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Making a 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:
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.