Child Support and Alimony Rely Upon Your Financial Affidavit

A divorce often brings strong emotions about who’s right and who’s wrong. The courts are set up to deal with facts, not emotions.

Financial Affidavit

One of the most important tools for determining facts, especially for child support and alimony, is the Financial Affidavit, which both parties are required to complete and file with the court.

Completing your Financial Affidavit can be an unpleasant task, and it can feel intimidating when so much is riding on getting it right. The final order will factor in your income, expenses, assets and liabilities, which you will provide in your Financial Affidavit, to determine the division of property, and any child support or alimony.

Get help from your attorney or financial planner to get you through this important paperwork. One common mistake that can end up being costly is guessing rather than doing the work of finding the correct numbers. The best-case scenario is to have a good understanding of your financial picture before divorce proceedings are underway, but many times people find themselves unprepared.

Regardless, it’s important to take your time and go through your credit card bills, utility payments, bank statements, hospital bills, mortgage or rental receipts, etc., and get the numbers right. Not only can little errors affect the final order, but intentional omissions or mistakes on this document is considered perjury.

Divorce is tough enough, so make it easier on yourself by asking for help when needed and filling out your Financial Affidavit in a conscientious fashion. And if anything changes in your situation, you should update your Financial Affidavit.

Do you need assistance with completing your Financial Affidavit? Email, or call toll free: 877-687-1392, or locally: 239-210-7516.

If you’re interested in understanding the role emotions play during a divorce, read my free e-book, “Does Every Divorce Need a Shark?”

Does Every Divorce Need a Shark

     Posted on October 23, 2014 at 8:00 am | No comment

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