Preparing a Financial Affidavit

A financial affidavit is a very important document when it comes to divorce proceedings that must be completed correctly. It is a binding legal document that determines alimony, child support and other financial matters after a divorce is finalized. Filing this document can be confusing and a bit nerve wracking if you were not monitoring finances prior to the separation.

The attorneys at Yardley Law are experienced in dealing with complicated family matters and can help you prepare this form and provide you sound counsel throughout the entire divorce process. Here are a few things to think about when filling out your financial affidavit.

  • Financial affidavits are legal documents that must be correct. They are a sworn statement of your income, assents, expenditures, and debts during the marriage. Completing this form honestly is extremely important, as it will determine monetary arrangements after the divorce. These include alimony payments, child support, and the division of property.
  • It’s best to look at everything. Because the information filled out on this form can affect the outcome of a divorce significantly, it’s important to look at everything. If you are too overwhelmed to look back on years of credit card statements, loans, mortgages, monthly expenditures and incomes, we can help.
  • A financial affidavit can be changed. Once you’ve submitted your affidavit and significant changes occur in your life, such as the loss of income or gaining new employment, you should update the affidavit.

Going through a divorce is often a confusing and complicated matter. We are here to help you every step of the way to ensure the needs of you and your family are met. If you have questions about preparing a financial affidavit, give us a call today.

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