The Family Law Financial Affidavit is a mandatory document in most U.S. jurisdictions for family law proceedings. It must be completed with detailed accuracy as it forms the basis for judicial decisions regarding asset division, alimony, and child support. The document requires comprehensive disclosure of all income sources, monthly expenses, assets, and debts, with supporting documentation typically required. False statements can result in serious legal consequences, including perjury charges. This affidavit is particularly crucial in divorce proceedings, modifications of support obligations, and other family law matters where financial circumstances are relevant to the court's determination.
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1. Personal Information: Basic identifying information including name, address, SSN, employment and related details
2. Income Information: Detailed breakdown of all sources of income including salary, wages, bonuses, dividends, rental income, and other income sources
3. Monthly Expenses: Itemized list of all regular monthly expenses including housing, utilities, food, transportation, insurance, and other living expenses
4. Assets: Complete listing of all assets owned individually or jointly including real estate, vehicles, bank accounts, investments, and personal property
5. Liabilities: All debts and financial obligations including mortgages, loans, credit cards, and other outstanding debts
6. Verification: Sworn statement of accuracy and completeness of the financial information provided
1. Business Interests: Details of business ownership or interests, including company valuations and income from business operations
2. Trust Income: Information about trust accounts and income, including terms of trust and distribution schedules
3. Contingent Assets/Liabilities: Potential future assets or debts, including pending lawsuits, expected inheritances, or potential claims
1. Schedule A - Income Documentation: Supporting documents including pay stubs, tax returns, W-2s, and 1099s
2. Schedule B - Asset Documentation: Supporting documents including bank statements, investment accounts, and property deeds
3. Schedule C - Debt Documentation: Supporting documents including credit card statements, loan documents, and mortgages
4. Schedule D - Expense Documentation: Supporting documents including bills, receipts, and recurring payment records
5. Child Support Worksheet: State-specific child support calculations and related documentation if children are involved
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