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Financial Affidavit for Belgium

Financial Affidavit Template for Belgium

A Financial Affidavit under Belgian law is a comprehensive sworn statement that provides a detailed disclosure of an individual's or entity's complete financial situation. This legal document, governed by Belgian civil and financial regulations, includes detailed information about assets, liabilities, income, and expenses. It must comply with specific Belgian legal requirements for sworn declarations and typically requires notarization to be legally valid. The document serves as an official record for various legal, financial, and administrative purposes within the Belgian jurisdiction, subject to both national legislation and relevant EU regulations.

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What is a Financial Affidavit?

A Financial Affidavit is a crucial legal document used in Belgium when a formal, sworn declaration of financial status is required. This document is commonly needed in various situations including divorce proceedings, loan applications, bankruptcy cases, asset disclosure for regulatory compliance, or when dealing with government authorities. The affidavit must be prepared in accordance with Belgian legal requirements and typically includes comprehensive information about the declarant's financial position, including all assets, liabilities, income sources, and regular expenses. It may be required by courts, financial institutions, or regulatory bodies, and must often be notarized to be legally valid. The document falls under the governance of Belgian civil law and financial regulations, with additional consideration for EU directives that might affect its content and use.

What sections should be included in a Financial Affidavit?

1. Personal Information: Declarant's full legal name, address, national number, and other identifying information as required under Belgian law

2. Purpose Declaration: Statement of the purpose for which the affidavit is being prepared and its intended use

3. Employment Information: Current employment status, employer details, position, and length of employment

4. Income Declaration: Detailed breakdown of all sources of income including salary, investments, rental income, and other revenue streams

5. Asset Declaration: Comprehensive list of all assets including real estate, vehicles, bank accounts, investments, and personal property

6. Liability Declaration: List of all debts and financial obligations including mortgages, loans, credit cards, and other liabilities

7. Monthly Expenses: Detailed breakdown of regular monthly expenses including housing, utilities, insurance, and living expenses

8. Verification Statement: Formal declaration of truth and completeness of the information provided

9. Signature Block: Space for signature, date, and notarization according to Belgian legal requirements

What sections are optional to include in a Financial Affidavit?

1. Business Interests: Section for declaring ownership in businesses or professional practices, used when the declarant has business ownership interests

2. Pending Legal Proceedings: Declaration of any ongoing legal proceedings that may affect financial status, included when relevant

3. Future Income Expectations: Statement about anticipated changes in income or financial situation, used when significant changes are expected

4. Foreign Assets Declaration: Detailed listing of assets held outside Belgium, required when the declarant has international holdings

5. Trust Beneficiary Information: Details of any trusts where the declarant is a beneficiary, included when applicable

6. Insurance Policies: List of life, health, or other insurance policies with significant cash value, included when relevant to total asset evaluation

What schedules should be included in a Financial Affidavit?

1. Schedule A - Bank Account Details: Detailed listing of all bank accounts, account numbers, and current balances

2. Schedule B - Investment Portfolio: Detailed breakdown of investment holdings including stocks, bonds, and other securities

3. Schedule C - Real Estate Holdings: Detailed information about owned properties including addresses, market values, and mortgages

4. Schedule D - Vehicle Information: Details of owned vehicles including make, model, year, and estimated value

5. Schedule E - Income Documentation: Supporting documents such as pay stubs, tax returns, and investment income statements

6. Appendix 1 - Supporting Documentation: Copies of relevant financial statements, property deeds, and other supporting documents

7. Appendix 2 - Tax Returns: Copies of recent tax returns as supporting evidence of income declaration

8. Appendix 3 - Asset Valuations: Professional valuations of significant assets where applicable

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

Jurisdiction

Belgium

Publisher

Ƶ

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions








































Clauses






























Relevant Industries

Financial Services

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Relevant Roles

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Financial Advisor

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Tax Consultant

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