Affidavit Of Financial Declaration Template for England and Wales

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Key Requirements PROMPT example:

Affidavit Of Financial Declaration

"I need an Affidavit of Financial Declaration for my upcoming divorce proceedings in March 2025, including detailed disclosure of my business interests in three limited companies and multiple property investments across London."

Document background
The Affidavit of Financial Declaration serves as a crucial legal document in England and Wales, providing a comprehensive overview of an individual's financial circumstances. This sworn statement is typically required in various legal proceedings where full financial disclosure is necessary, such as divorce settlements, bankruptcy proceedings, or court-mandated financial investigations. The document must include detailed information about income, assets, liabilities, investments, and regular expenditure. As a formal affidavit, it must be sworn before an authorized person and carries serious legal consequences for false declarations under the Perjury Act 1911.
Suggested Sections

1. Declaration Header: Includes court details, case number, and parties involved

2. Personal Information: Declarant's full name, address, and occupation

3. Statement of Truth: Formal declaration of accuracy and completeness

4. Income Details: Current employment, salary, and other income sources

5. Asset Declaration: List of all assets including property, investments, and vehicles

6. Liabilities: All debts, loans, and financial obligations

Optional Sections

1. Business Interests: Details of business ownership or shareholdings - include when declarant has business interests

2. Pension Information: Details of pension arrangements - include when declarant has pension schemes

3. Dependent Information: Details of financial dependents - include when declarant has financial dependents

Suggested Schedules

1. Bank Statements: Recent statements from all accounts

2. Property Valuations: Professional valuations of declared properties

3. Tax Returns: Recent tax returns and assessments

4. Supporting Documents: Any additional evidence supporting financial declarations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Civil Procedure Rules: Key sections include Part 22 (Statements of Truth) and Part 32 (Evidence), along with Practice Direction 32, which govern how evidence is presented and verified in court proceedings

Commissioners for Oaths Act 1889: Establishes requirements for proper execution of affidavits and defines the role of authorized persons who can administer oaths

Family Procedure Rules 2010: Contains Part 22 regarding Financial Information and Form E (Financial Statement) requirements, specifically relevant for family proceedings

Perjury Act 1911: Outlines legal consequences and criminal liability for making false statements in sworn documents

Data Protection Act 2018 and UK GDPR: Governs the handling of personal financial information and privacy considerations in financial declarations

Matrimonial Causes Act 1973: Specifies financial disclosure requirements and court powers regarding financial matters in divorce proceedings

Court of Protection Rules 2017: Contains specific requirements for financial declarations involving protected parties

Mental Capacity Act 2005: Addresses capacity issues in making declarations and requirements for deputies/attorneys when relevant

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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