The Affidavit of Financial Information is a crucial legal document in South African law that provides a comprehensive sworn statement of an individual's financial position. It is primarily used in family law matters, divorce proceedings, maintenance cases, debt arrangements, and other legal situations requiring detailed financial disclosure. The document must comply with the Justices of the Peace and Commissioners of Oaths Act and other relevant legislation, requiring certification by a Commissioner of Oaths. The affidavit includes detailed information about income, expenses, assets, liabilities, and other financial obligations, serving as a formal record that can be used as evidence in court proceedings. Its accuracy is critical as false declarations can result in legal consequences including charges of perjury.
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1. Deponent Details: Full legal name, ID number, residential address, and occupation of the person making the affidavit
2. Oath Declaration: Standard declaration confirming the truth of the contents and understanding of the oath
3. Employment Information: Current employment status, employer details, position, length of employment, and employment history if relevant
4. Income Details: Comprehensive breakdown of all sources of income including salary, bonuses, overtime, investments, rental income, etc.
5. Monthly Expenses: Detailed list of all regular monthly expenses including household costs, utilities, insurance, transport, etc.
6. Assets: Complete list of all assets owned including property, vehicles, investments, savings, and personal items of significant value
7. Liabilities: All debts and financial obligations including mortgages, loans, credit cards, and payment arrangements
8. Banking Information: Details of all bank accounts, investment accounts, and credit facilities
9. Declaration of Truth: Final statement confirming all information is true and correct, with signature block and commissioner of oaths section
1. Dependent Information: Details of dependents and associated costs - included when the affidavit relates to maintenance matters or divorce proceedings
2. Business Interests: Information about business ownership, shares, and income - included when the deponent owns or has interests in businesses
3. Previous Financial History: Historical financial information - included when relevant to legal proceedings or when specifically requested by the court
4. Future Financial Commitments: Known future financial obligations or expected changes in financial situation - included when relevant to long-term financial planning or obligations
5. Medical Expenses: Detailed medical costs and healthcare requirements - included when there are significant ongoing medical expenses or healthcare needs
6. Educational Expenses: Education-related costs - included when there are dependents in education or planned educational expenses
1. Schedule A - Proof of Income: Copies of pay slips, tax returns, and other income verification documents for the past 3-12 months
2. Schedule B - Bank Statements: Recent bank statements from all accounts for the past 3-6 months
3. Schedule C - Asset Documentation: Property deeds, vehicle registration, investment certificates, and other asset proof
4. Schedule D - Expense Receipts: Supporting documentation for major expenses claimed in the affidavit
5. Schedule E - Debt Statements: Current statements for all loans, credit cards, and other debts
6. Appendix 1 - Supporting Documents: Any additional relevant financial documents, contracts, or agreements referenced in the affidavit
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