This is a financial statement that may be needed in a variety of litigation matters. This form may vary based on County. You should consult the clerk about whether this form will be required in your case and obtain the County specific form if required. USLF amends and updates forms as is required by Arkansas statutes and law.
The Affidavit of Financial Means Arkansas withholding is a legal document that helps establish the financial circumstances of an individual or entity regarding their ability to meet certain financial obligations. This affidavit is commonly used in legal proceedings, such as divorce cases, child support hearings, or disputes related to financial matters. In Arkansas, there are different types of Affidavit of Financial Means withholding that may be applicable depending on the specific situation. These include: 1. Divorce proceedings: When going through a divorce, both parties are required to disclose their financial information to determine matters like alimony, spousal support, child support, and property division. The Affidavit of Financial Means withholding assists in providing a comprehensive overview of each party's income, assets, debts, and expenses. 2. Child support hearings: In cases involving child support arrangements, the Affidavit of Financial Means withholding is utilized to ascertain the income and financial resources of both parents. This information helps establish an appropriate amount of financial support that should be provided for the child's well-being. 3. Modification of support orders: When there has been a significant change in circumstances, such as loss of employment or a substantial increase in income, the Affidavit of Financial Means withholding can be used to request a modification of existing support orders. This affidavit helps demonstrate the necessity for reassessing the financial obligations involved. 4. Determining eligibility for government assistance: The Affidavit of Financial Means withholding is often required when seeking government assistance programs, such as Medicaid, Temporary Assistance for Needy Families (TANK), or Supplemental Nutrition Assistance Program (SNAP). With this affidavit, applicants can prove their financial need and qualify for the appropriate assistance. The Affidavit of Financial Means Arkansas withholding typically includes details regarding income sources (such as wages, self-employment earnings, investments), monthly expenses (housing, utilities, education, healthcare, etc.), assets (real estate, vehicles, savings, etc.), and liabilities (debts, loans, child support payments, etc.). This comprehensive overview helps the court or relevant authority to make informed decisions and ensure fair outcomes in legal matters related to financial obligations.
