This form is a Sworn Statement of Assets and Liabilities. The petitioner or the respondent may use this form to list his/her interest in certain property, detail liabilities, and disclose current income.
Minnesota Sworn Statement of Assets and Liabilities
Category:
State:
Minnesota
Control #:
MN-8320D
Format:
Word;
Rich Text
Instant download
Description
Definition and meaning
The Minnesota Sworn Statement of Assets and Liabilities is a legal document used in family law proceedings, particularly in divorce cases. This form enables individuals to disclose their financial situation under oath, including both assets and liabilities. It creates a comprehensive record of a person's financial standing that is crucial for equitable distribution of assets during divorce or other legal disputes.
How to complete a form
To fill out the Minnesota Sworn Statement of Assets and Liabilities, follow these steps:
- Begin by entering your name and other required personal information at the top of the document.
- List all your assets in the designated section, providing an estimated value for each item and explaining how that value was determined.
- Document any changes to your property interests over the last 18 months, if applicable.
- In the liabilities section, detail outstanding debts, including balances owed and monthly payment amounts.
- Disclose your total gross income from all sources, specifying the period.
- Review the completed form for accuracy and honesty before signing it before a notary public.
Who should use this form
The Minnesota Sworn Statement of Assets and Liabilities should be used by individuals involved in legal proceedings regarding divorce, property settlements, or other family law matters where financial disclosure is required. It is applicable for users who need to provide a transparent account of their financial status to the court.
Key components of the form
The main sections of the Minnesota Sworn Statement of Assets and Liabilities include:
- Assets: A detailed list of personal and real property owned, including estimated values.
- Liabilities: A record of all debts, including the amount owed and payment obligations.
- Income Disclosure: Information on gross income from all sources and any additional cash not classified as income.
- Affirmation of Accuracy: A section where the user affirmatively states that the information provided is truthful and complete.
What documents you may need alongside this one
When completing the Minnesota Sworn Statement of Assets and Liabilities, it may be necessary to gather the following documents:
- Bank statements for all accounts.
- Tax returns from the previous year to substantiate income claims.
- Property deeds or appraisals for assets owned.
- Loan statements for all outstanding debts.
Common mistakes to avoid when using this form
When completing the Minnesota Sworn Statement of Assets and Liabilities, avoid these common pitfalls:
- Omitting any assets or liabilities, as complete disclosure is necessary.
- Providing inaccurate estimated values for assets.
- Failing to update the form if financial circumstances change.
- Not signing the document in front of a notary public, which can render it invalid.
Key takeaways
The Minnesota Sworn Statement of Assets and Liabilities is a vital document for individuals involved in family law cases, offering a clear picture of one’s financial status. Accurate completion and honesty are crucial to ensure fair legal proceedings and avoid potential legal repercussions.
Free preview
How to fill out Minnesota Sworn Statement Of Assets And Liabilities?
Get any template from 85,000 legal documents including Minnesota Sworn Statement of Assets and Liabilities on-line with US Legal Forms. Every template is drafted and updated by state-accredited legal professionals.
If you already have a subscription, log in. Once you’re on the form’s page, click the Download button and go to My Forms to get access to it.
If you haven’t subscribed yet, follow the steps listed below:
- Check the state-specific requirements for the Minnesota Sworn Statement of Assets and Liabilities you would like to use.
- Read through description and preview the template.
- As soon as you are sure the template is what you need, just click Buy Now.
- Select a subscription plan that actually works for your budget.
- Create a personal account.
- Pay out in one of two suitable ways: by bank card or via PayPal.
- Pick a format to download the file in; two options are available (PDF or Word).
- Download the file to the My Forms tab.
- As soon as your reusable template is downloaded, print it out or save it to your device.
With US Legal Forms, you’ll always have instant access to the proper downloadable template. The service provides you with access to documents and divides them into groups to streamline your search. Use US Legal Forms to get your Minnesota Sworn Statement of Assets and Liabilities fast and easy.
Form popularity
FAQ
"Notarized" means that you have sworn under oath that the facts in the affidavit are true, the document has been signed in front of a notary public, and a notary public has signed and put a seal on the affidavit.
A sworn statement is a written statement of fact related to a legal proceeding. It is signed by the declarant to state that all the content is true, and that they acknowledge that the penalty of perjury may follow if they do not tell the truth.
Affidavits can be written in your own handwriting or typed. 2."Notarized" means that you have sworn under oath that the facts in the affidavit are true, the document has been signed in front of a notary public, and a notary public has signed and put a seal on the affidavit.
State and county; address of the project. General contractor name and address. Subcontractor/supplier name and address (if this person is filling out the sworn statement). Brief description of the contract. A table that lists:
To write a sworn statement, prepare a numbered list of each fact to which you want to swear, and then sign the bottom below a sentence that indicates the statement is sworn and made under penalty of perjury.
A sworn statement is a written statement of fact related to a legal proceeding. It is signed by the declarant to state that all the content is true, and that they acknowledge that the penalty of perjury may follow if they do not tell the truth.
Sworn statements are very similar to another class of court documents called affidavits. Affidavits contain similar statements and claims, but have been signed, witnessed, and certified by a public official.However, most courts would prefer to enter in an affidavit rather than a sworn statement.
What is a Sworn Statement? A sworn statement is a written statement of fact related to a legal proceeding. It is signed by the declarant to state that all the content is true, and that they acknowledge that the penalty of perjury may follow if they do not tell the truth.
