Get the free net worth statement form

Who needs a Statement of net worth?

In matrimonial proceedings concerning alimony, support, and maintenance, both parties must disclose their financial state. The Statement of divorce is used for this purpose. It should be completed by the Plaintiff and the Defendant and filed with the Family Court.

What is the Statement of net worth for?

The Statement of net worth provides information about the individual’s financial state, specifically, the total amount of assets and liabilities. This information is used during the court hearing to determine the individual’s needs and liabilities for the support.

What documents must accompany the Statement of net worth?

The person who fills the form must attach a W-2 form for the previous tax year or income tax return.

When is the Statement of net worth due?

The individual has to complete and file the statement with the court within 20 days after receiving the corresponding notice. The form asks for a lot of information and may take several hours to complete.

What information should be provided in the Statement of net worth form?

The filler must fill out the following sections:

• Family data
• Expenses (housing, utilities, food, clothing, laundry, insurance, reimbursed medical, household maintenance, household help, automotive, education, recreation, income taxes, miscellaneous)
• Gross income (source of the income and annual amount)
• Assets (cash, checking accounts, savings accounts, security deposits, securities, stocks, options, margin accounts, loans, etc.)
• Liabilities (payable accounts, notes, installment accounts, broker’s margin accounts, mortgages on real estate, interest, taxes, loans on life insurance)
• Transferred assets
• Support requirements
• Counsel free requirements
• Accountant and appraisal fees requirements

Other financial information that should be considered by the Court

The form must be signed by the petitioner and the respondent and certified by the notary public.

What do I do with the form after its completion?

The completed form is filed with the Family Court. One copy is sent to the other part of the case and one copy is kept by the filler.

Laws calm legal forms guide New York statement of net worth in Family Court disputes related to child support alimony and other aspects of divorce both spouses may be required to file a New York statement of net worth this document asks you to detail all aspects of your fiscal circumstances the form can be obtained from the website of the New York unified court system step one at the top of the page under the name and number of the court hearing your case and the county name and to both spouses names the date the case began the state and county and indicate whether you are the plaintiff or responds by circling the appropriate word in the first response and to the date up to which this information is accurate step 2 section 1 requests information about you your spouse and any children step 3 in section 2 you must list all of your expenses in the categories listed you may provide all figures concerning either weekly or monthly expenses, but you must be consistent step 4 sections 3 requires you to detail your gross income from work account for deductions from wages and detail all other sources of income as requested step 5 sections 4 requires you to list all assets note if any are jointly owned with your spouse enter the total at the bottom of the section in section 5 list all liabilities and total them subtract section 5 s total value from section 4 s to figure out your net worth step 6 in section 6 last all assets you have transferred in the last three years along with the date value and person to whom they were transferred step 7 in section 7 enter your requests for support payments in sections 8 and 9 detail all attorneys account an appraisal fees related to your case in Section 10 note any additional fiscal information step 8 sign and date the form in front of a notary public your attorney if any should sign and provide their address and telephone number to watch more videos please make sure to visit laws calm