Use This Form If:

• Individuals who are in the process of divorce will need to complete the Financial Statement to ensure both parties have a clear understanding of their financial situations. This form serves as a crucial document that outlines income, expenses, assets, and liabilities, which can significantly impact the divorce settlement.
• Situations requiring a marital settlement agreement often necessitate the use of this Financial Statement. By providing a comprehensive overview of each spouse's financial circumstances, it helps facilitate negotiations and ensures that both parties are making informed decisions regarding asset division and support obligations.
• To comply with District of Columbia divorce laws, both spouses must disclose their financial information accurately. This Financial Statement is essential in establishing transparency and accountability, which can help prevent disputes and misunderstandings during the divorce process.
• For those seeking to finalize their divorce, the Financial Statement becomes a permanent part of the marital settlement agreement and final divorce papers. It is vital for ensuring that all financial disclosures are documented and acknowledged by both parties, thus protecting their interests.
• Couples who have significant assets or complex financial situations will find this form particularly useful. The Financial Statement aids in detailing each party's economic status, which is critical for equitable distribution of property and potential spousal support.