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