Who is ultimately responsible for ensuring accuracy in the financial affidavit?

The client holds the ultimate responsibility for ensuring the accuracy of the financial affidavit. In the context of divorce proceedings, the financial affidavit is a critical document that provides detailed information about a person’s financial status, including income, expenses, assets, and liabilities. While attorneys and financial professionals, such as CDFA analysts, play essential roles in assisting clients with the preparation and review of these documents, the onus is on the client to provide truthful and accurate information.

Clients are the ones who have direct knowledge of their finances and are responsible for disclosing all relevant financial information accurately. If inaccuracies occur, it can lead to significant consequences, including legal repercussions or unfair settlements. Thus, despite the guidance and assistance that attorneys and financial professionals can offer, the ultimate accuracy of the financial affidavit rests with the client.