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Financial Affidavit For Divorce for Pakistan

Financial Affidavit For Divorce Template for Pakistan

A comprehensive legal document used in Pakistani divorce proceedings that provides a detailed sworn statement of an individual's complete financial position. This affidavit, governed by Pakistani family law and applicable religious laws, requires full disclosure of all assets, liabilities, income sources, and regular expenses. The document serves as a crucial tool for courts in determining fair distribution of matrimonial assets, maintenance payments, and other financial aspects of divorce settlements within the Pakistani legal framework. It must comply with both civil court requirements and, where applicable, Islamic law principles regarding financial matters in divorce.

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What is a Financial Affidavit For Divorce?

The Financial Affidavit For Divorce is a mandatory document required in divorce proceedings under Pakistani law. It serves as a sworn declaration of a party's complete financial status, including all assets, liabilities, income sources, and expenses. This document is essential for the court to make informed decisions about asset division, maintenance payments, and other financial aspects of divorce settlements. The affidavit must comply with requirements set forth in various Pakistani legal frameworks, including the Muslim Family Laws Ordinance 1961 and the Family Courts Act 1964. It is typically filed at the beginning of divorce proceedings and may need to be updated if financial circumstances change significantly during the process. The document's accuracy is crucial as false declarations can result in legal penalties under Pakistani law.

What sections should be included in a Financial Affidavit For Divorce?

1. Affiant Information: Personal details including name, CNIC, address, and occupation of the person making the affidavit

2. Marriage Information: Details of the marriage including date, location, and current status of separation

3. Employment Information: Current employment status, employer details, position, and length of employment

4. Income Declaration: Comprehensive breakdown of all sources of income including salary, bonuses, commissions, and other regular income

5. Monthly Expenses: Detailed listing of all regular monthly expenses including household, personal, and family-related costs

6. Asset Declaration: Complete list of all assets owned individually or jointly, including real estate, vehicles, and personal property

7. Liability Declaration: All current debts and financial obligations including loans, mortgages, and credit card debts

8. Bank Accounts: Details of all bank accounts, savings accounts, and cash holdings

9. Insurance Policies: Information about life, health, and other insurance policies

10. Verification Statement: Sworn statement confirming the truthfulness and completeness of the provided information

What sections are optional to include in a Financial Affidavit For Divorce?

1. Business Interests: Details of any business ownership, partnerships, or shares in companies - required if affiant owns or has interest in any business

2. International Assets: Declaration of assets held outside Pakistan - required if affiant has foreign assets

3. Inheritance Expectations: Information about expected inheritances or trust benefits - required if any pending inheritance exists

4. Children's Expenses: Detailed breakdown of expenses related to children - required if there are children from the marriage

5. Agricultural Income: Details of income from agricultural land or farming - required for agricultural property owners

6. Rental Income: Information about income from rental properties - required for property owners with rental income

7. Pension and Retirement: Details of pension plans and retirement accounts - required for individuals with retirement benefits

What schedules should be included in a Financial Affidavit For Divorce?

1. Schedule A - Income Documentation: Copies of salary slips, tax returns, and other income proof for the last 12 months

2. Schedule B - Asset Valuation: Current market value assessments of major assets including property and vehicles

3. Schedule C - Bank Statements: Last 12 months of statements for all bank accounts

4. Schedule D - Property Documents: Copies of property ownership documents and recent valuations

5. Schedule E - Debt Documentation: Copies of loan agreements, credit card statements, and other liability documentation

6. Schedule F - Business Financial Statements: Financial statements for any owned businesses (if applicable)

7. Appendix 1 - Supporting Documents: Additional supporting documents including utility bills, insurance policies, and other relevant financial records

8. Appendix 2 - Tax Documentation: Copies of recent tax returns and tax payment certificates

Authors

Alex Denne

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

Jurisdiction

Pakistan

Publisher

Ƶ

Document Type

Affidavit

Cost

Free to use
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