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Complete the identifying information at the top of the personal financial statement. List each asset in the section provided. List each liability in the section provided. Calculate the net worth by subtracting the total liabilities from the total assets.

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.

List your assets (what you own), estimate the value of each, and add up the total. Include items such as: List your liabilities (what you owe) and add up the outstanding balances. Subtract your liabilities from your assets to determine your personal net worth.

Income statement The financial statement prepared first is your income statement. As you know by now, the income statement breaks down all of your company's revenues and expenses. You need your income statement first because it gives you the necessary information to generate other financial statements.

Write only what you saw someone do or heard someone say. Keep events in chronological order (what happened Monday, then Tuesday, etc.). List witnesses as you write each event. Write out any curse words. Place in quotes any direct quotes that you remember.

5 Tips for an Accurate Financial Statement in a DivorceDo 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.Jul 8, 2019

The financial statement must show the assets, liabilities, and current income and expenses of both parties and children involved in the case. Either the long form or the short form must be filled out, depending on the income of the party. If a party's income is $75,000 or more, the long form must be completed.