What is a Financial Affidavit?

A Financial Affidavit is a legal document that provides a detailed and sworn account of an individual’s financial situation. It typically includes information about their income, expenses, assets, and liabilities. Financial Affidavits are commonly used in legal proceedings, particularly in family law cases such as divorce, child custody, and spousal support disputes.

The purpose of a Financial Affidavit is to provide the court with a clear and accurate picture of a person’s financial circumstances. This information is crucial for making decisions related to child support, alimony, property division, and other financial aspects of a case. Both parties involved in a legal dispute often have to complete their own Financial Affidavits to ensure transparency and fairness in the proceedings.

It’s important to note that providing false information on a Financial Affidavit can have serious legal consequences, as it is considered perjury. Therefore, individuals are required to be truthful and provide supporting documentation when necessary to substantiate the information presented in the affidavit. For all your family law requirements, reach out to Dreyer Law today.

Please remember, this article is merely meant for guidance and information purposes.  It is NOT intended as legal advice nor does it establish attorney/client relationship or privilege.