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Overview

The Arizona Financial Form, critical in legal and family court proceedings within Maricopa County, Arizona, serves as a comprehensive disclosure of an individual's financial status and obligations. Marked with the instruction to be filled in black ink and completed in its entirety, the form demands accurate, thoughtful submission, including current income sources, employment details, personal information, and extensive lists of both personal and child-related expenses. Not only is it pivotal in cases where specifics of child support, spousal maintenance, or the division of expenses are contested, but it also lays the groundwork for transparent communication between parties and the court. The document warns signatories of the severe implications for perjury or withholding information, emphasizing the importance of attaching supporting documents such as recent pay stubs, tax returns, and detailed employment information. With sections dedicated to employment, self-employment income, education, and detailed monthly incomes and expenses, it reflects a thorough examination of one’s financial health. Pertinently, the form includes explicit instructions for disclosing child-related expenditures and underscores the necessity of complete honesty to avoid potential court-ordered sanctions, iterating the serious commitment of the Superior Court of Arizona in Maricopa County to ensure fair and informed judicial proceedings.

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Name:

Mailing Address:

City, State, Zip Code:

Daytime Phone Number:

Evening Phone Number:

Representing: Self

State Bar Number:

Petitioner

Respondent

FOR CLERK’S USE ONLY

 

SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

 

 

Case No.

 

 

 

 

 

 

 

Petitioner/Plaintiff

 

ATLAS No.

 

 

 

AFFIDAVIT OF FINANCIAL INFORMATION

 

 

 

 

 

Respondent

 

Affidavit of

 

 

 

 

(Name of Person Whose Information is on this

 

 

Affidavit)

IMPORTANT INFORMATION ABOUT THIS DOCUMENT

WARNING TO BOTH PARTIES: This Affidavit is an important document. You must fill out this Affidavit completely, and provide accurate information. You must provide copies of this Affidavit and all other required documents to the other party and to the judge. If you do not do this, the court may order you to pay a fine.

I have read the following document and know of my own knowledge that the facts and financial information stated below are true and correct, and that any false information may constitute perjury by me. I also understand that, if I fail to provide the required information or give misinformation, the judge may order sanctions against me, including assessment of fees for fines under Rule 31, Arizona Rules of Family Law Procedure.

Date

Signature of Person Making Affidavit

INSTRUCTIONS

1.Complete the entire Affidavit in black ink. If the spaces provided on this form are inadequate, use separate sheets of paper to complete the answers and attach them to the Affidavit. Answer every question completely! You must complete every blank. If you do not

know the answer to a question or are guessing, please state that. If a question does not apply, write “NA” for “not applicable” to indicate you read the question. Round all amounts of money to the nearest dollar.

2.Answer the following statements YES or NO. If you mark NO, explain your answer on a separate piece of paper and attach the explanation to the Affidavit.

[

] YES [

] NO

1.

I listed all sources of my income.

[

] YES [

] NO

2.

I attached copies of my two (2) most recent pay stubs.

[

] YES [

] NO

3.

I attached copies of my federal income tax return for the last three (3)

 

 

 

 

years, and I attached my W-2 and 1099 forms from all sources of

 

 

 

 

income.

©SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

DROSC13f-091511

ALL RIGHTS RESERVED

Page 1 of 7

AFI

Case No.

1. GENERAL INFORMATION:

 

 

 

 

 

A. Name:

 

 

Date of Birth:

 

B. Current Address:

 

 

 

 

 

 

C. Date of Marriage:

 

Date of Divorce:

 

 

D.Last date when you and the other party lived together:

E.Full names of child(ren) common to the parties (in this case), their dates of birth:

Name

 

Date of Birth

 

 

 

 

 

 

 

 

 

 

 

 

F.The name, date of birth, relationship to you, and gross monthly income for each individual who lives in your household:

Name

 

Date of Birth

 

Relationship to you

 

Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

G. Any other person for whom you contribute support:

 

 

Name

Age Relationship

Reside With

Court Order to

 

to You

You (Y/N)

Support (Y/N)

 

 

 

 

 

 

 

 

H. Attorney’s Fees paid in this matter $

 

. Source of funds

2.EMPLOYMENT INFORMATION:

A.Your job/occupation/profession/title: Name and address of current employer:

Date employment began:

How often are you paid: [ ] Weekly [ ] Every other week [ ] Monthly [ ] Twice a month

[] Other

B.If you are not working, why not?

C.Previous employer name and address: Previous job/occupation/profession/title:

Date previous job began:

 

Date previous job ended:

 

Reason you left job:

 

 

 

Gross monthly pay at previous job: $

 

 

D.Total gross income from last three (3) years’ tax returns (attach copies of pages 1 and 2 of your federal income tax returns for the last three (3) years):

Year

 

$

 

Year

 

$

Year

$

 

 

 

 

 

 

 

 

 

 

 

E.Your total gross income from January 1 of this year to the date of this Affidavit (year-to-date income): $

©SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

DROSC13f-091511

ALL RIGHTS RESERVED

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Case No.

3.YOUR EDUCATION/TRAINING: List name of school, length of time there, year of last attendance, and degree earned:

A.High School:

B.College:

C.Post-Graduate:

D.Occupational Training:

4.YOUR GROSS MONTHLY INCOME:

 

List all income you receive from any source, whether private or governmental, taxable or not.

 

List all income payable to you individually or payable jointly to you and your spouse.

 

Use a monthly average for items that vary from month to month.

 

 

 

 

Multiply weekly income and deductions by 4.33. Multiply biweekly income by 2.165 to arrive at

 

the total amount for the month.

 

 

 

A. Gross salary/wages per month

$

 

 

 

 

Attach copies of your two most recent pay stubs.

 

 

 

 

Rate of Pay $

 

per [ ] hour [ ] week [ ] month [ ] year

 

 

 

B. Expenses paid for by your employer:

 

 

 

 

1.

Automobile

 

 

$

 

 

 

2.

Auto expenses, such as gas, repairs, insurance

$

 

 

 

3.

Lodging

 

 

$

 

 

 

4.

Other (Explain)

 

 

 

$

 

 

C. Commissions/Bonuses

$

 

 

D. Tips

 

 

$

 

 

E. Self-employment Income (See below)

$

 

 

F.

Social Security benefits

$

 

 

G.

Worker's compensation and/or disability income

$

 

 

H.

Unemployment compensation

$

 

 

I.

Gifts/Prizes

 

 

$

 

 

J.

Payments from prior spouse

$

 

 

K.

Rental income (net after expenses)

$

 

 

L.

Contributions to household living expense by others

$

 

 

M. Other (Explain:)

 

 

 

$

 

 

 

(Include dividends, pensions, interest, trust income, annuities

 

 

 

 

or royalties.)

 

 

 

 

 

 

 

 

 

 

 

TOTAL:

$

 

 

5.SELF-EMPLOYMENT INCOME (if applicable):

If you are self-employed, attach of a copy of the Schedule C for your business from your last tax return and the most recent income/expense statement from your business.

If self employed, provide the following information: Name, address and telephone no. of business:

Type of business entity:

State and Date of incorporation: Nature of your interest:

Nature of business: Percent ownership: Number of shares of stock:

©SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

DROSC13f-091511

ALL RIGHTS RESERVED

Page 3 of 7

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Case No.

Total issued and outstanding shares:

Gross sales/revenue last 12 months:

INSTRUCTIONS

Both parties must answer item 6 if either party asks for child support. These expenses include only those expenses for children who are common to the parties, which means one party is the birth/adoptive mother and

the other is the birth/adoptive father of the children.

6.SCHEDULE OF ALL MONTHLY EXPENSES FOR CHILDREN:

DO NOT LIST any expenses for the other party, or child(ren) who live(s) with the other party, unless you are paying those expenses.

Use a monthly average for items that vary from month to month.

If you are listing anticipated expenses, indicate this by putting an asterisk (*) next to the estimated amount.

A.HEALTH INSURANCE:

Do you have health insurance available? Yes

No

Are you enrolled?

1.

Total monthly cost

$

2.

Premium cost to insure you alone

$

3.

Premium cost to insure child(ren) common to the parties

$

4.List all people covered by your insurance coverage:

5.Name of insurance company and Policy/Group Number:

B. DENTAL/VISION INSURANCE:

1.

Total monthly cost

$

2.

Premium cost to insure you alone

$

3.

Premium cost to insure child(ren) common to the parties

$

4.List all people covered by your insurance coverage:

5.Name of insurance company and Policy/Group Number:

C.UNREIMBURSED MEDICAL AND DENTAL EXPENSES:

(Cost to you after, or in addition to, any insurance reimbursement)

1.

Drugs and medical supplies

 

$

 

 

2.

Other

 

$

 

 

 

 

 

 

TOTAL:

$

 

 

D. CHILD CARE COSTS:

 

 

 

 

1.

Total monthly child care costs

 

$

 

 

 

(Do not include amounts paid by D.E.S.)

 

 

 

 

2.

Name(s) of child(ren) cared for and amount per child:

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

$

 

 

©SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

 

 

DROSC13f-091511

ALL RIGHTS RESERVED

Page 4 of 7

 

 

 

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Case No.

3. Name(s) and address(es) of child care provider(s):

E.EMPLOYER PRETAX PROGRAM:

Do you participate in an employer program for pretax payment of child care expenses? (Cafeteria Plan)? [ ] YES [ ] NO

F.COURT ORDERED CHILD SUPPORT:

1.

Court ordered current child support for child(ren)

 

 

not common to the parties

$

2.

Court ordered cash medical support for child(ren)

 

 

not common to the parties

$

3.

Amount of any arrears payment

$

4.

Amount per month actually paid in last 12 mos.

$

Attach proof that you are paying

5.Name(s) and relationship of minor child(ren) who you support or who live with you, but are not common to the parties.

G. COURT ORDERED SPOUSAL MAINTENANCE/SUPPORT (Alimony):

1.Court ordered spousal maintenance/support you actually

pay to previous spouse:

$

H. EXTRAORDINARY EXPENSES :

1. For Children (Educational Expense/Special Needs/Other): $ Explain:

2. For Self:

$

 

Explain:

 

 

 

 

 

INSTRUCTIONS

Both parties must answer items 7 and 8 if either party is requesting:

Spousal maintenance

Division of expenses

Attorneys’ fees and costs

Adjustment or deviation from the child support amount

Enforcement

7.SCHEDULE OF ALL MONTHLY EXPENSES:

Do NOT list any expenses for the other party, or children who live with the other party unless you are paying those expenses.

Use a monthly average for items that vary from month to month.

If you are listing anticipated expenses, indicate this by putting an asterisk (*) next to the estimated amount.

©SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

DROSC13f-091511

ALL RIGHTS RESERVED

Page 5 of 7

AFI

 

 

 

 

 

Case No.

A. HOUSING EXPENSES:

 

1.

House payment:

 

 

a.

First Mortgage

$

 

b.

Second Mortgage

$

 

c.

Homeowners Association Fee

$

 

d.

Rent

$

2.

Repair & upkeep

$

3.

Yard work/Pool/Pest Control

$

4.

Insurance & taxes not included in house payment

$

5.

Other (Explain)

$

 

 

 

 

 

TOTAL:

$

B. UTILITIES:

 

1.

Water, sewer, and garbage

$

2.

Electricity

$

3.

Gas

$

4.

Telephone

$

5.

Mobile phone/pager

$

6.

Internet Provider

$

7.

Cable/Satellite television

$

8.

Other (Explain:)

 

 

$

 

 

 

 

 

TOTAL:

$

C. FOOD:

 

 

 

 

 

 

 

 

1.

Food, milk, and household supplies

$

2.

School lunches

$

3.

Meals outside home

$

 

 

 

 

 

TOTAL:

$

D. CLOTHING:

 

1.

Clothing for you

$

2.

Uniforms or special work clothes

$

3.

Clothing for children living with you

$

4.

Laundry and cleaning

$

 

 

 

 

 

TOTAL:

$

E. TRANSPORTATION OR AUTOMOBILE EXPENSES:

 

1.

Car insurance

$

2.

List all cars and individuals covered:

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

Car payment, if any

$

4.

Car repair and maintenance

$

5.

Gas and oil

$

6.

Bus fare/parking fees

$

7.

Other (explain):

 

 

$

 

 

 

 

 

TOTAL:

$

F. MISCELLANEOUS:

 

1.

School and school supplies

$

2.

School activities or fees

$

3. Extracurricular activities of child(ren)

$

 

 

©SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

 

DROSC13f-091511

ALL RIGHTS RESERVED

Page 6 of 7

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Case No.

 

4.

Church/contributions

 

 

$

 

 

 

5.

Newspapers, magazines and books

 

 

$

 

 

 

6.

Barber and beauty shop

 

 

$

 

 

 

7.

Life insurance (beneficiary:

 

 

)

$

 

 

 

8.

Disability insurance

 

 

$

 

 

 

9.

Recreation/entertainment

 

 

$

 

 

 

10.

Child(ren)'s allowance(s)

 

 

$

 

 

 

11.

Union/Professional dues

 

 

$

 

 

 

12.

Voluntary retirement contributions and savings deductions

$

 

 

 

13.

Family gifts

 

 

$

 

 

 

14. Pet Expenses

 

 

$

 

 

 

15.

Cigarettes

 

 

$

 

 

 

16.

Alcohol

 

 

$

 

 

 

17.

Other (explain):

 

 

$

 

 

 

 

 

 

 

TOTAL:

$

 

 

 

8.OUTSTANDING DEBTS AND ACCOUNTS: List all debts and installment payments you currently owe, but do not include items listed in Item 7 “Monthly Schedule of Expenses”. Follow the format below. Use additional paper if necessary.

Creditor Name

Purpose of Debt

Unpaid

Balance

Min.

Monthly

Payment

Date of

Your Last

Payment

Amount of

Your

Payment

©SUPERIOR COURT OF ARIZONA IN MARICOPA COUNTY

DROSC13f-091511

ALL RIGHTS RESERVED

Page 7 of 7

AFI

File Properties

Fact Name Description
Purpose of the Form This is an affidavit form used in family law cases within Maricopa County, Arizona, to provide detailed financial information.
Required Completeness The form mandates complete and accurate information. Incomplete or inaccurate submissions can lead to sanctions or fines.
Documentation Required Attachments are necessary for income verification, including recent pay stubs and federal income tax returns for the last three years.
Penalties for Inaccuracy Providing false information may lead to perjury charges. Failure to supply required documents or misinformation can also result in judge-ordered penalties.
Content Range Covers a wide range of financial data, including but not limited to, employment details, income sources, monthly expenses for both the individual and children common to the parties involved.
Governing Law The form is governed by the Arizona Rules of Family Law Procedure, particularly highlighting the importance of rule 31 regarding the provision of accurate information and the associated consequences of not doing so.
Specific to Maricopa County While this form is specific to the Superior Court of Arizona in Maricopa County, its structure and the requirement for thorough financial disclosure reflect common standards in family law procedures.

Instructions on Writing Arizona Financial

Filling out the Arizona Financial form is crucial for accurately presenting your financial status to the court, especially in cases involving child support, spousal maintenance, dividing expenses, and more. This document requires thorough and honest information about your earnings, expenses, and the financial support you provide or receive. It's essential to follow the instructions carefully to avoid penalties or sanctions from the court.

  1. Read the entire document carefully. Understand that providing false information can lead to penalties, including perjury.
  2. Use black ink to complete the Affidavit. If additional space is needed for any answer, attach separate sheets of paper and write the corresponding question number on them.
  3. Fill in your general information, including your name, mailing address, city, state, zip code, daytime and evening phone numbers, and representation status. If applicable, include your State Bar Number and indicate whether you're the petitioner or respondent.
  4. Under the "FOR CLERK’S USE ONLY" section, leave the case number, petitioner/plaintiff, ATLAS number, and respondent information blank. This will be filled by the court clerk.
  5. Move to the GENERAL INFORMATION section and provide the requested details about your personal information, including date of birth, current address, marriage and divorce dates, and details about children common to both parties.
  6. In the EMPLOYMENT INFORMATION section, enter your employment details, including occupation, employer's name and address, employment dates, and your salary. If unemployed, specify the reason.
  7. List all schools and any educational or occupational training you have received in the YOUR EDUCATION/TRAINING section. Include the name of the school, length of attendance, year of last attendance, and degree or certificate earned.
  8. Report your gross monthly income from all sources in the YOUR GROSS MONTHLY INCOME section. Attach copies of your two most recent pay stubs as required.
  9. For self-employed individuals, complete the SELF-EMPLOYMENT INCOME section with details about your business, including name, type, nature, and sales/revenue.
  10. Answer the questions regarding your children's expenses, if applicable, in the SCHEDULE OF ALL MONTHLY EXPENSES FOR CHILDREN section. Include health insurance, child care costs, and any unreimbursed medical expenses.
  11. Complete the sections on SELF-EMPLOYMENT INCOME and SCHEDULE OF ALL MONTHLY EXPENSES with accurate figures to reflect your financial standings and responsibilities accurately.
  12. Sign and date the affidavit at the end, affirming that all the information provided is true and correct to the best of your knowledge. Attach any additional documents that support your financial disclosure.

Once the form is completed and all supporting documents are attached, submit the affidavit and copies to the opposing party and the court. Keep a copy for your records. Promptly submitting this form and adhering to the instructions can help ensure a smoother process in addressing your case's financial aspects.

Listed Questions and Answers

What is the purpose of the Affidavit of Financial Information in Arizona?

The Affidavit of Financial Information is a critical document used by the Superior Court of Arizona, specifically in Maricopa County, during legal matters that involve financial decisions, such as child support, spousal maintenance, division of expenses, attorneys' fees and costs, or adjustments to child support amounts. It requires detailed financial information from individuals to ensure fair and informed decisions can be made by the court regarding these financial matters.

Who needs to fill out the Affidavit of Financial Information?

Any individual involved in a legal case within the Superior Court of Arizona in Maricopa County that pertains to financial issues must complete the Affidavit of Financial Information. This includes cases related to child support, spousal maintenance, division of expenses, request for attorneys' fees and costs, and any adjustments or deviations from established child support amounts. Both parties must provide their financial details clearly and completely if they are part of such legal proceedings.

What happens if I do not provide accurate information on the Affidavit?

Providing false information or failing to disclose required financial details can lead to serious consequences. The court may treat such actions as perjury, which is a criminal offense. Additionally, if you fail to provide the necessary information, the judge may order sanctions against you, which could include fines or other penalties under Rule 31 of the Arizona Rules of Family Law Procedure.

How detailed must my financial information be on the Affidavit?

Your financial information must be thorough and precise. The Affidavit asks for comprehensive details about your income, expenses, employment status, and any other financial obligations or receipts. All amounts should be rounded to the nearest dollar, and if you are guessing an amount or do not know an exact figure, you are required to indicate as such. Additionally, if the space provided on the form is not enough, you can attach separate sheets to ensure completeness. All required documents, such as pay stubs, tax returns, and W-2 or 1099 forms, must also be attached as specified.

What documents do I need to attach to the Affidavit?

Along with filling out the Affidavit itself, you must attach copies of your two most recent pay stubs, your federal income tax returns for the last three years, and all accompanying W-2 and 1099 forms from all sources of income. If you are self-employed, additional documents such as Schedule C from your tax returns and a recent income/expense statement for your business must be included.

Are there any other important instructions I should be aware of when completing the Affidavit?

Yes, it is crucial to follow all instructions carefully. The Affidavit must be completed in black ink, and every question must be answered completely. For questions that do not apply, you should indicate "NA" for "not applicable." Also, if you mark "NO" to any of the questions regarding whether certain documents are attached, you need to explain your answer on a separate piece of paper and attach it to the Affididavit. This ensures clarity and completeness, which is essential for the fair treatment of your case in court.

Common mistakes

Filling out the Arizona Financial Affidavit form accurately is crucial for ensuring a fair and expedient legal process. However, several common mistakes can complicate or delay proceedings. Recognizing and avoiding these errors can significantly impact the outcome of your case.

  1. Not completing the affidavit in black ink: The instructions specifically request the form be filled out in black ink. This ensures legibility for all parties reviewing the document.
  2. Omitting information or leaving blanks: Every question on the affidavit must be answered. If a question does not apply or if the answer is unknown, it's important to indicate this appropriately by writing "NA" or stating that the information is unknown, rather than leaving the space blank.
  3. Failing to round amounts to the nearest dollar: Precision in reporting financial figures is key. The requirement to round to the nearest dollar is designed to simplify the financial information presented.
  4. Not listing all sources of income: Every source of income must be disclosed on the form. This includes wages, tips, self-employment earnings, social security benefits, and any other sources of income.
  5. Forgetting to attach required documentation: The affidavit requires the attachment of specific documents, such as recent pay stubs, tax returns, W-2s, and 1099 forms. Neglecting to attach these documents can hinder the verification of financial information.
  6. Incorrectly calculating monthly income: For income that varies, the form specifies using averages or specific multipliers to calculate a monthly amount accurately. Errors in these calculations can misrepresent an individual’s financial situation.
  7. Omitting expenses or debts: All monthly expenses and debts must be detailed accurately. This includes child care costs, outstanding debts, or any other recurring expenses.
  8. Underreporting or omitting the income of other household members: The affidavit requires the disclosure of the gross monthly income of everyone living in the household, not just the individual filling out the form.
  9. Not updating the information if things change: If there are significant changes to your financial situation after you submit the affidavit but before your case is resolved, you may need to update the information and inform the court.

Being mindful of these common pitfalls can help in the accurate and comprehensive completion of the Arizona Financial Affidavit, contributing to a smoother legal process.

Documents used along the form

When navigating the complexities of legal proceedings in Arizona, particularly those relating to family law, certain documents and forms tend to be as crucial as the Arizona Financial Information form itself. Understanding these forms can help streamline the process, ensuring that all necessary information is provided from the onset.

  • Parenting Plan Agreement: This document outlines how parents will share custody and make decisions regarding their child(ren)'s upbringing. It includes details about physical custody, legal custody, and parenting schedules.
  • Child Support Worksheet: Used to calculate the amount of child_support a parent must pay or receive. This form takes into account the parents' income, the cost of medical insurance, educational expenses, and the time each parent spends with the child(ren).
  • Decree of Dissolution of Marriage: This is the final document in a divorce proceeding, which officially ends the marriage. It includes all of the court's decisions regarding division of property, child custody, child support, spousal support (if any), and any other relevant details.
  • Income and Expense Declaration: Although similar to the Affidavit of Financial Information, this form provides a detailed account of an individual's monthly income and expenses. It is used to assess financial needs, especially in situations involving spousal maintenance or when modifying child support orders.

In addition to completing the Arizona Financial Information form, it's essential to accurately complete and file these associated documents as well. Together, they provide a comprehensive financial picture to the court, facilitating fair and informed decisions regarding custody, support, and division of assets. It's recommended to seek guidance through legal counsel to ensure that all documentation is correctly prepared and submitted. This proactive approach can significantly impact the outcome of your case.

Similar forms

The Arizona Financial form bears a resemblance to the Financial Affidavit common in divorce and child support proceedings in other jurisdictions. Both documents require detailed personal financial information, such as income sources, employment details, monthly expenses, and any child or spousal support obligations. They are critical in legal disputes over alimony, child support, and division of assets, where accurate financial disclosure from both parties is necessary for equitable resolutions. By mandating comprehensive disclosure, these forms aim to facilitate fairness and transparency in financial matters pertinent to family law proceedings.

Another document akin to the Arizona Financial form is the Uniform Residential Loan Application used in mortgage lending processes. This form also gathers comprehensive financial information from applicants, including employment history, income, assets, and liabilities. Although it serves a different purpose—assessing a borrower's creditworthiness for home financing—both documents require detailed personal financial disclosure to evaluate financial stability and reliability, emphasizing the importance of accurate and full financial disclosure in critical assessments.

The Income and Expense Declaration (FL-150) found in California family law proceedings echoes the Arizona Financial form. It similarly demands thorough information regarding a person’s financial situation, including earnings, monthly living expenses, and obligations such as child and spousal support. This parallel underscores both documents’ roles in ensuring that court decisions regarding financial support are based on an accurate representation of each party’s economic capacity and needs, a cornerstone in achieving equitable outcomes in family law disputes.

The Bankruptcy Form B 122A-1, also known as the Chapter 7 Statement of Your Current Monthly Income, parallels the Arizona Financial form in its requirement for precise financial information disclosure. This form is used to determine eligibility for filing under Chapter 7 of the Bankruptcy Code, based on an individual’s income relative to the median income for their state. Like the Arizona Financial form, it's a tool for legal and financial analysis, ensuring decisions are made based on a comprehensive understanding of an individual's financial situation, illustrating the common legal need for detailed personal financial information across varying contexts.

Lastly, the Free Application for Federal Student Aid (FAFSA) shares commonalities with the Arizona Financial form in terms of financial disclosure. FAFSA collects detailed financial information from students and their families to determine eligibility for federal, state, and school-based financial aid. Both documents play pivotal roles in assessing financial circumstances to allocate financial support, underscoring the broad applicability of thorough financial disclosure in obtaining fair and informed decisions in legal and educational frameworks.

Dos and Don'ts

When filling out the Arizona Financial Affidavit form, it is essential to adhere to guidelines that ensure the process is completed accurately and effectively. The following are seven things you should do, as well as seven things you shouldn't do:

What You Should Do:

  1. Ensure that every section of the Affidavit is completed in black ink to maintain legibility.
  2. Provide complete answers to every question. If the answer to a question is unknown or only an estimate, make sure to clearly indicate this.
  3. Write “NA” in spaces where questions are not applicable to your situation to confirm that you have read the question.

  4. Attach copies of the required documents, such as your two most recent pay stubs and the last three years' federal income tax returns, including all W-2 and 1099 forms.
  5. Round all amounts of money to the nearest dollar to avoid discrepancies.
  6. For employment and income details, include all sources of income to provide a complete financial picture.

  7. Review the affidavit thoroughly before signing it to ensure all the information provided is true and correct.

What You Shouldn't Do:

  1. Do not leave any blanks unfilled; ensure every question has a response.
  2. Avoid using any ink color other than black, as this may result in issues with document legibility or scanning.
  3. Do not omit any relevant financial documents that are required to be attached. Failing to provide these documents may lead to delays or penalties.

  4. Avoid guessing answers without indicating that the provided information is an estimate.
  5. Do not include financial information that does not apply to you; this might confuse the process and lead to unnecessary verification steps.
  6. Refrain from providing incomplete employment information; this could affect the overall accuracy of the affidavit.

  7. Finally, do not sign the affidavit without reading and understanding all the instructions and confirmations of truthfulness to prevent issues of perjury or providing false statements.

Misconceptions

When dealing with the Arizona Financial Affidavit, commonly required in family law cases, certain misconceptions frequently arise. It's important to address these to ensure individuals can accurately complete and utilize this document.

  • Misconception 1: Every section must be filled with detailed financial numbers. While the form does require comprehensive financial information, it recognizes that not all questions apply to every individual. In cases where a question is not applicable, writing “NA” for “not applicable” is advised, indicating that the question was read but does not pertain to your situation.
  • Misconception 2: Estimates and guesses are not allowed. The document explicitly allows for stating when you are unsure of an answer. Instead of leaving a blank, individuals are instructed to note that they are guessing or do not know the precise answer to ensure clear communication of their financial situation.
  • Misconception 3: Only formal employment income needs to be disclosed. This is incorrect. The affidavit requires listing all sources of income, which includes, but is not limited to, salaries, wages, commissions, bonuses, and income from self-employment. It also covers governmental assistance, child support from previous relationships, and any other financial support received, ensuring a full picture of financial status.
  • Misconception 4: I don’t need to provide documentation if it’s hard to obtain. The instructions make it clear that attaching relevant financial documents, such as pay stubs and tax returns, is not optional but a requirement when completing this affidavit. These documents are essential for verifying the financial information provided and must be attached even if they are difficult to obtain, with certain exceptions explained in attached notes or separate paperwork if genuinely unobtainable.

Understanding these key points can demystify the process of completing the Arizona Financial Affidavit. This document plays a crucial role in family law proceedings, ensuring that financial matters are fairly and accurately addressed. Therefore, it's imperative to approach it with careful attention to detail and honesty, acknowledging that its purpose is to foster transparency and fairness in legal proceedings.

Key takeaways

Filling out the Arizona Financial Affidavit form accurately and comprehensively is critical for individuals navigating legal procedures in Maricopa County. Here are six key takeaways to ensure the process is done correctly:

  • Complete accuracy is paramount. The person filling out the affidavit must provide true and correct financial information. Intentionally providing false information can lead to perjury charges and sanctions, including fines under Rule 31, Arizona Rules of Family Law Procedure.
  • Use black ink and answer all questions. Every question on the form must be answered completely. If additional space is needed, attach separate sheets of paper. "NA" should be used for questions that are not applicable, ensuring clarity that all questions have been reviewed.
  • Attach required documents. Along with the affidavit, you must attach copies of two most recent pay stubs, the last three years of federal income tax returns, and all W-2 and 1099 forms. This documentation supports the financial information provided and is critical for accurate assessment.
  • Detail all sources of income. All sources of income need to be listed, whether from employment, self-employment, benefits, or any other sources. Accurate reporting helps in the fair evaluation of financial situations for decisions on child support, alimony, and other financial matters.
  • Include all monthly expenses for children, if applicable. Itemize each child's monthly expenses accurately. Only include expenses for children common to both parties, and use a monthly average for expenses that vary. Anticipated expenses should be marked clearly.
  • Provide information on child and spousal support. The affidavit requires information on any existing court-ordered child or spousal support payments. This includes amounts ordered, amounts actually paid, and any arrearages. Proof of payment should be attached.

Ensuring that the Arizona Financial Affidavit is filled out diligently and accurately facilitates a smoother process in court cases, helping to protect the interests of all parties involved.

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