Financial Disclosure Statement Template: Assets, Income & Debts

Financial Disclosure Statement FAQ

What is a Financial Disclosure Statement?

A Financial Disclosure Statement is a detailed report of a person’s financial situation — listing income, property, debts, and expenses — typically required in divorce or family court proceedings. It helps ensure fairness in property division, spousal support, and child support determinations.

Why is a Financial Disclosure Statement important?

It promotes transparency between spouses and allows courts to make equitable decisions. Failing to disclose all assets or debts can result in penalties, invalid agreements, or reopened cases.

When should you use a Financial Disclosure Statement?

This form is used at the beginning of divorce, legal separation, or modification proceedings and must be updated if significant financial changes occur before judgment.

What should be included in a Financial Disclosure Statement?

The statement must include all sources of income, real and personal property, bank accounts, retirement funds, debts, living expenses, and any anticipated changes in financial status. Supporting documents such as pay stubs or tax returns may also be required.

Is the information confidential?

Yes. Financial disclosures are typically filed under seal or shared only with the opposing party and the court to protect privacy.

Need a customized Financial Disclosure Statement?

Use our AI-powered builder to create a tailored Financial Disclosure Statement that meets court standards and fits your personal financial circumstances.