Posts by Cierra Wilde

Assets and Debts—Getting it Right on the Sworn Financial Statement

Assets and Debts - Colorado Springs Law

The Sworn Financial Statement is one of the most important documents you will need to complete if going through a divorce or custody case. Also called a “financial affidavit”, it requires each person in the case to use the form approved by the Court and list all income, assets and debts. The Court will use the Sworn Financial Statement to determine how to divide assets and, most importantly, to determine a Party’s need for spousal maintenance or a Party’s ability to pay spousal maintenance. Completing the listing of assets and debts on the Sworn Financial Statement is easily the most labor intensive part of your divorce case. Not only do you have to think about all the assets you have,…

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