The Illinois Financial affidavit (Family and Divorce Cases) is a document used in Illinois family and divorce cases. This document is used by both parties to provide financial disclosure of their income, assets, and expenses. This document is a sworn statement that each party must sign and provide to the court. It is used to establish financial fairness and support in a divorce case. There are two types of Illinois Financial affidavits: the Income and Expense form, and the Statement of Assets and Liabilities form. The Income and Expense form requires parties to list their monthly income and expenses, such as rent, mortgage, utilities, taxes, and other financial obligations. The Statement of Assets and Liabilities form requires parties to list their assets, such as bank accounts, investments, and real estate, and their liabilities, such as car loans, credit card debt, and student loans. Both parties must complete the forms and submit them to the court. The court will then use the information provided in the affidavits to determine what is financially fair for both parties in the divorce.
Illinois Financial affidavit (Family and Divorce Cases)
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