What Is the Statement of Net Worth in NY?
In New York, the Statement of Net Worth is a required financial disclosure form in divorce and family law proceedings. It lists your assets, liabilities, income, and expenses, and must be filed with the court.
Do I Fill It Out as of the Date of Commencement?
Yes, the New York courts generally require the Statement of Net Worth to reflect your financial status as of the date of commencement, which is the date you file your divorce or separation papers.
Why the Date of Commencement Matters
Using the date of commencement creates a clear baseline for equitable distribution and support calculations. You must disclose all assets and debts owned on that date, including any changes that occur afterward.
Where to Find the Official Form and Guidance
You can access the current NY Statement of Net Worth form and instructions through the New York State Unified Court System website at https://www.nycourts.gov. Always verify you are using the latest version before filing.
