A sworn financial statement (SFS) is a very important part of an Arvada, Wheat Ridge, or Jefferson County divorce, legal separation, allocation of parental responsibilities (if you have children, but were never married), or modification of alimony or child support proceedings. It provides the court and other involved parties details about your monthly income, expenses, debts, and assets. The SFS is a required document that must be notarized and filed with the Jefferson County Court. A copy must also be provided to your former spouse or partner, or their family law attorney. The information provided on the sworn financial statement must be accurate, complete, and true to avoid problems down the line – including possible criminal proceedings.
Purpose of a Sworn Financial Statement in a Wheat Ridge Dissolution of Marriage
The sworn financial statement is used to determine child support and alimony or spousal maintenance. It is also a tool that the court uses to make sure that the agreements related to a divorce or allocation of parental responsibilities is fair to both sides. It is reviewed at the same time your divorce agreement and parenting plan is reviewed by the court. The purpose is to protect you. The SFS ensures that both parties are being honest and that neither one will be taken advantage of.
FAQs About the Sworn Financial Statement
- When should I start with the SFS process?
- You should give yourself plenty of time to gather all the pertinent information to completely fill out your sworn financial statement. Make sure you have time to check things over and verify all the information you are presenting.
- What if my financial situation changes during the sworn financial statement process?
- You should fill out your SFS based on your current situation. If your situation changes, you can always go back and revise it. You may take on more debt, take a pay cut at work, or get a job promotion with a pay raise. These things have to be reflected on your SFS, but revising is not a hard process. It’s better to go back and tweak little things than to wait until the last minute to try and provide the most up-to-date information.
- Can I include future expenses?
- No, you need to report exactly what your currently monthly financial situation is. If you are still covered under your spouse’s insurance, you cannot add an insurance payment that you will likely have to make in the future.
If you are ready to start filling out your sworn financial statement, call the best family law attorneys from the Pearman Law Firm to walk you through the process.
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