Affidavit Of Financial Means

Affidavit Of Financial Means Template for Singapore

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Key Requirements PROMPT example:

"I need an Affidavit of Financial Means for my upcoming divorce proceedings in Singapore, including detailed declarations of my rental property income and overseas investments, to be submitted by March 2025."

Document background

The Affidavit of Financial Means is a crucial document in Singapore's legal system, particularly in family law proceedings. It provides a detailed and sworn statement of an individual's financial position, serving as evidence in court proceedings. The document is commonly required in divorce cases, maintenance applications, and other family proceedings where financial disclosure is necessary. This affidavit must include comprehensive information about income sources, assets, liabilities, monthly expenses, and any other relevant financial information. It must be properly executed before a Commissioner for Oaths and comply with Singapore's strict legal requirements regarding format and content.

Suggested Sections

1. Personal Details: Deponent's full name, NRIC/passport number, address, and occupation

2. Purpose Declaration: Statement of the purpose for which the affidavit is being made

3. Income Declaration: Detailed breakdown of all sources of income including salary, rental income, dividends, and other income sources

4. Assets Declaration: Comprehensive list of all assets owned, including property, vehicles, investments, and personal valuable items

5. Liabilities Declaration: Complete list of all outstanding debts and financial obligations including loans, mortgages, and credit card debts

6. Monthly Expenses: Detailed breakdown of regular monthly expenditure including household, transport, and living expenses

7. Declaration of Truth: Sworn statement confirming the truth of all declarations made in the affidavit

Optional Sections

1. Dependents Information: Details of dependents and associated financial obligations, including children, elderly parents, or other dependents

2. Business Interests: Details of business ownership, shareholdings, and income derived from business interests

3. Expected Changes: Declaration of anticipated changes in financial situation, including expected income changes or major expenses

Suggested Schedules

1. Schedule A - Income Documents: Supporting documents including salary slips, tax returns, CPF statements, and other income proof

2. Schedule B - Asset Documents: Supporting documents including property titles, vehicle registration certificates, investment statements

3. Schedule C - Bank Statements: Recent statements from all bank accounts showing current balances and transactions

4. Schedule D - Liability Documents: Supporting documents including loan agreements, credit card statements, and other debt documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Legal Services
Financial Services
Family Services
Public Sector

Relevant Teams

Legal
Finance
Administration
Compliance

Relevant Roles

Family Lawyer
Legal Executive
Financial Advisor
Divorce Mediator
Court Administrator

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Authors

Alex Denne

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