The North Dakota Financial Affidavit, also known as Form 7 is a document required by the North Dakota court system. This form is used to provide a full financial disclosure to the court and other parties involved in the legal proceedings. It is required by the court to ensure a fair and equitable resolution to the matter at hand. There are three types of North Dakota Financial Affidavit: the Simplified Affidavit, the Detailed Affidavit, and the Affidavit of Domestic Support Obligations. The Simplified Affidavit is used when the parties have no significant assets or liabilities. The Detailed Affidavit is used when there are significant assets or liabilities and/or the parties have complex financial arrangements. The Affidavit of Domestic Support Obligations is used when the court is determining the payment of an existing or potential child support or spousal support obligation. The North Dakota Financial Affidavit requires the disclosure of all assets, income, and liabilities at the time the form is completed. This includes real estate, automobiles, investments, bank accounts, income, debts, and other financial matters. The form also requires disclosure of any pending or anticipated changes in the financial situation.
North Dakota Financial Affidavit
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FAQ
You must file your financial affidavit for divorce in Florida with the court and serve it on your spouse within 45 days of being served with the divorce petition.
The court reminded litigants that supporting affidavits must comply with three ?musts? ? they must be based on personal knowledge, they must contain facts as would be admissible in evidence, and they must demonstrate the affiant's competency to testify to the matters stated.
The purpose of the financial affidavit is to determine the income, assets, liabilities, and expenses of each party, including any expenses for minor children the parties have in common or minor children from prior relationships.
Even when both parties remain cordial, courts require the financial affidavit in Florida. Without complete financial disclosure, the divorce agreement will not be recognized by the state of Florida. The Family Law Financial Affidavit is required by Florida statute.
This is mandatory and cannot be waived, even if you have no property, no debts, no income or anything to divide. There are two affidavits: < $50,000 gross income (LESS THAN $50,000) and > $50,000 gross income (MORE THAN $50,000.00).
Be sure that your financial affidavit is notarized before filing it with the Court, as the statute requires the document be sworn.
In a regular dissolution of marriage, uncontested divorces can also include a financial affidavit, which must be filled out within 45 days of the divorce paperwork being served. If a spouse hides any information, then the other spouse may want to consider a deposition.