Couples with children who are going through a divorce must either come to an agreement about parental responsibilities, property division, and child support or abide by the decision of a family court. In order to gain a complete and accurate picture of a couple’s finances, however, the court will require each party to complete an in-depth financial affidavit. Failing to provide correct information can significantly delay divorce proceedings, which also increases costs, so if you are thinking about filing for divorce, it is important to contact an experienced Berwyn divorce attorney who can ensure that you complete all necessary paperwork by the appropriate deadlines.
The financial affidavit must also be supported by specific evidence, such as:
This information must be provided to the other party and to the court no more than 30 days after the initial petition was filed.
To complete the affidavit, both parties must calculate their respective incomes. Those who are not paid monthly will need to convert their income, by taking the amount they earn per week and multiplying it by 52 before dividing it by 12. Aside from calculating regular employment earnings, such as wages and salaries, the parties must also include the following types of income:
Each spouse must then calculate his or her expenses, which include:
All debts must also be recorded on the financial affidavit, including the following information:
Finally, the couple’s assets must be recorded, including:
Based on these totals, the court will then allocate child support and divide marital property as it deems appropriate.
At the Arami Law, we have experience handling all types of divorce-related issues, including those involving the division of marital property. If you live in Berwyn and have concerns about your spouse’s reporting of assets or income, please contact a member of our legal team by calling (312) 212-1399 or by completing one of our standard contact forms and we’ll help you set up a consultation.
I interviewed almost a dozen attorneys before settling on Kourosh and his team at Arami Law. Every attorney a met with immediately jumped to how much they could get for me, boasting about how they could help me do X or Y to my soon to be former spouse with their legal prowess. Instead, when I met with Kourosh, he asked me what happened and how I wanted to handle my divorce, which was, admittedly, unconventional in the sense that I wanted to do what would let me sleep well at night which was much less than what I could...
Kourosh Arami was there when I needed him. He fought hard to make sure that I was treated fairly and always took time to explain what was going on and why. I highly recommend him to anyone who needs a lawyer that will fight for you.
Arami Law helped me throughout a difficult process. Easy to work with digital payments. Highly recommended
Arami Law handled my international divorce with professionalism and courtesy. They were objective and honest in their interactions with me. I had wanted to waive maintenance and share parenting, and went in fully expecting a push back from legal counsel. Kourosh and Paige were fantastic and completely understanding of where I came from. In much less time than I hear these cases take, we were able to secure our divorce and move on to better conversations.
Mr. Arami has been succesfully representing me in a child support issue. I hope to use him for representation in the future if needed.
I have had a recent experience working with Mr Arami, I found him an intelligent, compassionate and a seasoned professional. He does listen to his clients and make sure he is always available for their help. I would highly recommend Mr Arami.
Arami Law represented me in my divorce and they did an outstanding job. They are very knowledgeable and understand fathers' rights. They fought for me to make sure I retain all of my custodial rights. Even the judge in the case complimented them in their professionalism. They made themselves available day and night and even on the weekends. I could not recommend them more.
Legal issues are never easy, so needless to say that having a knowledgeable team on your corner is very much needed. Mr. Arami and his staff are exactly that. He has remained a text/call away from the start. He has handled my very complex yet delicate matter extremely well, I couldn’t be more satisfied. Thank you very much Mr. Arami.
He is honest when he gives you advice. The advice he gave me was to save money, time, and to have a better outcome in my case. I had to go to court for a second time and chose him again.
Kourosh is literally the best attorney ever I highly recommend anyone that is looking for the best attorney to hire him ! he works so hard and very professional, he will keep you updated on everything that is going on and also he’s always available when you need him including weekends. He finalized my case with the outcome that i wanted. Thank you Arami law you deserve more than just 5 stars !