The Affidavit of Assets and Liabilities is commonly required in various legal and financial proceedings throughout the United States. This document is typically used in bankruptcy proceedings, divorce cases, loan applications, or estate planning. It provides a snapshot of an individual's entire financial position, including real estate, personal property, financial accounts, investments, and all forms of debt. The affidavit must be sworn under penalty of perjury and typically requires notarization to be valid. It serves as a critical tool for courts and financial institutions to verify an individual's financial status and make informed decisions in legal or financial matters.
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1. Personal Information: Affiant's full name, address, and identifying information
2. Purpose Statement: Declaration of the purpose for which the affidavit is being made
3. Assets Declaration: Comprehensive list of all assets owned by the affiant
4. Liabilities Declaration: Comprehensive list of all debts and obligations
5. Verification Statement: Statement affirming the truth of the information provided
6. Notarization Block: Space for notary acknowledgment and seal
1. Income Statement: Current income sources and amounts, required for bankruptcy or divorce proceedings
2. Business Interests: Details of business ownership and interests, included when affiant owns business assets
3. Contingent Liabilities: Potential future obligations, included when there are pending claims or potential obligations
1. Schedule A - Real Property: Detailed listing of real estate holdings with valuations
2. Schedule B - Personal Property: Itemized list of valuable personal property
3. Schedule C - Financial Accounts: List of bank accounts, investments, and financial instruments
4. Schedule D - Debts: Detailed listing of all outstanding debts and obligations
5. Supporting Documents: Copies of relevant financial statements, property deeds, or other supporting documentation
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