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ST. MARY COUNTY ETHICS COMMISSION ANNUAL FINANCIAL DISCLOSURE STATEMENT (FORM 3) Regular Reporting Period: January 1 through December 31, or Termination Report: January 1 through, PART I. IDENTIFYING

How to fill out form 3 financial disclosure

How to fill out form 3 financial disclosure:

1. Gather all necessary financial information: Before starting to fill out form 3 financial disclosure, it is important to gather all relevant financial documents and information. This may include bank statements, investment statements, tax returns, pay stubs, and any other financial records that are required to accurately complete the form.
2. Begin with personal information: The form will require you to enter personal information, such as your name, address, and Social Security number. Make sure to provide accurate and up-to-date information in these sections.
3. Declare all sources of income: On form 3 financial disclosure, you will need to declare all sources of income. This may include salary, wages, dividends, rental income, or any other income you receive. Provide detailed information about each income source, including the amount and frequency.
4. List your assets: The form will require you to disclose your assets, such as real estate properties, vehicles, bank accounts, investments, and any other valuable belongings. Provide specific details for each asset, including the estimated value and any outstanding loans or liabilities associated with them.
5. Disclose your debts and liabilities: It is crucial to fully disclose all debts and liabilities on form 3 financial disclosure. This may include mortgages, credit card debts, student loans, or any other financial obligations. Include the name of the creditor, the outstanding balance, and the payment terms for each debt.
6. Provide information about your spouse or partner: If applicable, you will need to provide information about your spouse or partner's financial situation. This may include their income, assets, and liabilities. Make sure to provide accurate and complete information about their financial affairs as well.

Who needs form 3 financial disclosure:

1. Individuals going through a divorce: Form 3 financial disclosure is commonly required during divorce proceedings to ensure a fair division of assets and liabilities. Both parties involved in the divorce will need to complete this form to disclose their financial information.
2. People involved in legal proceedings: In some legal cases, such as child support or spousal support hearings, form 3 financial disclosure may be required to determine an individual's financial capabilities. This helps in assessing their ability to provide financial support.
3. Applicants for government financial assistance: Some government programs or subsidies may require applicants to complete form 3 financial disclosure to assess their eligibility for financial assistance. This helps determine the individual's financial need and whether they meet the program's criteria.

Remember, the specific requirements for form 3 financial disclosure may vary depending on the jurisdiction or purpose for which it is being used. It is important to carefully review the instructions and guidelines provided with the form to ensure accurate and complete disclosure.

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