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HOW IT WORKS
How it works
In some court cases or business transactions, you'll need to provide information about your financial situation. An Affidavit of Financial Support allows you to detail your income, expenses, assets and liabilities for the record. If there are any questions, you'll be able to refer to your Affidavit so everything's clear.
An Affidavit of Financial Support allows you to make a sworn statement about your financial situation, detailing your income, expenses, assets and debts. While it's typically used in court cases like divorces, it's a handy tool for laying out your legal rights and responsibilities in any number of situations, including business transactions. In your Affidavit of Financial Support, you'll want to cover information like: the name of the affiant (that is, the person making the affidavit); the name of the affiant's employer, if he or she is employed, what efforts the affiant has made to find employment; a list of all sources of income; the monthly deductions from the affiant's salary (for example: MediCare payments, income taxes, child support, health insurance and retirement contributions); the average monthly household expenses; any debts owed by the affiant; and a list of assets that the affiant owns or has some interest in.
Other names for this document: Financial Affidavit of Support
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