financial affidavits

A financial affidavit is a sworn document where a person provides a detailed summary of their income, expenses, assets, and debts. It is used in legal or court settings to demonstrate their financial situation, often in cases like divorce, child support, or bankruptcy. The affidavit helps courts assess a person's ability to pay or support, ensuring fair decisions. It must be truthful and accurate, as it is legally binding and can be challenged if found to be misleading.