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An affidavit is a legal document that is very similar to a witness's sworn testimony in a court of law. Prior to giving testimony, a witness in a trial must swear that what they are about to say is true and correct under penalty of perjury.
Be sure that your financial affidavit is notarized before filing it with the Court, as the statute requires the document be sworn.
A financial affidavit is like getting on the stand and testifying. You are swearing to the court that you're telling the truth. If a lie is uncovered, it is technically perjury, so if it's a big enough lie or you're belligerent about it, you could be charged with perjury and face sanctions including criminal charges.
These may include subpoenas for your ex's pay stubs, bank statements, credit card statements, or tax returns. Your attorney may also submit a request for sworn testimony from your ex about his or her financial assets.
Dishonesty about financial disclosures could end in severe penalties such as fines. Criminal charges may be pressed which may lead to jail time. However, these usually depend both on the severity of the lies, the condition of the information and how lenient or stern the judge is on the case.
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People also ask

What Is a Financial Affidavit? A financial affidavit, which has different names in each state, is a statement showing your income, expenses, debts and assets. It allows a court to figure out how much spousal support and child support it should award.
Affidavit. A written statement of fact, signed and sworn to in front of a notary or a person who has the right to administer an oath .
An affidavit is a sworn statement a person makes before a notary or officer of the court outside of the court asserting that certain facts are true to the best of that person's knowledge. Affidavits by both plaintiff/prosecution and defense witnesses are usually collected in preparation for a trial.
It is a requirement, where court proceedings are issued to deal with financial matters, that both parties provide full disclosure but, even where there are no court proceedings, invariably the starting point is for both parties to provide financial disclosure.
As to simplified dissolutions, although Rule 12.105 in fact states the financial affidavits cannot be waived, the case law construing the rule indicates otherwise.

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