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Necessary Forms

Home > Necessary Forms

The Importance Of a Financial Affidavit and Mandatory Disclosure Rule 12.285

Particularly in the area of Family Law, the Mandatory Disclosure Rule 12.285, is probably one of the most used and most important rules governing the variety of legal decisions people need. Each party in litigation is required to give a full and detailed account of their entire financial situation, which will include income, assets, debts, and liabilities. All information provided must be backed up with proof and the final financial affidavit signed, witnessed, and notarized. And, should information be intentionally left out or be untruthful, there will be serious consequences to the offending party. For example, in a prenuptial agreement...

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