In a divorce, what should a CDFA ensure regarding the financial affidavit submitted?

In a divorce, what should a CDFA ensure regarding the financial affidavit submitted?

• A. All documents must be notarized
• B. It must contain only verified information
• C. It doesn’t require attorney review
• D. Only income must be reported

Answer: (B)

A financial affidavit is a critical document in the divorce process, as it outlines a party's financial situation and must be accurate and truthful. Ensuring that the affidavit contains only verified information is essential because it forms the basis for financial negotiations, asset division, and determination of support obligations. If any information provided is false or unverified, it could lead to serious consequences, including legal repercussions and an unfair distribution of assets. Therefore, a CDFA plays a crucial role in reviewing the affidavit to help ensure that all financial data, including income, expenses, assets, and liabilities, are accurately represented. This adherence to verified information promotes transparency and fairness in the divorce proceedings, enabling both parties to make informed decisions based on reliable data.

A financial affidavit is a critical document in the divorce process, as it outlines a party's financial situation and must be accurate and truthful. Ensuring that the affidavit contains only verified information is essential because it forms the basis for financial negotiations, asset division, and determination of support obligations.

If any information provided is false or unverified, it could lead to serious consequences, including legal repercussions and an unfair distribution of assets. Therefore, a CDFA plays a crucial role in reviewing the affidavit to help ensure that all financial data, including income, expenses, assets, and liabilities, are accurately represented. This adherence to verified information promotes transparency and fairness in the divorce proceedings, enabling both parties to make informed decisions based on reliable data.