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Financial Statement - Mississippi

Financial Statement - Mississippi 2025

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The document is a financial statement submitted to the Chancery Court of Mississippi in relation to a joint complaint for the dissolution of marriage. It includes sections for general information, income statement, expense statement, statement of assets, and liabilities. The purpose is to provide a comprehensive overview of the financial situation of the parties involved, including income sources, monthly deductions, living expenses, assets, and liabilities.

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Why is financial disclosure important in divorce?

Being upfront and truthful makes it easier to work out an agreement. If you hide information or if you are not truthful, you run the risk of losing property and being ordered to pay the other persons lawyers fees.

What is rule 8.05 in Mississippi?

This is your 8.05 Financial Declaration, named after Uniform Chancery Court Rule 8.05, which makes submission of the form mandatory in divorce and other cases involving child support. Unless both parties (and the judge) agree to waive submission of the 8.05, it is mandatory.

Where can I find official financial statements?

Financial information can be found on the companys web page in Investor Relations where Securities and Exchange Commission (SEC) and other company reports are often kept. The SEC has financial filings electronically available beginning in 1993/1994 free on their website. See EDGAR: Company Filings.

How important is a financial statement in divorce?

Sharing information about your finances with your spouse (or domestic partner) is a requirement for getting a divorce or legal separation. This is called disclosure or financial disclosure. The financial documents dont get filed with the court. You just share them with your spouse.

Is financial statement necessary?

The Long Form Financial Statement is designed to give the Court a snapshot of what your income and all expenses are per month, for you and the children (if there are children). The first 5 pages of the Long Form Financial Statement asks for your monthly expenses (for you and any children).

Who loses more financially in a divorce?

Financial statements are essential tools for every entrepreneur. Not only will they provide you with a comprehensive overview of the financial performance of your business, but theyll also help you make informed decisions for the present and future.

How much does it cost to get a financial statement?

The cost of a financial statement review generally ranges from $1,500 to $5,000. Many CPAs will include the review at the time your taxes are prepared and roll the cost together.

Financial Statement - Mississippi 2025

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