• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Legal Templates

Legal Templates
  • Business Forms
    Business & Contracts

    All of our legal contracts and documents are drafted and regularly updated by attorneys licensed in their respective jurisdictions, paralegals, or subject matter experts. Save your hard-earned money and time with Legal Templates.

    Top Business Forms
    Business Formation
    • Business Plan
    • LLC Operating Agreement
    • Articles of Incorporation
    • Corporate Bylaws
    • Buy-Sell Agreement
    Business Operations
    • Business Contract
    • Partnership Agreement
    • Non-Disclosure Agreement
    • Release of Liability
    • Letter of Intent
    Service Contracts
    • Purchase Agreement
    • Sales Agreement
    • Invoice
    • Purchase Order
    • Business Purchase
    Employment
    • Employment Contract
    • Employment Offer
    • Employment Verification
    • Freelance Contract
    • Non-Compete Agreement
    View All Business Forms
  • Real Estate Forms
    Real Estate

    All of our legal contracts and documents are drafted and regularly updated by attorneys licensed in their respective jurisdictions, paralegals, or subject matter experts. Save your hard-earned money and time with Legal Templates.

    Top Real Estate Forms
    Landlords
    • Lease Agreement
    • Property Management
    • Eviction Notice
    • Late Rent Notice
    • Lease Termination
    Tenants
    • Room Rental
    • Sublease Agreement
    • Roommate Agreement
    • Notice to Vacate
    • Early Lease Termination
    Home Ownership
    • Real Estate Purchase Agreement
    • Mortgage Deed
    • Quitclaim Deed
    • Deed of Trust
    • Moving Checklist
    View all Real Estate Forms
  • Personal & Family Forms
    Personal and Family

    All of our legal contracts and documents are drafted and regularly updated by attorneys licensed in their respective jurisdictions, paralegals, or subject matter experts. Save your hard-earned money and time with Legal Templates.

    Top Personal and Family Forms
    Estate Planning
    • Power of Attorney
    • Last Will & Testament
    • Living Will
    • Advance Directive
    • DNR Form
    Personal Finance
    • Bill of Sale
    • Loan Agreement
    • Purchase Agreement
    • Promissory Note
    • Sales Agreement
    Family Matters
    • Parenting Plan
    • Child Travel Consent
    • Divorce Agreement
    • Separation Agreement
    • Prenuptial Agreement
    Affidavits
    • General Affidavit
    • Gift Affidavit
    • Affidavit of Identity
    • Affidavit of Residence
    • Affidavit of Death
    View All Personal Forms
  • Support
    Resources
    • Business
    • Real Estate
    • Personal and Family
    • Financial
    • Estate Planning
    Support
    • About Us
    • Careers
    • Contact Us
    • All Legal Documents

    Monday - Friday | 9AM - 7PM EDT

    (855) 335-9779

  • Sign In
  • :email

Home Personal & Family Affidavit Financial

Financial Affidavit Form

Use our financial affidavit to verify your finances for court.

Updated September 26, 2023 | Legally reviewed by Brooke Davis

A financial affidavit is a legal document detailing the signer’s financial circumstances. It is most commonly used during divorce proceedings to help the court calculate spousal or child support.

The sworn statement outlines details about your income, assets, debts, expenses, and other financial obligations and must be signed before a notary public and notarized.

Consequences of Not Having a Financial Affidavit

Whenever a financial affidavit is requested, you should remember that the court needs this information to make a just and equitable decision. Without an affidavit, you risk opening yourself up to several issues:

  • It becomes challenging to accurately assess a person’s income, expenses, assets, and liabilities.
  • It leads to questioning your transparency and willingness to provide accurate financial information.
  • The division of assets becomes unfair.
  • There can be delays or complications in legal proceedings.

Table of Contents
  • What to Include
  • When Is a Financial Affidavit Needed?
  • How to Write
  • Sample

What to Include

As a preliminary matter, a financial affidavit includes personal information like name, address, phone number, social security number, and date of birth. Additionally, because the purpose is to provide the court with a picture of your fiscal situation, you can expect the form to sometimes ask about who else lives in the household and who you are financially responsible for (such as a spouse).

A financial affidavit also incorporates the following elements:

  • Affiant: The person making the affidavit.
  • Employer: The name and address of the person or company employing the affiant.
  • Sources of income: All sources of income of the affiant, including rental, investment, self-employment, unemployment, or disability income.
  • Salary deductions: The monthly deductions from the affiant’s salary, including federal income tax, social security, state income tax, medicare, health insurance, and more.
  • Monthly expenses: The household expenses and liabilities for the affiant, specifically mortgage payments, utilities, gas, automobile insurance, property taxes, rent, and more.

The information required varies slightly based on the reason and the jurisdiction.

When Is a Financial Affidavit Needed?

Divorce and family law matters: It allows you to negotiate with your spouse or give the court a clear picture of your financial circumstances to decide on appropriate property division, alimony, and child support. Even in child support cases where the parents were never married, courts rely on a financial affidavit to allocate each party’s financial responsibility to support a child.

Child support modification: It proves a substantial change in the financial circumstances of one party. So, it influences the decision regarding child support modification.

Legal separation: It provides the court with a snapshot of your current financial situation, which assists in assessing each spouse’s financial standing and obligations.

Pre-nuptial or post-nuptial agreements: It ensures that both parties clearly understand each other’s financial situation before making decisions about the division of assets or spousal support in the event of divorce.

Bankruptcy: Financial affidavits may also be used in bankruptcy court. As with family law matters, courts review your assets and debts, income, and expenses to determine the appropriate way to resolve a bankruptcy matter.

Legal aid: A financial affidavit may be required if you apply for the services of a public defender or legal aid. The United States Constitution guarantees legal representation in criminal cases, even if you can’t afford an attorney. In this situation, you may be asked to provide financial information to determine whether you qualify for an attorney paid for by the state or county where the alleged crime occurred.

How to Write

Follow the steps below to learn how to fill out a financial affidavit.

Step 1 – Fill out Affiant Information

The affiant is the person writing the affidavit. Include your contact information, such as your full name, date of birth, address, and social security number.

Step 2 – Add Income Information

If you are currently employed, provide details of your occupation:

  • Whether it’s full-time or part-time.
  • Title of occupation.
  • Where you are employed.
  • Address of your employer.
  • Your pay rate and frequency.

Then, detail any gross income you receive. This is income from any source before any taxes or deductions are removed. Include any income outside of your current employment. Other sources of income include child support, alimony, social security, unemployment, rental income, etc.

Step 3 – Fill in Your Deductions

Your deductions are what’s taken from your gross income every month. These can include:

  • Federal & state income tax
  • Social security
  • Medicare
  • Health insurance
  • Union dues
  • Mandatory retirement contributions
  • Child support
  • Life insurance premiums (to secure child support)
  • Alimony/spousal support

State the amount in the affidavit if you have any of these as deductions in your monthly income. Once you have done this, note down your net income, which is the total income after all deductions have been taken.

Step 4 – Note Down Your Expenses and Assets

Examples of monthly expenses include:

  • Household expenses: Rent or mortgage, real estate taxes, property or renter’s insurance, homeowner’s or condo dues, utilities, groceries.
  • Transportation expenses: Car payment, gas, car insurance, maintenance and repairs, public transit, parking.
  • Personal expenses: Insurance premiums, uninsured medical expenses, clothing, childcare expenses.
  • Loans and other debts: Student loan, car loan, credit card.

Once you have added all your expenses, note the total in the affidavit. Assets are anything you own with a monetary value that can be converted to cash (real estate, cars, stocks, businesses, bank accounts, etc.). You should list them similarly to your expenses and include their total cash value.

CategoryExamples
IncomeSalary;
Hourly rate of pay;
Commission;
Overtime;
Alimony;
Tips; and
Bonuses.
Other sources of revenueGovernment assistance, such as food stamps;
Rental income;
Dividends;
Pension; and
Retirement income.
AssetsHome;
Real estate;
Family heirlooms;
Electronics;
Computer equipment;
Musical instruments;
Fur coats;
Precious metals;
Collections such as coin collections, stamp collections, or baseball cards;
Jewelry;
Vacation homes;
Boats;
Cars;
Snowmobiles;
Motorcycles;
ATV’s;
Motor home;
Inheritance;
Stocks;
Bonds;
Investment portfolios;
Vacation time shares;
Art;
Antiques; and
Other items of value.
Liabilities or debtsLoans;
Second mortgages;
Lines of credit;
Personal loans owed to family or friends;
Student loans;
Credit card debt;
Tax debts; and
Judgments.
ExpensesCourt ordered child support;
Court ordered alimony;
Bills associated with running a household.

While the table above distinguishes between income and assets, not knowing whether something is an asset or payment is not as important as reporting the income or asset. If you are unsure if something is a debt, expense, or income instead of an asset, list it somewhere. The court can figure it out.

Sample

Download our free financial affidavit form below in PDF or Word format.

financial affidavit form

DOWNLOAD PDF
DOWNLOAD MS WORD

Related Personal Finance Documents

  • Affidavit: A sworn written statement voluntarily made under oath verifying a particular set of facts or statements to be later used in court.
  • Affidavit of Death: An Affidavit of Death is a legal document used to swear that a person is dead.
  • Affidavit of Domicile: Verify the last address of a person who is deceased.

Create Your Financial Affidavit in Minutes!

Legal Documents
  • All Legal Forms
  • Business Forms
  • Real Estate Forms
  • Personal and Family Forms
Popular Forms
  • Lease Agreements
  • Power of Attorney Forms
  • Eviction Notice
  • Living Will
  • Non-Disclosure Agreement
Resources
  • Legal Resources
  • Business
  • Real Estate
  • Personal & Family
  • Estate Planning
  • Financial
Company
  • Pricing
  • About Us
  • Careers
  • Contact Us
  • Partner With Us
Users
  • Account
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • Do Not Sell My Personal Information
McAfee - Together is power.
Trustpilot

(855) 335-9779, Monday-Friday, 9AM - 7PM EDT

Facebook Twitter LinkedIn YouTube

Copyright 2023 Legal Templates LLC. Legal Templates LLC is not a lawyer, or a law firm and does not engage in the practice of law. Legal Templates cannot and does not provide legal advice or legal representation. All information, software and services provided on the site are for informational purposes and self-help only and are not intended to be a substitute for a lawyer or professional legal advice. Use of this site is subject to our Terms of Use. Legaltemplates.net is owned and operated by Resume Technologies Limited, London with offices in London United Kingdom.”

Esc
Financial Affidavit Form

The document above is a sample. Please note that the language you see here may change depending on your answers to the document questionnaire.

Fill in the details

Thank you for downloading one of our free legal templates!

Would you leave us a review?

We hope you've found what you need and can avoid the time, costs, and stress associated with dealing with a lawyer.

A review would mean the world to us (it only takes about 15 seconds).

Please check your download folder for MS Word or open tabs for PDF so you can access your FREE Legal Template Sample

Thanks again, and good luck!

Leave My Review