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Financial Affidavit

As the name implies, a Financial Affidavit is a sworn statement about your finances (for example, your income, expenses, debts, and assets). A Financial Affidavit is often required in divorce cases to determine how much child and spousal support will be granted. When you submit a Financial Affidavit, you are making a sworn statement as to the truthfulness of the financial information that you've provided in the document, so there's little room for exaggeration or modesty.

It's easy to create a Financial Affidavit with Rocket Lawyer. All you need is your financial information, a written statement, and a notary public. Consider these questions before you start:

• What is your gross monthly income from all sources?
• What are your present deductions?
• What are your average monthly expenses?
• Do you have any debts / loans? If yes, who is the lender, how much is presently owed on the loan, and what are your monthly payments?

To the degree that you can, gather all of your financial records so that you can complete the Financial Affidavit accurately. If you come across a question you can't yet answer, you can save your document and come back to finish it later.

You may need to submit a Financial Affidavit if you are going through a contested divorce or child support case. Some uncontested divorce cases may also require a Financial Affidavit. Financial Affidavits are sometimes required for certain business situations as well.

Most divorce cases will require a Financial Affidavit because a significant part of going through a divorce is dividing up the shared property, assets, and money, and determining spousal and child support based on each person's income and financial means. A Financial Affidavit makes it possible to determine each person's financial situation, and because it is a sworn statement, the information that is provided should be truthful and accurate.