This form is a generic for filing an affidavit that is to be filed with a court. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Wisconsin Affidavit of Financial Resources and Debt — Assets and Liabilities is a legal document used in the state of Wisconsin to disclose an individual's financial resources and debts. It is typically required in various legal proceedings, such as divorce cases, child support hearings, and probate proceedings. This affidavit provides a comprehensive overview of a person's financial situation, including their assets, liabilities, income, and expenses. The purpose of the Wisconsin Affidavit of Financial Resources and Debt — Assets and Liabilities is to ensure transparency and fairness in legal matters by providing an accurate representation of an individual's financial standing. This information is crucial for making informed decisions regarding matters such as property division, alimony, child support, and the determination of financial responsibility. The affidavit consists of several sections that require detailed information. The first section typically covers the personal details of the individual filling out the form, such as their name, address, contact information, and social security number. This section ensures proper identification and verification. The subsequent sections are dedicated to different aspects of an individual's financial resources and debts. These sections may include: 1. Assets: This section requires the individual to list all their assets, including real estate properties, vehicles, bank accounts, investments, retirement accounts, personal belongings, and any other valuable possessions. Each asset should be described in detail, including its estimated value and any applicable liens or encumbrances. 2. Liabilities: In this section, the individual needs to disclose all their debts and obligations, such as mortgages, loans, credit card debt, unpaid taxes, child support or alimony obligations, and any other outstanding liabilities. Each liability should be clearly stated, including the name of the creditor, total debt owed, and monthly payment amounts. 3. Income: This section requires the individual to provide detailed information about their sources of income, including employment wages, self-employment income, rental income, government assistance, social security benefits, dividends, and any other regular sources of income. It may also request supporting documentation, such as recent pay stubs or tax returns. 4. Expenses: This section seeks information about the individual's monthly expenses, including housing costs (mortgage or rent), utility bills, transportation expenses, childcare costs, healthcare expenses, insurance premiums, education costs, and any other significant recurring expenses. Providing accurate and realistic information is crucial in determining the individual's financial capabilities. 5. Affirmation: The affidavit typically concludes with an affirmation where the individual attests, under penalty of perjury, that the information provided is true and accurate to the best of their knowledge. The Wisconsin Affidavit of Financial Resources and Debt — Assets and Liabilities may have slight variations depending on the specific legal matter or court requirements. For example, there may be specific sections or additional forms required for divorce cases, child support hearings, or probate proceedings. It is essential to review and follow the instructions provided with the affidavit to ensure compliance with the relevant legal procedures and to provide an accurate representation of one's financial situation.
