The Affidavit of Net Worth is a critical legal document in the Malaysian legal system, primarily used in situations requiring comprehensive financial disclosure. This sworn statement is commonly required in divorce proceedings, bankruptcy cases, financial disputes, and other legal matters where a complete understanding of an individual's financial position is necessary. The document must comply with the Statutory Declarations Act 1960 and be sworn before a Commissioner for Oaths. It includes detailed information about the deponent's assets, liabilities, income sources, and regular expenses, providing a complete picture of their financial status. The affidavit serves as a formal record that can be relied upon by courts, financial institutions, and other relevant parties, with serious legal consequences for false or misleading declarations.
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1. Identification and Oath: Personal details of the deponent and formal oath statement as required under Malaysian law
2. Employment Information: Current employment status, employer details, and occupation
3. Income Statement: Detailed breakdown of all sources of income including salary, bonuses, dividends, and other revenue streams
4. Assets: Comprehensive list of all assets including real estate, vehicles, bank accounts, investments, and personal property
5. Liabilities: All debts and financial obligations including mortgages, loans, credit cards, and other payables
6. Monthly Expenses: Detailed breakdown of regular monthly expenditures including household expenses, utilities, insurance, and other recurring costs
7. Declaration of Truth: Formal statement affirming the truthfulness and completeness of the information provided
1. Business Interests: Details of ownership in businesses or professional practices, used when the deponent has business holdings
2. Trust Interests: Information about trust benefits or trustee positions, included when the deponent is involved in trust arrangements
3. Pending Claims or Lawsuits: Details of any ongoing litigation that could affect financial position
4. Foreign Assets: Declaration of assets held outside Malaysia, included when applicable
5. Cryptocurrency Holdings: Details of digital asset holdings, included when the deponent owns cryptocurrency or digital assets
6. Anticipated Changes: Description of expected significant changes in financial situation, included when relevant
1. Schedule A - Real Estate: Detailed listing of all real estate properties including purchase price, current value, and encumbrances
2. Schedule B - Bank Accounts: Comprehensive list of all bank accounts with account numbers and current balances
3. Schedule C - Investment Portfolio: Detailed breakdown of stocks, bonds, mutual funds, and other investments
4. Schedule D - Vehicle Information: Details of all vehicles owned including make, model, year, and value
5. Schedule E - Personal Property: Itemized list of valuable personal property including jewelry, art, and collectibles
6. Schedule F - Insurance Policies: List of all insurance policies including life, health, and property insurance
7. Appendix 1 - Supporting Documents: Copies of relevant financial statements, property valuations, and other supporting documentation
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