05/09/2012 05:46 pm ET

The Five Key Points Divorcing Women Need To Know About Financial Affidavits

At first, the idea sounds simple enough. In all contested (and some uncontested) divorces, the Courts require each spouse to file what’s called a “Financial Affidavit,” a formal document that details the typical financial factors that play a role in every marriage: how much you earn (income), how much you spend (expenses), how much you own (assets), how much you owe (liabilities/debt), etc.

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