Financial Statements are specific forms required by the Probate and Family
Court each and every time you must appear in court.
Additionally, your attorney will want to prepare a Financial
Statement to help evaluate your case and will also want a Financial Statement from your spouse (usually obtained through your
spouse's attorney) to help in settlement negotiations and in presenting your case.
These forms ask you for
information regarding your WEEKLY INCOME, your WEEKLY EXPENSES, your ASSETS and your LIABILITIES (debts being paid over time).
Please keep in mind that you will be signing the finalized version of the
Financial Statement UNDER OATH and UNDER THE PAINS AND PENALTIES OF PERJURY. Therefore, you and your attorney must do your
best to complete the Financial Statement as completely and as accurately as is reasonably possible. It is especially important
that you disclose all income and assets since your failure to do so can result in severe penalties imposed by the Court, including
but not limited to being charged with perjury (a criminal offense), being fined and having to forfeit assets. Therefore, you
should make sure that you inform your attorney of ALL of your income (from all sources) and all assets, no matter where they
are located.
There are TWO DIFFERENT Financial Statements. The SHORT form is for persons
who earn $75,000.00 per year OR LESS; and a LONG form for persons earning more.
Financial Statement forms are available at my law office. Please contact
us and we will mail you the appropriate form.