The divorce financial statement form is of great importance. Once this information has been disclosed, negotiations may take place to ensure each side receives their fair share. If information is not disclosed at the time of the divorce, but is later discovered, the spouse who withheld information will be liable for any resulting damages and penalties. This includes appraisals of real estate, employer information on retirement accounts and other financial assets as well as appraisals of any personal property owned by each side. In addition to this paperwork, certain independent assessments may also be required. List of all vehicles, including recreational vehicles and boatsĮach spouse will need to file the form of financial statement to ensure no area is missed.Documentation of insurance costs, including medical, eye and dental.Two years of business federal and state income tax returns.Two years of individual federal and state income tax returns.The current value of any life insurance policies as well as the loan balance.Statements for military benefits and retirement accounts.Medical bills should be included here along with gas, utilities and groceries.ĭocuments which may be requested for a financial affidavit to get a divorce include: Expenses range from credit cards and student loans to rent and mortgage. For this reason, each party should list all sources of income as well as all expenses. Spouses who do attempt to withhold information of this type often find that it backfires when the time comes to appear before the judge. If one or both spouses refuse to provide the necessary information, the court makes use of legal mechanisms to obtain any missing information. The information disclosed on the financial statement for divorce must be accurate in order to ensure a fair division of assets and liabilities. He or she looks at the ability of the supporting spouse to pay along with the dependent spouse's need for this support. Spousal support though is, in most cases, determined by the judge. In most cases, child support guidelines have been established which determine the amount of child support which must be paid. This personal financial statement is used to handle all issues concerning debt and property division, child and spousal support and family support. The divorce financial statement form lists all assets and liabilities of each party and each must fill one out to share with the other person and the court. In any divorce, a financial disclosure statement must be filled out, unless a waiver of financial statements was signed. How to File a Divorce Financial Statement Divorce Financial Statement
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