What Is a Fillable Statement of Net Worth in New York
A fillable Statement of Net Worth is a sworn financial disclosure form used in New York courts and by state agencies to report assets, liabilities, income, and expenses. The New York State Unified Court System provides fillable PDF versions of the Net Worth Statement for divorce, child support, spousal maintenance, and certain bankruptcy or fiduciary proceedings. The form requires exact dollar amounts for real estate, bank accounts, retirement accounts, business interests, vehicles, and debts, and it must be signed under penalty of perjury.
New York courts use the Statement of Net Worth to assess financial eligibility, set support obligations, and divide marital property equitably. The form is part of the mandatory financial disclosure package in Supreme Court and Family Court actions. Filers must list all accounts, including those held outside New York, and attach supporting documents such as bank statements, tax returns, and brokerage statements. Incomplete or inaccurate disclosures can lead to sanctions, case delays, or adverse inferences by a judge.
Who Must File a Statement of Net Worth in New York
Parties to divorce, separation, annulment, or child support cases in New York Family Court or Supreme Court typically must file a Statement of Net Worth. The requirement applies to both petitioners and respondents, and it extends to any party seeking or responding to maintenance or equitable distribution claims. In cases involving business ownership, trusts, or complex investment portfolios, filers must also submit detailed schedules and appraisals.
Beyond family law, certain fiduciary proceedings, guardianship matters, and probate cases in New York Surrogate's Court may require a net worth disclosure. Corporate officers or trustees under New York Banking Law and Estates, Powers and Trusts Law may also file net worth statements when seeking court approval for transactions or accountings. The New York State Department of Financial Regulation may request net worth statements for license applications or compliance reviews in specific financial services contexts.
How to Complete the Fillable Statement of Net Worth Form
To complete the fillable Statement of Net Worth, visit the New York State Unified Court System website and download the latest version of the form in PDF or interactive format. The form asks for personal information, employment details, monthly income and expenses, and a comprehensive list of assets and liabilities. Each asset and liability must include a current market value or balance, the date of valuation, and the source of the value.
Attach supporting documents such as recent bank statements, brokerage account confirmations, mortgage statements, vehicle titles, and business valuation reports. The New York courts require that the values reflect a current snapshot, typically within 30 to 60 days of filing. For complex assets such as closely held business interests or real estate, filers may need to provide independent appraisals or CPA-prepared financial statements. The completed form and attachments are filed with the court and served on all parties in the case.
Key Sections of the Form
Income and Expenses
The form requires a detailed breakdown of gross monthly income from all sources, including wages, self-employment, rental income, dividends, and benefits. Monthly expenses must include housing costs, utilities, food, transportation, insurance, and debt payments. The difference between income and expenses is used by the court to assess ability to pay support or maintenance.
Assets and Liabilities
Assets include real property, personal property, bank accounts, investment accounts, retirement plans, life insurance cash value, and business interests. Liabilities include mortgages, home equity lines of credit, auto loans, credit card balances, student loans, and any other outstanding debts. Each item must list the current balance or value, the institution or holder, and the date of the valuation.
Supporting Documents Checklist
Common supporting documents include federal and state tax returns for the last three years, pay