Agreement Receivable Statement For Graduate School In Queens
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New York's equitable distribution law specifies that you are entitled to a division of all “marital property” assets that were acquired during the marriage. With few exceptions, marital property generally includes both spouses' income, purchases made with that income, and retirement benefits.
Who needs the New York Supreme Court Net Worth Statement Form? Individuals going through divorce proceedings need this form to disclose their financial status. Lawyers handling family law cases utilize this form during court proceedings. Tax preparers may require this form for accurate financial reporting.
During divorce proceedings, the Statement of Net Worth outlines each parties' income, assets, expenses and outstanding debts. Failure to disclose assets at this stage can have serious consequences.
A net worth statement is a financial tool that shows your financial position at a given point in time. It is like a “financial snapshot” that shows the dollar value of what you own (assets) and what you owe (liabilities or debts). This formula for calculating net worth is Assets – Liabilities = Net Worth.
You have to provide names, dates of birth and current addresses for you, your spouse and your children. You also need to provide information about your job title and the name of your employer as well as your spouse's job title and employer's name. You MUST provide the MONTHLY amount for the expenses.
This affidavit is known as the Statement of Net Worth and it's the most important document you will complete in your New York divorce. In this document you will disclose your income, assets, expenses, and outstanding debts. This document is a sworn statement, so it is very important that it is complete and accurate.
