The Financial Affidavit Family Court document is a crucial legal instrument used across U.S. jurisdictions to ensure transparent financial disclosure in family court proceedings. It is required in various situations including divorce, child support modifications, and alimony determinations. The document must provide a detailed and accurate picture of the affiant's financial situation, including all sources of income, monthly expenses, assets, and debts. Courts rely on this information to make equitable decisions regarding support obligations, asset division, and other financial matters. The affidavit must be sworn under oath and typically requires supporting documentation such as tax returns, pay stubs, and bank statements.
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1. Personal Information: Basic identifying information including name, address, case number, and court jurisdiction
2. Employment Information: Current employer details, occupation, and length of employment
3. Income Information: Detailed breakdown of all sources of income including salary, bonuses, commissions, and other income
4. Monthly Expenses: Itemized list of all regular monthly expenses including housing, utilities, food, transportation
5. Assets: Complete list of all assets including real estate, vehicles, bank accounts, investments
6. Liabilities: All debts and financial obligations including mortgages, loans, credit cards
7. Verification: Sworn statement affirming the truthfulness of the information provided
1. Business Interests: Details of business ownership or interests - use when party owns or has interest in any business
2. Trust Information: Details of any trusts where party is beneficiary or trustee - use when party is involved with any trusts
3. Anticipated Changes: Expected changes in financial situation - use when significant financial changes are expected
1. Schedule A - Income Documentation: Pay stubs, tax returns, W-2s, 1099s
2. Schedule B - Asset Documentation: Property deeds, vehicle titles, account statements
3. Schedule C - Debt Documentation: Mortgage statements, loan documents, credit card statements
4. Schedule D - Insurance Documentation: Life, health, property insurance policies and statements
5. Schedule E - Business Documentation: Business tax returns, financial statements, ownership documents
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