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A Statement of Net Worth in a New York divorce is a detailed financial affidavit that each spouse must complete. This document outlines income, assets, debts, and living expenses, providing a clear picture of each party’s financial situation. Statement of Net Worth New York Divorce It includes information on bank accounts, real estate, investments, and liabilities, as well as monthly costs like housing, utilities, and childcare. The Statement of Net Worth is essential for determining the division of assets, spousal support, and child support. It must be sworn to under oath, ensuring accuracy and transparency in the financial disclosures during the divorce proceedings.
