. The affidavit must be sworn before an authorized official such as an Oath Commissioner or Notary Public and carries serious legal implications for false declarations. It serves as a crucial tool in various legal proceedings including family matters, debt cases, and financial disputes.

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What is a Affidavit Of Means?

The Affidavit of Means is a fundamental document in Pakistan's legal system, particularly utilized in proceedings where financial disclosure is essential. This sworn statement is commonly required in divorce proceedings, maintenance cases, debt settlements, and various civil matters where financial capacity needs to be established. The document, which must comply with Pakistani legal requirements including the Qanun-e-Shahadat Order 1984, provides a comprehensive overview of an individual's financial status, including all assets, liabilities, income sources, and regular expenses. The Affidavit of Means holds significant legal weight as it is sworn under oath, and any deliberate misrepresentation can result in serious legal consequences. Its preparation typically requires careful documentation and often involves consultation with legal and financial professionals to ensure accuracy and completeness.

What sections should be included in a Affidavit Of Means?

1. Title and Heading: Specifies the document type, jurisdiction, and court details if applicable

2. Deponent Information: Full name, CNIC number, occupation, and residential address of the person making the affidavit

3. Solemn Affirmation: Standard declaration that the statements are true and made under oath

4. Employment and Income: Details of current employment, business interests, and all sources of regular income

5. Monthly Expenses: Comprehensive breakdown of regular monthly expenditures including household, medical, and other expenses

6. Assets Declaration: List of all owned assets including property, vehicles, investments, and bank accounts

7. Liabilities Statement: Details of all debts, loans, and financial obligations

8. Bank Account Details: Information about all bank accounts held, including account numbers and current balances

9. Verification Clause: Standard closing declaration confirming the truth of the statements made

10. Attestation: Space for oath commissioner's or notary public's signature and seal

What sections are optional to include in a Affidavit Of Means?

1. Dependents Information: Include when the affidavit is related to family matters or when there are financial dependents

2. Business Interests: Required when the deponent owns or has interests in business enterprises

3. Foreign Assets: Include when the deponent holds assets outside Pakistan

4. Trust Properties: Required when the deponent is a trustee or beneficiary of any trust

5. Recent Transactions: Include when there have been significant financial transactions in the recent past

6. Expected Changes: Include when there are anticipated significant changes to financial circumstances

7. Legal Proceedings: Required when there are ongoing legal proceedings affecting financial status

What schedules should be included in a Affidavit Of Means?

1. Schedule A - Income Details: Detailed breakdown of all income sources with supporting documentation

2. Schedule B - Asset Inventory: Comprehensive list of assets with valuations and supporting documents

3. Schedule C - Bank Statements: Last 6-12 months of bank statements for all accounts

4. Schedule D - Property Documents: Copies of property ownership documents and valuations

5. Schedule E - Investment Portfolio: Details of investments including shares, bonds, and other securities

6. Schedule F - Liability Documentation: Copies of loan agreements, credit card statements, and other debt documentation

7. Appendix 1 - Supporting Documents: Additional documentation such as tax returns, salary slips, and business accounts

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Publisher

Genie AI

Document Type

Affidavit

Cost

Free to use
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