Utah Financial Declaration for Divorce: Templates & More

Guide to Filing Out the Utah Financial Declaration in a Divorce

What is a Financial Declaration?

The Utah Financial Declaration is a legal document required in divorce proceedings and other family law cases where financial determinations are necessary, such as child support, alimony, and division of property. This form provides a full disclosure of each party's financial situation to ensure fair and equitable decisions can be made by the court.

When to Use It

This declaration is used during the discovery phase of a divorce, prior to mediation, and potentially in pre-trial hearings and at trial if financial issues are at stake. Any case involving financial disputes within family law will likely require this declaration.

Preparing to Fill Out the Financial Declaration

Before filling out the Financial Declaration, you will need to gather comprehensive financial information. Required documents and details typically include:

• Personal Information: Full legal name, address, and Social Security number.
• Income Sources: Recent pay stubs, tax returns, business financial statements, and documentation of any other sources of income (e.g., rental income, dividends).
• Monthly Expenses: Detailed list of all monthly expenditures, such as mortgage or rent payments, utility bills, grocery expenses, insurance premiums, and any other recurring expenses.
• Assets: Information on all real estate, vehicles, bank accounts, investments, and valuable personal property like jewelry or art.
• Liabilities: Details of all debts such as loans, credit card balances, and mortgages.

Sections of the Financial Declaration

1. Personal Information

• Full Name and Address: Enter your full legal name and current address.
• Social Security Number and Date of Birth: Provide these details for identity verification purposes.

2. Employment Information

• Current Employer and Job Title: Detail where you are employed and what role you fill.
• Income Details: Include your gross monthly income along with any additional income like bonuses or commissions.

3. Monthly Income

• Salaries and Wages: Document all income from primary and secondary employment.
• Additional Income Sources: List any other income, such as business profits, rental incomes, dividends, or social security benefits.
• Total Monthly Income: Sum up all sources of income to report your total monthly income.

4. Monthly Expenses

• Housing Costs: Enter your rent or mortgage payments, property taxes, and home insurance premiums.
• Utility Expenses: Detail costs for electricity, water, gas, internet, and telephone services.
• Transportation Expenses: Include car payments, fuel costs, and public transit expenses.
• Insurance Premiums: List health, auto, life, and any other insurance expenses.
• Personal Expenses: Include groceries, clothing, medical expenses, educational costs, and child care expenses, if applicable.
• Total Monthly Expenses: Add all expenses to provide a total monthly expenditure figure.

5. Asset Information

• Real Estate: List all property you own, including location, market value, and amount of any outstanding mortgage.
• Vehicles: Detail each vehicle you own, its market value, and outstanding loan amounts.
• Other Assets: Declare all other significant assets such as bank accounts, stocks, bonds, and personal valuables.

6. Liabilities

• Secured Debts: Include mortgages and auto loans with creditor information and balances due.
• Unsecured Debts: List credit card debts, student loans, and other personal loans.
• Total Liabilities: Summarize the total amount of debt owed.

Completing the Form

Each section should be filled out completely and accurately, ensuring that all financial data is current and well-documented. This form must be signed and dated, and typically requires notarization before submission to the court. Accurate and thorough completion helps the court make informed decisions regarding financial matters in your case.

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