The Affidavit of Assets and Liabilities is a crucial legal document within New Zealand's judicial system, designed to provide a complete and accurate picture of an individual's financial situation. This sworn statement is required in various contexts, including family court proceedings, bankruptcy applications, relationship property settlements, and trust disputes. The document must comply with New Zealand legislation, particularly the Oaths and Declarations Act 1957 and relevant court rules. It includes detailed information about all assets (such as properties, vehicles, investments, and business interests) and liabilities (including mortgages, loans, and other debts). The affidavit must be sworn or affirmed before an authorized witness, and providing false information can result in serious legal consequences. This document plays a vital role in ensuring transparency and fairness in legal proceedings where financial disclosure is required.
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1. Declarant Information: Formal identification of the person making the affidavit, including full legal name, occupation, and residential address
2. Purpose Declaration: Statement explaining the purpose for which the affidavit is being made and any related proceedings
3. Employment and Income: Details of current employment status, income sources, and regular earnings
4. Real Property: List of all real estate owned, including primary residence, investment properties, and land
5. Personal Property: Details of vehicles, furniture, jewelry, and other significant personal possessions
6. Bank Accounts and Cash: Information about all bank accounts, cash holdings, and liquid assets
7. Investments: Details of shares, bonds, mutual funds, retirement accounts, and other investments
8. Business Interests: Information about owned businesses, partnerships, and company shares
9. Liabilities: List of all debts, including mortgages, loans, credit cards, and other financial obligations
10. Regular Financial Obligations: Ongoing financial commitments such as child support, alimony, or regular payments
11. Verification Statement: Formal declaration of truth and completeness of the information provided
1. Trust Interests: Details of any trust relationships where the declarant is a trustee, settlor, or beneficiary
2. Overseas Assets: Information about assets held outside New Zealand
3. Contingent Liabilities: Details of potential future obligations or guarantees provided
4. Recent Asset Transfers: Information about assets transferred or disposed of in the relevant period
5. Insurance Policies: Details of life insurance, income protection, or other significant insurance policies
6. Anticipated Changes: Information about expected significant changes to financial position
7. Joint Assets: Specific section for assets owned jointly with others
1. Schedule A - Real Property Details: Detailed breakdown of each property including title details, valuations, and mortgages
2. Schedule B - Vehicle Register: Detailed list of vehicles including registration numbers, value, and finance details
3. Schedule C - Investment Portfolio: Detailed breakdown of investment holdings including account numbers and current values
4. Schedule D - Business Assets: Detailed list of business assets including valuations and supporting documentation
5. Schedule E - Debt Schedule: Detailed breakdown of all liabilities including account numbers and payment terms
6. Appendix 1 - Supporting Documents: Collection of relevant supporting documents such as property valuations, bank statements, and investment certificates
7. Appendix 2 - Property Photos: Photographs of significant assets mentioned in the affidavit
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