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Affidavit Of Financial Information for United Arab Emirates

Affidavit Of Financial Information Template for United Arab Emirates

A comprehensive sworn financial statement document used in the United Arab Emirates legal system, complying with UAE Federal Laws and Sharia principles. This document provides a detailed declaration of an individual's complete financial position, including assets, liabilities, income, and expenses. It serves as a formal legal document that can be used in various proceedings including family court matters, divorce cases, financial disputes, and other situations requiring full financial disclosure. The document must be properly executed and notarized in accordance with UAE legal requirements and is typically submitted to UAE courts or relevant authorities.

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What is a Affidavit Of Financial Information?

The Affidavit of Financial Information is a crucial legal document within the UAE legal framework, designed to provide a complete and accurate picture of an individual's financial situation under oath. This document is commonly required in various legal proceedings, particularly in family court matters, divorce cases, financial disputes, and situations requiring transparent financial disclosure. The affidavit must comply with UAE Federal Laws, including Law No. 10 of 1992 (Law of Evidence) and Law No. 11 of 1992 (Civil Procedure Law), as well as Sharia principles. It includes detailed information about income, expenses, assets, liabilities, and other financial obligations. The document must be properly executed, typically requiring notarization by a UAE-licensed notary public, and serves as a legally binding statement of financial facts that can be relied upon by courts and other relevant authorities.

What sections should be included in a Affidavit Of Financial Information?

1. Declaration and Personal Information: Opening statement confirming this is a sworn statement, including full legal name, address, and identification details of the declarant

2. Employment Information: Current employment status, employer details, position, length of employment, and salary information

3. Regular Income: Detailed breakdown of all sources of regular income including salary, wages, commissions, bonuses, and overtime

4. Additional Income Sources: Other income sources such as rental income, investments, dividends, interest, and business income

5. Monthly Living Expenses: Comprehensive list of regular monthly expenses including housing, utilities, food, transportation, and insurance

6. Assets: Complete list of all assets owned including real estate, vehicles, bank accounts, investments, and personal property of significant value

7. Liabilities and Debts: All outstanding debts including mortgages, loans, credit cards, and other financial obligations

8. Insurance Coverage: Details of all insurance policies including health, life, property, and vehicle insurance

9. Verification Statement: Final statement confirming all information is true and correct, with space for signature and notarization

What sections are optional to include in a Affidavit Of Financial Information?

1. Business Interests: Section detailing ownership in businesses, partnerships, or self-employment income - required if the declarant has any business interests

2. Dependent Information: Details about dependents and associated expenses - required if the declarant has any dependents

3. Court-Ordered Obligations: Information about existing court orders, alimony, or child support - required if any such obligations exist

4. Retirement Accounts: Details of pension plans, retirement accounts, and future benefits - required if applicable

5. Recent Financial Changes: Significant changes in financial situation in the past 12 months - required if there have been major changes

6. Expected Future Changes: Anticipated changes in income or expenses - required if any significant changes are expected

What schedules should be included in a Affidavit Of Financial Information?

1. Schedule A - Income Documentation: Copies of pay stubs, tax returns, and other income verification documents

2. Schedule B - Asset Documentation: Property deeds, vehicle registrations, investment account statements, and other asset proof

3. Schedule C - Expense Documentation: Bills, receipts, and other proof of regular expenses

4. Schedule D - Debt Documentation: Loan statements, credit card statements, and other debt verification

5. Schedule E - Bank Statements: Last 6-12 months of statements from all bank accounts

6. Appendix 1 - Supporting Documents: Additional documentation such as business financial statements, court orders, or other relevant financial records

Authors

Alex Denne

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

Publisher

Ƶ

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions





























Clauses
























Relevant Industries

Legal Services

Financial Services

Banking

Family Law

Corporate Law

Public Administration

Judicial Services

Professional Services

Real Estate

Insurance

Relevant Teams

Legal

Compliance

Finance

Risk Management

Corporate Affairs

Administrative Support

Legal Operations

Document Management

Court Operations

Client Services

Relevant Roles

Legal Counsel

Family Law Attorney

Corporate Lawyer

Paralegal

Legal Administrator

Court Clerk

Notary Public

Financial Advisor

Wealth Manager

Legal Secretary

Compliance Officer

Risk Manager

Financial Controller

Chief Legal Officer

Legal Operations Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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