Financial Statement Form For Divorce
Description
How to fill out UCC1-AD Financing Statement Addendum?
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FAQ
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.
Under California Law, all spouses have a duty to make a full disclosure of all assets, property, income and debts during a divorce. This is necessary for property division.
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.
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.