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Financial Affidavit With No Income for the United Kingdom

Financial Affidavit With No Income Template for United States

A Financial Affidavit With No Income is a legally binding document used in the United States that formally declares an individual's financial status when they have no current income. This sworn statement details the affiant's assets, expenses, and means of support, typically required for court proceedings, public assistance applications, or financial matters. The document must comply with federal and state-specific requirements for sworn statements and financial disclosures.

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Financial Affidavit With No Income

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What is a Financial Affidavit With No Income?

The Financial Affidavit With No Income serves as a crucial legal document in the United States judicial system and administrative proceedings. It is commonly required in situations involving bankruptcy filings, divorce proceedings, child support modifications, public assistance applications, or other circumstances where an individual needs to formally declare their lack of income. The affidavit provides a comprehensive overview of the person's financial situation, including assets, expenses, and how they meet their basic needs without regular income. This document must be sworn under penalty of perjury and typically requires notarization to be legally valid.

What sections should be included in a Financial Affidavit With No Income?

1. Personal Information: Basic identifying information of the affiant including full name, address, and contact details

2. Declaration of No Income: Formal statement confirming zero income and period covered

3. Assets Declaration: Comprehensive list of all assets owned, including property, vehicles, bank accounts, etc.

4. Living Expenses: Detailed breakdown of monthly expenses and how they are met

5. Source of Support: Explanation of how basic needs are being met without income

6. Verification: Sworn statement and signature block with notarization

What sections are optional to include in a Financial Affidavit With No Income?

1. Dependent Information: Details of dependents when the affiant has legal dependents

2. Previous Employment: Recent employment history when required by court or agency

3. Job Search Efforts: Documentation of attempts to find employment when required for benefits or court proceedings

What schedules should be included in a Financial Affidavit With No Income?

1. Schedule A - Asset Details: Detailed listing of all assets with supporting documentation

2. Schedule B - Expense Documentation: Receipts and proof of regular expenses

3. Schedule C - Support Documentation: Letters or statements from those providing support

4. Schedule D - Bank Statements: Recent bank statements showing financial activity

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Document Type

Affidavit

Cost

Free to use
Clauses





















Industries

Federal Perjury Law: 18 U.S.C. ยง 1621 - Federal statute governing perjury and false statements under oath in federal jurisdictions

Unsworn Declarations Statute: 28 U.S.C. ยง 1746 - Federal law allowing for unsworn declarations under penalty of perjury

State Financial Affidavit Requirements: Individual state-specific requirements for the format, content, and filing of financial affidavits

State Perjury Statutes: State-specific laws governing false statements under oath and penalties for perjury

State Court Procedural Rules: Local court rules governing the submission and processing of financial affidavits

Bankruptcy Code Compliance: Relevant sections of the U.S. Bankruptcy Code if the affidavit is related to bankruptcy proceedings

Family Law Requirements: State-specific family law statutes governing financial disclosures in divorce, child support, or custody cases

Public Benefits Regulations: Federal and state regulations regarding financial disclosure for government assistance programs

Declaration Requirements: Legal requirements for making declarations under penalty of perjury, including specific language and format

Full Disclosure Requirements: Legal obligation to provide complete and accurate financial information, including assets, debts, and living situation

Notarization Requirements: State-specific requirements for notarization of financial affidavits

Supporting Documentation Rules: Requirements for including or maintaining supporting documentation for statements made in the affidavit

Zero Income Documentation: Specific requirements for explaining and documenting the absence of income

Asset Disclosure Rules: Requirements for disclosing all assets, including personal property, real estate, and financial accounts

Living Expense Documentation: Requirements for documenting and explaining how living expenses are met with no income

Support Source Disclosure: Requirements for disclosing and documenting sources of financial support when declaring no income

Teams

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