Financial Statement (Long Form): This document is used to identify the income and expenses and the assets and debts of the parties. This form is for use by parties with an annual income equal to or greater than $75,000. Please note that you MUST print this Financial Statement on bonded purple paper and the second page must be printed on the back of the first page. This form is available in PDF format.
Financial Statement Long Form For Divorce
State:
Massachusetts
Control #:
MA-CJ-D-301L
Format:
PDF
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How to fill out Massachusetts Financial Statement - Long Form?
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FAQ
The financial statement is one of the most, if not the most, important document you will file in a divorce action. It is so important because it lays out your entire financial situation in one place. It lists all your income, assets, expenses, and debts.
California requires honest and complete financial disclosures in dissolution and legal separation cases. This includes the disclosure of your income, expenses, assets and debts, as well as your tax returns for the prior two years.
Tips to Help Ensure your Financial Statement is Accurate & Complete Do not estimate your monthly expenses. ... Make sure you account for all income. ... Report assets at their proper fair market value. ... Make sure all the assets and liabilities are accounted for. ... Update your financial statement.
The divorce financial statement is a form that lists all assets and liabilities of each person involved in the divorce. Each person must fill one out their portion and submit it to the court in order to explain their financial situation to the court.
It will help you to get a clear idea of the cost to run your home. Filling in the Financial Statement template. ... Enter your personal details. ... Enter your income. ... Enter your expenditure totals. ... Calculate how much you have left for all debts. ... Enter your debt details. ... Calculate how much you have left for secondary debts.