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PRINT STATE OF ILLINOIS))SS COUNTY OF WILL) CLEAR IN THE CIRCUIT COURT OF THE TWELFTH JUDICIAL CIRCUIT WILL COUNTY, ILLINOIS IN RE: DISSOLUTION OF PARENTAGE (Please check appropriate box) Petitioner

How to fill out financial disclosure statement

How to fill out a financial disclosure statement:

1. Gather all necessary financial documents: Before starting to fill out the financial disclosure statement, make sure you have collected all the relevant financial documents. This may include bank statements, tax returns, investment statements, property records, and any other relevant financial information.
2. Read the instructions carefully: Financial disclosure forms can vary depending on the jurisdiction or organization requiring them. It is crucial to thoroughly read and understand the instructions provided with the form. This will ensure that you provide accurate and complete information.
3. Begin with personal information: Start by entering your personal information, such as your name, address, phone number, and social security number. This information is typically required at the beginning of the form.
4. Provide details of income: Next, you will need to disclose your sources of income. This includes employment wages, self-employment income, rental income, dividends or interest from investments, and any other form of income you receive. Be sure to include accurate figures and provide supporting documentation when required.
5. Declare assets and liabilities: The financial disclosure statement typically requires you to list your assets and liabilities. Assets may include properties, vehicles, investments, savings accounts, and other valuable possessions. Liabilities include debts, mortgages, loans, and any financial obligations you may have. Be as detailed as possible and provide accurate valuations for your assets.
6. Disclose financial interests: If applicable, you may need to disclose any financial interests you have in companies, partnerships, or other business ventures. This helps identify any potential conflicts of interest.
7. Attach supporting documentation: Depending on the requirements, you may need to attach supporting documentation to your financial disclosure statement. This can include tax returns, bank statements, investment account statements, or any other documents that support the information you have provided.
8. Review and sign: Before submitting the financial disclosure statement, carefully review all the information you have entered. Double-check for any errors or omissions. Once you are confident that everything is accurate, sign and date the form as required.

Who needs a financial disclosure statement?

1. Public officials: Many public officials, such as elected officials, government employees, and appointed board members, are required to file financial disclosure statements. This is to ensure transparency and prevent conflicts of interest.
2. Employees in certain industries: Some industries, like finance or legal, may require employees to disclose their financial interests to maintain ethical standards and avoid potential conflicts of interest.
3. Individuals involved in legal proceedings: In legal proceedings such as divorce or child custody cases, parties may be required to submit financial disclosure statements. This helps determine a fair division of assets and responsibilities.
4. Nonprofit organizations: Nonprofit organizations may require board members or employees to file financial disclosure statements to ensure accountability and transparency.
5. Participants in financial transactions: In certain financial transactions, such as loan applications or investment opportunities, individuals may be required to disclose their financial information to assess their credibility and ability to fulfill their obligations.

People Also Ask about

Is financial affidavit required for uncontested divorce in Illinois?

When you are getting a divorce in Illinois, the courts require that each spouse submit a full financial disclosure in order to ensure the final divorce settlement is fair for both sides. One of the most critical documents that both parties must submit is a financial affidavit.

What is the 13.3 1 rule in Illinois?

13.3. 1 Mandatory Disclosure. When further relief is sought from the court and a material change of circumstances has occurred, an updated completed “Financial Affidavit” must be served on the other party no less than seven (7) days prior to any hearing.

What is required for a financial affidavit in Illinois?

The Financial Affidavit must be supported by documents, including your most recent: o income tax returns o pay stubs or other proof of income o bank statements o other supporting documents If your information is protected because of domestic violence or abuse, you can remove that information from the financial

What is required on an affidavit in Illinois?

An affidavit has a caption that lists the court, the case number, and the parties. It also has a signature block, or a place where you will sign and print your name, address, and phone number. Be sure to wait to sign your affidavit until you are in front of a notary public.

Do affidavits need to be notarized in Illinois?

For example, in Illinois, the rules generally require an “affidavit” be notarized, though there are specific types of affidavits to which the requirement does not apply, such as affidavits being filed in support of a motion for summary judgment or a motion for involuntary dismissal.

What is a financial affidavit in Illinois?

It provides financial information and documents to the other party and the judge. The Financial Affidavit must be supported by. documents: o. most recent income tax returns.

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What is financial disclosure statement?

A financial disclosure statement is a document that requires individuals to report their financial holdings, interests, and sources of income.

Who is required to file financial disclosure statement?

Certain public officials, government employees, and candidates for office may be required to file a financial disclosure statement.

How to fill out financial disclosure statement?

Individuals must complete the form by providing accurate and detailed information about their finances, including assets, liabilities, and sources of income.

What is the purpose of financial disclosure statement?

The purpose of a financial disclosure statement is to promote transparency and accountability by ensuring that individuals in positions of power are not influenced by their financial interests.

What information must be reported on financial disclosure statement?

Information such as income, assets, investments, debts, and gifts must be reported on a financial disclosure statement.