millebobby

A Statement of Net Worth is a crucial document in a New York divorce, providing a detailed account of a spouse's financial situation. It includes income, expenses, assets, debts, retirement accounts, and business interests. The court requires this information to determine child support, spousal support, property division, and debt allocation. To complete a Statement of Net Worth, gather financial documents and complete a form. If a spouse fails to file, the court may impose sanctions, draw adverse inferences, or prevent participation in the divorce proceedings.