Required Disclosure

Financial Affidavit in Illinois Divorce

The financial affidavit is the foundation of your divorce. Every support calculation and property division starts here. Getting it right matters.

What Is a Financial Affidavit?

A financial affidavit is a sworn statement detailing your complete financial picture: income, expenses, assets, and debts. Under Illinois Supreme Court Rule 13.3.1, both parties must exchange financial affidavits within 60 days of the respondent's appearance.

This document is signed under oath. Everything you state is subject to penalty of perjury. Courts rely on financial affidavits to calculate child support, determine maintenance, and divide marital property equitably.

What's Included

Income

Salary, wages, bonuses, commissions, self-employment, investments, rental income, and all other sources.

Expenses

Housing, utilities, food, transportation, insurance, healthcare, childcare, and discretionary spending.

Assets

Real estate, vehicles, bank accounts, investments, retirement accounts, business interests, and personal property.

Debts

Mortgages, car loans, credit cards, student loans, personal loans, and any other liabilities.

Documents You'll Need

Income Documentation

  • • Last 3 years of federal tax returns
  • • W-2s and 1099s
  • • Recent pay stubs (last 3-6 months)
  • • Business tax returns (if self-employed)
  • • K-1s from partnerships or S-corps

Asset Documentation

  • • Bank statements (all accounts)
  • • Investment account statements
  • • Retirement account statements
  • • Real estate appraisals or tax assessments
  • • Vehicle titles and valuations

Expense Documentation

  • • Mortgage or rent statements
  • • Utility bills
  • • Insurance premium statements
  • • Credit card statements
  • • Childcare and school expenses

Debt Documentation

  • • Mortgage statements
  • • Car loan statements
  • • Student loan statements
  • • Credit card balances
  • • Personal loan documents
Free Tool

Use the Financial Affidavit Wizard

Categorize expenses, estimate monthly income, and flag audit risks before you file.

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Common Mistakes to Avoid

Underreporting Income

Forgetting bonuses, stock options, rental income, or side gig earnings. Courts will find it - and penalize you for it.

Inflating Expenses

Padding monthly expenses to appear poorer. Opposing counsel will compare your stated expenses to actual bank statements.

Hiding Assets

Transferring money to friends, opening secret accounts, or "forgetting" cryptocurrency. Discovery will expose it.

Missing the Deadline

The 60-day deadline is mandatory. Missing it can result in sanctions, contempt, or adverse inferences at trial.

Need Help With Your Financial Affidavit?

An experienced attorney ensures your financial affidavit is complete, accurate, and presents your case in the best light - while staying completely truthful.

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