Financial Affidavit Law and Legal Definition

A financial affidavit is an affidavit which speaks of complete list of a person’s income from all sources and monthly expenses, including non-prorated and prorated expenses. It is filed in all cases involving child support, post-separation and alimony. While evidence of a person's financial condition may be drawn from a multitude of documents, a financial affidavit is a party's formal, sworn position that reduces finances to a manageable chunk of information. The affidavit becomes ground zero for any request for post-judgment relief that comes before the court. A financial affidavit is filed for the benefit of the court and the opposing party in the dissolution. Decisions on whether and how to settle a case depend on full, honest financial disclosure. The financial affidavit is at the center of the system established by the Family Law Rules to resolve the issues that arise in family cases.[ Daniel v. Daniel, 922 So. 2d 1041 (Fla. 4th DCA 2006)]