Legal Definitions - income-and-expense declaration

An income-and-expense declaration is a document used in family law cases, specifically in child-support litigation. It contains information about a parent's income, assets, expenses, and liabilities. This document is also known as a financial statement.

• John and Jane are going through a divorce, and they need to determine child support payments. As part of the process, they both fill out an income-and-expense declaration to provide information about their finances.
• Samantha is seeking child support from her ex-husband. She submits an income-and-expense declaration to the court to show her financial situation and request a fair amount of support.

These examples illustrate how an income-and-expense declaration is used in family law cases to provide financial information. It helps determine child support payments and ensures that both parties are aware of each other's financial situation.