Florida Financial Affidavit Short Form (12.902 B)

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Florida Financial Affidavit Short Form (12.902 B)

A financial affidavit is a form for calculating a person’s personal spending in various areas of life. In fact, this is a detailed list of your daily expenses provided in the appropriate sectors. To fill out form 12.902(b), you will need a checkbook, receipts, and a bank statement as well as an approximate personal calculation of smaller expenses.

Do you want to know how to fill out a family law financial affidavit form correctly? Read our review. It covers the circumstances when the form is in demand and not in demand. The text also contains formal requirements for the form and rules for filing with a clerk. At the end of the article, you will find detailed tips for filling out the printable affidavit form.

What is a Financial Affidavit?

Lawyers make extensive use of the Florida Financial Affidavit in family law cases. The statement is especially true in cases of divorce, alimony, and changes concerning alimony payments. As you can see, these are situations when the court really needs to know the financial capabilities of the payer. Thus, the financial affidavit is necessary for the financial testimony of the parties involved in the lawsuit.

Please note that there are two varieties of the form. You need to fill out a suitable one. Otherwise, you will have to rewrite the application. Select the paper according to your total annual income. If you earn less than $50,000 a year, fill out a short form; if your income is more than that amount, use a lengthy affidavit. This overview covers the structure and rules of filling out the Florida financial affidavit short form. Hence it is useful for people with an income under $ 50,000 per year.

The Florida Statutes provide more detailed information on how the financial affidavit is applicable and provide a legal justification for the form’s validity. For information about child support, you can see Title VI “Civil Practice and Procedure,” Chapter 61, Section 8. Information on the use of the financial affidavit in the divorce process is disclosed in Section 125 of the same chapter, which deals with parental control. To learn more about the legal background of the family law financial affidavit, see the other sections of Chapter 61.

When You Do Not Use Form 12.902 (b)

Please note that the form has instructions inside. It is a short guide that provides a few comments but does not contain detailed information on how to fill out the application. The instructions have a warning when you don’t use the form. These are the following cases:

  • Both Spouses Declined to File a Financial Affidavit

The parties may exercise this right if the judge conducts divorce proceedings in accordance with rule 12.105. It is a simplified divorce procedure applied when the spouses do not have underage children and agree on the division of property between each other. Simply put, the affidavit is unnecessary if the spouses do not need a third party to settle issues on the division of property.

  • Divorce Process Does not Affect Minors

In relation to minor children, this situation is a special case of simplified divorce. Since the financial affidavit is needed to compile the amount of alimony payments, this paper is not required if there is no reason for alimony. In financial matters that do not concern child support, the spouses can file a settlement agreement that indicates a successful solution to financial issues.

  • Court Does not Decide Financial Issues

The local court does not deal with financial matters in relation to divorce proceedings or other matters related to payments.

If your divorce case does not fit any of these three situations and, on the contrary, meets the requirements of the previous section of this article, you need to fill out the Florida financial affidavit short form. Below you will find two sections that cover the formal rules of dealing with a document and explain in detail how to fill out the paper.

Formal Requirements for the Affidavit

There are some simple but strict official rules for filling out the form. We present these requirements before the actual complete guide, which reveals the information aspect. The formal rules go ahead so that you know how to fill out the document so that it is accepted as well as where to submit the paper. So, do the following:

  • Fill out the form electronically or by hand in black ink only

Please note that even if you fill out everything correctly, the court may refuse to consider the form if you used blue or colored ink.

  • Submit the form via e-service

Applicants must submit all documents, except for certain circumstances, electronically in Florida (this is indicated in the instructions to the form). You can submit the paper by email or through the Florida Official Portal. So you have two ways to either print out the document, fill it out, and make a scan or complete the sections immediately in electronic form. The second option is much easier and more convenient, so use our online constructor to prepare legal forms.

  • Make a copy

Before submitting the financial affidavit form, make a copy for your needs. You may need to notarize it in order to use it in your case.

  • File it in the circuit court

File your application with the exact district court office where you filed for divorce. Please be careful with this because if the documents are located in different offices, the case may be suspended. At any rate, the financial affidavit will not be attached to the case if it is filed somewhere else.

Now that you know how to fill out formally and where to submit the financial affidavit see the detailed instructions on how to fill out the form.

How to Fill Out the Financial Affidavit

Both spouses typically fill out a financial affidavit since the court takes into account each party’s need for alimony, as well as the paying capacity of each of the parties. The form includes a header and six sections. Let’s analyze the content and requirements in sequence.

Fill in the Document Header

Enter the relevant data on the line about the circuit court location and the state. Below, identify the Petitioner (the person who submits the application and signs it) and the Respondent (your spouse). The clerk usually fills in the case number and division information.

step 1 fill in the document header - filling out a florida financial affidavit short form

Indicate Your Name and Place of Work

Enter the initial data, such as your full name. Fill in the lines regarding your work, if you are employed, or indicate that you are unemployed. Once again, please note that this form is for those who receive less than $50,000 in total annual income.

step 2 indicate your name and place of work - filling out a florida financial affidavit short form

Determine Your Monthly Income

The first section of the financial affidavit requires data on the person’s monthly earnings. Please note that you must specify exactly the monthly income (this requirement is written in bold under the section heading). If you receive any type of income, whether it is a salary, pension, or compensation, for the amount of work less or more than one month, you must convert these bills into monthly income. Please enter the amounts according to the types of income.

step 3 determine your monthly income - filling out a florida financial affidavit short form

The form instructions describe in detail how to do this. It is a simple calculation. For example, if you get paid for an hour of work, multiply this amount by the number of working hours per week. Then multiply by 52 – the number of weeks in the year. Then divide this number by 12, and you will get the desired number, which you will enter on the line.

Do not miss to fill in line 17, indicating the total income for the month.

Specify Monthly Deduction

This part of the first section indicates such mandatory expenses as taxes of various levels, medical insurance and treatment, current alimony if any, and other types of mandatory contributions. Please note that you also need to count for one month.

step 4 specify monthly deduction - filling out a florida financial affidavit short form

To fill in line 26, add up all the previous deductions. In line 27, enter your net income, that is, after deducting all taxes and other expenses.

Indicate Current Additional Outlay

The second section covers the implied regular costs. These are detailed expenses for the maintenance of an apartment and car service, providing for children, and contributions to medical insurance. You also need to specify such basic outlay as buying clothes, gifts, and contributions to religious organizations. The final subsection requires you to specify the credit contributions if any.

step 5 indicate current additional outlay - filling out a florida financial affidavit short form

Such a detailed description is necessary for the judge to let them understand your real financial circumstances. Since the final court decision on the finance distribution will depend on this data too, try to fill in the lines as fully and truthfully as possible. Remember the expenses that are not mentioned in the subsection lists, if any, and enter them in the “Other” line.

Do not miss out on calculating the average monthly expenses for line 28 at the beginning of the next page.

Make Intermediate Calculations

Move the corresponding numbers to lines 29 and 30 and make calculations for the two following lines according to the instructions in parentheses.

step 6 make intermediate calculations - filling out a florida financial affidavit short form

Determine Non-Divided Property, if any

The third section deals with property or debt that, in your opinion, belongs only to one of the spouses and should not be divided after the divorce. Usually, this is an extramarital property that was acquired before the marriage.

Check the box according to the type of property and its owner (Petitioner or Respondent). The first subsection covers information on acquisitions.

step 7.1 determine non-divided property, if any - filling out a florida financial affidavit short form

The second subsection concerns debts and collateral.

step 7.2 determine non-divided property, if any - filling out a florida financial affidavit short form

The third subsection discloses information on potential profits or losses. If you have any ideas about your financial future, define them here.

step 7.3 determine non-divided property, if any - filling out a florida financial affidavit short form

Again, calculate the total amount for each table.

Specify on the Alimony Sheet

Check one of the options to see if the child support form will be completed (or has already been completed) or if it is not required in this case.

step 8 specify on the alimony sheet - filling out a florida financial affidavit short form

Confirm Sending the Copy

Specify how you sent a copy of this document to the other party and have them confirm receipt.

step 9 confirm sending the copy - filling out a florida financial affidavit short form

Certify the Document

Set the date and enter all your full identification data.

step 10 certify the document - filling out a florida financial affidavit short form

The most recent form is filled out only if someone helped the Petitioner fill out the form, so that if not, the Petitioner completed the financial affidavit with their own hand. Here you need to enter the data of the person who did this for the applicant.

Conclusion

Thus, the family law financial affidavit form is in demand in various court cases related to financial court decisions. You may need to fill out the paper for divorce for child support, in other cases for the payment of court costs, and so on.

There are various cases in which this form is involved, but everywhere it is important to know how to fill it out without mistakes. Since, as a rule, the form 12.902(b) is only a part of the overall package, errors can delay the progress of the case. Therefore, to fill out the document quickly and accurately, use our online form builder.