UCS Rev. 6/2016 Eff. 8/1/16 SUPREME COURT OF THE STATE ... - nycourts-2025

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What is NY Affidavit of Net Worth (Short Form)? The NY Affidavit of Net Worth (Short Form) is a legal document used in New York to declare an individuals financial status, typically in family court cases involving divorce or child support.
After making a list of the total assets and liabilities, you can simply deduct the liabilities from the assets and arrive at the net worth. It can be repeated once or multiple times a year and can be used to assess the financial health of an individual. The same process applies to organizations.
To compute Net Worth, first add all liabilities and put that figure in the Total Liabilities line, then subtract Total Liabilities from Total Assets to get your Net Worth.
The court also needs a complete listing of all property and assets owned by one or both parties. Essentially, the net worth statement provides a snapshot of your financial situation and a look at what each spouse owns. Information in the statement specifically impacts major elements of the divorce, such as: Alimony.
Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe.