All parties in an Orlando Divorce or Paternity Case must file the Florida Family Law Financial Affidavit. On the Financial Affidavit, the parities will disclose their income, expenses, assets, and liabilities. This information allows each party to have a clear picture of the financial situation of the other party. It also informs the court about the income and expenses of each party. It is a tool for dividing assets and liabilities that, in the case of a divorce, were previously shared. It is also the primary tool that will be used to determine the amount of child support or alimony that may be awarded to one party.
Many clients struggle with the Florida Family Law Financial Affidavit. It is fairly long and detailed. However, it is important to remember that it is a requirement. Your experienced Orlando Paternity or Divorce Attorney can help answer any specific questions you may have regarding completing the Affidavit. He or she will also review the Affidavit for accuracy and completeness before filing it on your behalf.
Gaining a clear picture of the current financial position of both parties will ensure your future financial concerns and needs will be addressed during your Central Florida Family Law Matter. Please contact Family Law of Orlando today to schedule your initial consultation with Attorney Wade P. Luther. We can be reached by email or by calling (407) 835-9900.