Make a sworn statement about your finances: Financial Affidavit
What is a Financial Affidavit?
As the name implies, a Financial Affidavit is a sworn statement about your finances. 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. A Financial Affidavit contains information about your gross monthly income, present deductions, monthly expenses, debts/loan payments, and any assets that you own, so, to the degree that you can, gather all of your financial records before getting started.
When to use a Financial Affidavit:
- A court or business has request confirmation of your financial situation.
- You are addressing financial issues dealing with a divorce
How do I get my Financial Affidavit reviewed?
If you already have a Financial Affidavit and want to have it reviewed, or if you have questions about creating or using one, there are a few ways to get help.
Use Rocket Copilot to ask questions or review your document; this helps you better understand what it says and identify anything that may need a closer look.
If you are looking for help from a Legal Pro, you can also ask a question and receive a response within one business day, or request a more in-depth document review.
Sample Financial Affidavit
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Financial Affidavit
I, , being sworn, certify that the following information is true:
I am unemployed.
1. Gross Monthly Income from All Sources
| Source | Description | Income |
2. Total Present Monthly Deduction
Federal, State, and Local income tax:
FICA or self-employment taxes:
Medicare payments:
Mandatory union dues:
Mandatory retirement payments:
Health insurance payments:
Child Support:
Alimony:
Present Net Monthly Income:
3. Average Monthly Expenses
Household Expenses
| Expense | Description | Average Cost |
Debts
| Lender | Description | Total Debt | Monthly Payment |
4. Assets Owned by the Parties
| Asset | Description | Value |
5. Summary
Total Present Monthly Net Income:
Total Monthly Expenses:
Total Assets:
Oath or Affirmation:
I certify under penalty of perjury that I know the contents of this Affidavit signed by me and that the statements are true and correct.
| ______________________________ | ______________________________ |
| Date |
Financial Affidavit FAQs
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Where can I get a Financial Affidavit?
It is very simple to get what you need with a free Financial Affidavit template from Rocket Lawyer:
- Make your Affidavit - Answer a few general questions and we will do the rest
- Send or share - Go over the document with an attorney, if needed
- Sign it - Sign your Affidavit and make it legal
Each Financial Affidavit Form from Rocket Lawyer can be customized for your specific scenario. When you're ready to begin, tap or click "Make document" above. Your Affidavit will be constructed step by step as you enter more information throughout the process.
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Do I need an attorney to review my Financial Affidavit?
It’s a good idea to have important documents like your Financial Affidavit reviewed before signing, so you fully understand your choices and help avoid unintended outcomes. The problem is that some attorneys may not review documents they didn’t prepare, while others may require a retainer or high hourly fees. This can make getting a legal review of your Financial Affidavitdifficult and time-consuming.
Rocket Lawyer makes the process easier. With Rocket Lawyer, you can request a review from a Legal Pro or ask questions about your document. You can also use Rocket Copilot to review your document, identify potential issues, and check that everything is complete before signing.
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How much would it normally cost me to make a Financial Affidavit?
Attorney fees for drafting or reviewing a Financial Affidavit can vary widely. Many lawyers charge hourly rates that may range from around $100 for less experienced attorneys to $350 or more per hour for highly experienced attorneys in major metropolitan areas. For more routine documents, some attorneys may offer flat-fee pricing.
The total cost will depend on several factors, including your location, the attorney’s experience, and the complexity of your agreement. More documents or situations involving negotiation will typically require more time and increase the overall cost.
With Rocket Lawyer, you can create a personalized Financial Affidavit tailored to your specific needs—without the high cost typically associated with hiring a lawyer. If you have questions or want additional peace of mind, you can also get your document reviewed or ask a Legal Pro for guidance.
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Will there be any additional actions that I should take after I have drafted a Financial Affidavit?
Once you have made this Affidavit, you will be able to view it on any device, anytime. With a membership, you may make edits, save it as a Word document or PDF file, and/or sign it. Your Financial Affidavit Form also comes with its own set of directions that you'll need to finalize your document.
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Does a Financial Affidavit Form need to be notarized or witnessed?
Yes, a Financial Affidavit Form needs to be notarized. Witnesses are not legally required.
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Do you have to file a Financial Affidavit?
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.
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Is a Financial Affidavit required for a divorce?
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.
