Net Worth Statement Form PDF Details

When individuals find themselves navigating the complexities of financial disclosures in a legal context, such as during divorce proceedings, the Net Worth Statement form becomes an indispensable tool. Revised as of January 22, 2001, this document serves a pivotal role in the legal process by providing a comprehensive snapshot of one's financial situation, encompassing all assets, liabilities, income sources, and significant asset transfers. Specifically tailored to meet the requirements of DRL §236, the form requires meticulous attention to detail, mandating participants to declare everything from familial data—including the number of dependent children and details regarding alimony or child support—to a detailed breakdown of expenses ranging from housing and utilities to educational costs and recreational spending. The requirement to list expenses and income not only on a monthly but also on a weekly basis (with specified calculations for conversion) underscores the form's emphasis on precision and thoroughness. Furthermore, the inclusion of details on educational background, health status, and even household help highlights its comprehensive nature, designed to paint a full picture of one's financial health and obligations in the context of legal proceedings. This form, therefore, stands as a critical document for ensuring fairness and accuracy in financial disclosures, impacting decisions on asset division, maintenance, and support in a legal setting.

QuestionAnswer
Form NameNet Worth Statement Form
Form Length18 pages
Fillable?No
Fillable fields0
Avg. time to fill out4 min 30 sec
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Form Preview Example

 

Revised 1/22/01

 

COURT

COUNTY OF

Index No.

 

Plaintiff,

STATEMENT OF NET WORTH

– against –

 

 

 

(DRL §236)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defendant.

Date of commencement of action

Complete all items, marking "NONE," "INAPPLICABLE" AND "UNKNOWN," if appropriate

STATE OF

COUNTY OF

SS.:

, the

(Petitioner) (Respondent) (Plaintiff) (Defendant) herein, being duly sworn,

deposes and says that the following is an accurate statement as of

 

 

,

of my net worth (assets of whatsoever kind and nature and wherever situated minus liabilities), statement of income from all sources and statement of assets transferred of whatsoever kind and nature and wherever situated:

I.FAMILY DATA:

(a)

Husband's age

 

 

 

 

(c)

Date married

(b)

Wife's age

 

 

 

 

(d)

Date (separated) (divorced)

(e)

Number of dependent children under 21 years

 

 

 

 

 

 

(f)

Names of children

 

Ages

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(g)

Custody of Children

 

Husband

 

Wife

 

 

 

Joint

 

(h)

Minor children of prior marriage:

 

Husband

 

Wife

 

 

 

 

 

 

(i)

Husband (paying) (receiving) $

 

 

 

as alimony (maintenance) and/or $

child support.

 

Wife

(paying) (receiving) $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

as alimony (maintenance) and/or $

child support.

 

 

 

 

(j)

Custody of children of Husband's prior marriage:

 

 

 

Custody of children of Wife's prior marriage:

 

Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(k)

Is marital residence occupied by

 

Husband

 

Wife

 

 

 

Both

 

(l)Husband's present address Wife's present address

(m)Occupation of Husband Occupation of Wife

(n)Husband's employer

(o)Wife's employer

(p)Education, training and skills (Include dates of attainment of degrees, etc.) Husband

Wife

(q)Husband's health

(r)Wife's health

(s)Children's health

II.EXPENSES: (You may elect to list all expenses on a weekly basis or all expenses on a monthly basis, however, you must be consistent. If any items are paid on a monthly basis, divide by 4.3 to obtain weekly payments; if any items are paid on a weekly basis, multiply by 4.3 to obtain monthly payment. Items included under "Other" should be listed separately with separate dollar amounts.)

Expenses listed:

Weekly

Monthly

 

Type of Expense

Description

 

Amount

 

 

 

 

 

(a)

Housing

Rent

 

 

 

 

 

 

Mortgage and amortization

 

 

 

 

 

 

Real estate taxes

 

 

 

 

 

 

Condominium charges

 

 

 

 

 

 

Cooperative apartment maintenance

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

Housing Total

 

 

 

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

 

 

 

(b)

Utilities

Fuel oil

 

 

 

 

 

 

Gas

 

 

 

 

 

 

Electricity

 

 

 

 

 

 

Telephone

 

 

 

 

 

 

Water

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

Utilities Total

 

 

 

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

 

 

(c) Food

Groceries

 

 

 

Number of dependents

School lunches

 

 

 

Lunches at work

 

 

 

including self:

 

 

 

 

 

 

 

 

Liquor/alcohol

 

 

 

 

 

 

Home entertainment

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

Food Total

 

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

(d) Clothing

Husband

 

 

 

Number of dependents

Wife

 

 

 

Children

 

 

 

including self:

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

Clothing Total

 

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

 

(e)

Laundry

Laundry at home

 

 

 

Number of dependents

Dry cleaning

 

 

 

Other

 

 

 

including self:

 

 

 

 

 

 

 

 

 

Laundry Total

 

2

 

Type of Expense

Description

Amount

 

 

 

 

(f)

Insurance

Life

 

 

 

Homeowner's/tenant's

 

 

 

Fire, theft and liability

 

 

 

Umbrella policy

 

 

 

Medical plan

 

 

 

Dental plan

 

 

 

Optical plan

 

 

 

Disability

 

 

 

Workers' Compensation

 

 

 

Other

 

 

 

Insurance Total

 

 

 

 

 

 

Type of Expense

Description

Amount

 

 

 

(g) Unreimbursed

Medical

 

 

Medical

Dental

 

 

 

Optical

 

 

 

Pharmaceutical

 

 

 

Surgical, nursing, hospital

 

 

 

Other

 

 

 

Unreimbursed Medical Total

 

 

 

 

 

 

Type of Expense

Description

Amount

 

 

 

(h) Household

Repairs

 

 

Maintenance

Furniture, furnishings, housewares

 

 

 

Cleaning supplies

 

 

 

Appliances, including maintenance

 

 

 

Painting

 

 

 

Sanitation/carting

 

 

 

Gardening/landscaping

 

 

 

Snow removal

 

 

 

Extermination

 

 

 

Other

 

 

 

Household Maintenance Total

 

 

 

 

 

 

Type of Expense

Description

Amount

 

 

 

 

(i)

Household Help

Babysitter

 

 

 

Domestic (housekeeper, maid, etc.)

 

 

 

Nurse

 

 

 

Other

 

 

 

Household Help Total

 

3

 

Type of Expense

Description

 

Amount

 

 

 

 

 

 

 

 

 

(j)

Automotive

Payments

 

 

 

Vehicle # 1

Gas and oil

 

 

 

Repairs

 

 

 

Year:

 

 

 

 

 

 

 

Make:

 

 

 

 

Car wash

 

 

 

 

 

 

 

 

Registration and license

 

 

 

Personal:

 

 

Parking and tolls

 

 

 

Business:

 

 

Insurance

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments

 

 

 

Vehicle # 2

Gas and oil

 

 

 

Repairs

 

 

 

Year:

 

 

 

 

 

 

 

Make:

 

 

 

 

Car wash

 

 

 

 

 

 

 

 

Registration and license

 

 

 

Personal:

 

 

Parking and tolls

 

 

 

Business:

 

 

Insurance

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Automotive Total

 

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

 

(k)

Educational

Nursery and pre-school

 

 

 

 

 

 

 

 

Primary and secondary

 

 

 

 

 

 

 

 

College

 

 

 

 

 

 

 

 

Post-graduate

 

 

 

 

 

 

 

 

Religious instruction

 

 

 

 

 

 

 

 

School transportation

 

 

 

 

 

 

 

 

School supplies/books

 

 

 

 

 

 

 

 

Tutoring

 

 

 

 

 

 

 

 

School events

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

Educational Total

 

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

 

(l)

Recreational

Summer camp

 

 

 

 

 

 

 

 

Vacations

 

 

 

 

 

 

 

 

Movies

 

 

 

 

 

 

 

 

Theatre, ballet, etc.

 

 

 

 

 

 

 

 

Video rentals

 

 

 

 

 

 

 

 

Tapes, CD's, etc.

 

 

 

 

 

 

 

 

Cable television

 

 

 

 

 

 

 

 

Team sports

 

 

 

 

 

 

 

 

Dining out

 

 

 

 

 

 

 

 

Country club/pool club

 

 

 

 

 

 

 

 

Health club

 

 

 

 

 

 

 

 

Sporting goods

 

 

 

 

 

 

 

 

Hobbies

 

 

 

(continued on next page)

Music/dance lessons

 

 

4

Type of Expense

Description

 

Amount

 

 

 

 

(l) Recreational

Sports lessons

 

 

(Continued)

Birthday parties

 

 

 

 

 

 

Other

 

 

 

Recreational Total

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

(m) Income Taxes

Federal

 

 

 

State

 

 

 

City

 

 

 

Social Security and Medicare

 

 

 

Income Taxes Total

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

(n) Miscellaneous

Beauty parlor/barber

 

 

 

Beauty aids/cosmetics, drug items

 

 

 

Cigarettes/tobacco

 

 

 

Books, magazines, newspapers

 

 

 

Children's allowances

 

 

 

Gifts

 

 

 

Charitable contributions

 

 

 

Religious organization dues

 

 

 

Sunday School

 

 

 

Diaper service

 

 

 

Union and organization dues

 

 

 

Commutation and transportation

 

 

 

Veterinarian/pet expenses

 

 

 

Child support payments (prior marriage)

 

 

 

Alimony and maintenance payments (prior marriage)

 

 

 

Loan payments

 

 

 

Unreimbursed business expenses

 

 

 

Miscellaneous Total

 

 

 

 

 

 

Type of Expense

Description

 

Amount

 

 

 

 

(o) Other

 

 

 

 

 

 

 

 

 

 

 

 

Other Total

 

 

 

Total Expenses:

 

 

5