Get the free Sworn Statement of Assets, Liabilities and Net Worth

This document is required by R.A. 6713 for public officials and employees to declare their assets, liabilities, net worth, business interests, and financial connections. It includes sections for joint or separate filing by a married couple, as well as detailing assets and liabilities of the declarant and their spouse or children.

How to fill out sworn statement of assets

How to fill out sworn statement of assets

1. Begin by obtaining the sworn statement form from the appropriate authority or legal body.
2. Review the instructions carefully to understand what information is required.
3. Fill in your personal details, including your full name, address, and contact information.
4. Declare all your assets, categorizing them into sections such as real estate, personal property, bank accounts, investments, and other financial assets.
5. Provide detailed descriptions for each asset, including location, estimated value, and current status.
6. Include any liabilities or debts you have, as this provides a full financial picture.
7. Review your completed statement for any errors or omissions.
8. Sign the statement in the presence of a notary public to validate the document.
9. Submit the sworn statement to the relevant authority or keep it for your own records as required.

Who needs sworn statement of assets?

1. Individuals applying for government positions or public office.
2. Civil servants required to declare their assets for transparency.
3. Individuals undergoing divorce proceedings to disclose financial status.
4. Participants in certain legal proceedings or court cases.
5. Those applying for loans or financial assistance that necessitate a full financial disclosure.

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What is sworn statement of assets?

A sworn statement of assets is a legal document in which an individual declares their assets, liabilities, and net worth, often under oath, to provide transparency and accountability regarding their financial status.

Who is required to file sworn statement of assets?

Typically, public officials, government employees, and individuals in specific positions or professions mandated by law are required to file sworn statements of assets as part of compliance with transparency regulations.

How to fill out sworn statement of assets?

To fill out a sworn statement of assets, one must accurately report all assets and liabilities, provide necessary documentation, and ensure the information is complete and truthful. It often requires listing real properties, bank accounts, investments, and debts.

What is the purpose of sworn statement of assets?

The purpose of a sworn statement of assets is to promote integrity and transparency in financial matters, prevent corruption, and allow for public scrutiny of the financial disclosures of individuals in positions of trust.

What information must be reported on sworn statement of assets?

Information that must be reported includes details regarding real estate holdings, bank accounts, stocks, bonds, personal property, liabilities such as loans and mortgages, and overall net worth.