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1ANNEXUREA1(FORMAT OF AFFIDAVIT OF ASSETS, INCOME AND EXPENDITURE TO BE FILED BY THE BOTH PARTIES) AFFIDAVIT I, son of / wife of, aged about years, resident of, do hereby solemnly declare and affirm

How to fill out affidavit of assets income

How to fill out affidavit of assets income

1. To fill out the affidavit of assets income, follow these steps:
2. Obtain the affidavit form from the appropriate source, such as your employer, lawyer, or government agency.
3. Read the instructions carefully to understand the requirements and sections of the form.
4. Gather all the necessary information and documents related to your assets and income, such as bank statements, investment records, property ownership documents, and tax returns.
5. Start by providing your personal information, including your full name, address, contact details, and social security number.
6. Proceed to the section where you need to disclose your assets. List all your assets, such as real estate properties, vehicles, bank accounts, stocks, bonds, and any other valuable items you own.
7. Provide accurate and detailed information about each asset, including their current market value, purchase price, and any outstanding loans or mortgages attached to them.
8. Move on to the income section and provide a comprehensive overview of your income sources, including salary, business profits, rental income, investments, and any other sources of income.
9. Include supporting documentation for your income, such as pay stubs, tax forms, and financial statements.
10. Review the completed form carefully to ensure all information is accurate and up to date.
11. Sign and date the affidavit of assets income form in the designated section, and make copies for your records.
12. Submit the completed form to the appropriate recipient, such as your employer, court, or government agency, as per their instructions.

Who needs affidavit of assets income?

1. An affidavit of assets income may be required by different individuals or entities for various purposes. Some common examples include:
2. - Individuals applying for a loan or mortgage: Lenders may request an affidavit of assets income to assess the borrower's financial situation and ability to repay the loan.
3. - Divorcing parties: During divorce proceedings, both spouses may be required to submit an affidavit of assets income to determine the division of property and support payments.
4. - Government agencies: Certain government programs or benefits may require individuals to provide an affidavit of assets income to assess eligibility and determine the level of assistance needed.
5. - Court cases: In legal disputes involving financial matters, such as bankruptcy or probate cases, an affidavit of assets income may be required to establish the financial standing of the involved parties.
6. - Immigration applications: Individuals applying for immigration or visa purposes may be asked to submit an affidavit of assets income to demonstrate their financial solvency and ability to support themselves.
7. - Business transactions: In some business transactions, parties may require an affidavit of assets income to gain insight into the financial stability and capabilities of potential partners or clients.
8. It is important to note that the specific requirements for an affidavit of assets income may vary depending on the jurisdiction and purpose for which it is needed. It is advisable to consult the relevant authorities or legal professionals to ensure proper completion and submission of the form.

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