Posts Tagged ‘financial affidavit’

How Lying About Your Finances in Your Divorce Can Hurt You – And How You Can Avoid Problems

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Finances can be one of the main points of contention in a marriage – and in a divorce. In contested divorces, and even in some uncontested divorces, each party is required to fill out and file a financial affidavit with the court. This is a self-reported document that includes information such as income, assets, average expenditures, and debts. It helps all parties get an idea of where final assets and debts should be distributed upon final separation. Because these documents rely solely on self-reported figures, there can be the temptation to fib a little – or a lot – about…Read More »