Statement of Net Worth
Complete your NY Matrimonial Statement of Net Worth. All calculations are automatic — totals update as you type.
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SUPREME COURT OF THE STATE OF NEW YORK
(1) net worth (assets of any kind and nature and wherever located minus liabilities), (2) statement of income from all sources, (3) statement of assets transferred of any kind and nature and wherever located, and (4) statement of expenses.
Complete all items, marking "NONE", "INAPPLICABLE", and "UNKNOWN" if appropriate.
List amounts as reported (or should be reported) on most recent Federal income tax return. Attach W-2s, 1099s, K-1s, tax returns, and two most recent paystubs.
If any asset is held jointly with spouse or another, so state and set forth your respective shares.
List all assets transferred in any manner during the preceding three years, or length of the marriage, whichever is shorter.
State all amounts paid to lawyers and experts in connection with your marital dissolution — name of professional, amounts, dates paid, and source of funds. Attach retainer agreement.
Other data concerning the financial circumstances of the parties that should be brought to the attention of the Court:
Sign on printed copy before submitting to the court.
Attorney signs on printed copy.
Net Worth Summary
All values are calculated from amounts you enter above. Verify all figures with your attorney before submitting to the court.
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What the Statement of Net Worth is, and why it decides your case
Every contested divorce in New York runs through one document. Domestic Relations Law § 236(B)(4) makes financial disclosure compulsory — not optional, not negotiable — and Uniform Rule 22 NYCRR § 202.16(b) requires that it be made on this official Statement of Net Worth, sworn before a notary, with a current pay stub and your most recent tax returns attached.
Clients dread it, and they are right to take it seriously, but usually for the wrong reason. The difficulty is not legal. It is clerical — a few hours of gathering statements that nobody enjoys spending. What makes it consequential is that nearly every number that follows is built on it: temporary maintenance, child support, counsel fees, and the shape of the settlement itself. A vague or hurried Statement of Net Worth does not just look bad. It gives away money.
| What the form demands | What it is actually used for |
|---|---|
| Assets — everything you own | Building the marital estate for equitable distribution under DRL § 236(B)(5). Whose name is on the title does not decide whether it is marital. |
| Liabilities — everything you owe | Marital debt is divided too. A credit card in one spouse’s name, run up during the marriage, is usually still marital. |
| Gross income | The input for the CSSA child support formula and the maintenance guideline. This is where your support number comes from. |
| Monthly expenses | The proof of need — what supports a claim for temporary maintenance, exclusive occupancy of the home, and interim counsel fees. |
| Assets transferred | Anything you moved, sold, or gave away. Courts look hard at transfers made once a divorce was on the horizon. |
Marital or separate: the distinction that decides who keeps what
Marital property is everything acquired by either spouse during the marriage, before the divorce is commenced, regardless of whose name it is in. That includes the 401(k) you built at work, the pension you earned, the business you started, and the house you bought — even if the deed bears only your name.
Separate property is what you brought into the marriage, what you inherited, what a third party gave you personally, and compensation for personal injuries. It stays yours — unless you commingled it. The inheritance deposited into the joint checking account, the premarital house retitled into both names, the separate savings spent on the down payment: each of these can lose its separate character, in whole or in part. Flag anything you are unsure about and raise it with your attorney. This is where the real money is won and lost, and it is almost never obvious to the person filling out the form.
Do not guess at the expense side
Ask someone what they spend each month and they will name their rent, their car payment, and roughly what groceries cost. Then they will forget the co-pays, the dog, the birthday gifts, the subscriptions, the school pictures, the oil change, the parking, and the insurance bill that lands every June. Most people underestimate their own spending by twenty percent or more — and in a divorce that gap is not academic. It is the difference between an interim support award you can live on and one you cannot. Pull three months of bank and credit card statements and total them by category. It takes an afternoon, and it is the highest-value hour of preparation available to you.
Hiding an asset is worse than owning it
This form is sworn. Every year, people leave something off it — the crypto wallet, the bonus that lands in March, the side business, the account at the credit union. Forensic accountants find these things: bank records get subpoenaed, tax returns get compared to lifestyle, deposits get traced. When a concealed asset surfaces, a New York court can award it outright to the other spouse, shift counsel fees onto the concealer, set aside the settlement, and hold them in contempt. The asset is almost always worth less than what the concealment costs. Disclose it — and if you believe it is your separate property, say so and argue it. That is an argument you are entitled to make.
Tools that go with this form
Gather the paperwork first with our financial document checklist. Then map how the marital estate is likely to be divided with the equitable distribution calculator. If a defined-benefit pension is in play, it is divided by the Majauskas formula rather than by its balance. And once income figures are settled, run child support, the add-on expenses, and spousal maintenance. A Buffalo divorce attorney can review the whole picture before you swear to it.
Frequently Asked Questions About the New York Statement of Net Worth
What is a Statement of Net Worth in a New York divorce?
It is a sworn, notarized financial disclosure that every party to a contested New York matrimonial action must file. Domestic Relations Law § 236(B)(4) makes financial disclosure compulsory, and Uniform Rule 22 NYCRR § 202.16(b) requires it be made on the official Statement of Net Worth form, accompanied by a current pay stub and your most recent federal and state tax returns. It lists your income, your monthly expenses, everything you own, and everything you owe.
Do I have to file a Statement of Net Worth for an uncontested divorce?
Usually not. If your divorce is truly uncontested, with no children and no unresolved financial issues, the parties commonly waive the Statement of Net Worth in a written stipulation. But if there are children, if child support or maintenance is being set, or if any financial issue is contested, expect to complete one. Many attorneys prepare it regardless — because a spouse who signs an agreement without ever seeing the other side's finances has very little ability to undo it later.
What happens if you lie on a Statement of Net Worth?
It is sworn under penalty of perjury. The consequences of hiding assets range from the practical to the severe: the court can draw a negative inference against you on every disputed issue, award the concealed asset outright to your spouse, shift counsel fees onto you, set aside a settlement obtained by fraud, hold you in contempt, or refer the matter for prosecution. Forensic accountants find hidden assets more often than people expect, and the penalty is almost always worse than the disclosure would have been.
What documents do I need to complete a Statement of Net Worth?
At minimum: your last three pay stubs, your last two years of federal and state tax returns with W-2s and 1099s, the most recent statement for every bank, brokerage, and retirement account, your mortgage statement and a rough value for any real estate, loan and credit card statements, life insurance policies showing cash value, and business records if you own an interest in a company.
How detailed do the monthly expenses have to be?
More detailed than most people expect. The official form breaks expenses into categories — housing, utilities, food, clothing, laundry, insurance, unreimbursed medical, household maintenance and help, automotive, education, recreation, income taxes, and miscellaneous — and asks for a monthly figure for each. Estimates are permitted and expected. But the expense side is what supports a claim for temporary maintenance, child support, and interim counsel fees, so a carelessly low number can cost you real money.
What is the difference between marital and separate property?
Marital property is everything acquired by either spouse during the marriage and before the divorce is commenced, regardless of whose name it is in — including the 401(k) you built at work, the pension you earned, and the house on a deed bearing only your name. Separate property is what you brought into the marriage, what you inherited, what a third party gave you personally, and compensation for personal injuries. Separate property can lose that character if it is commingled — an inheritance deposited into a joint account, or a premarital home retitled into both names.
Is my Statement of Net Worth public?
It is filed with the court, but New York matrimonial files are sealed by statute (DRL § 235) — they are not available to the general public, only to the parties, their attorneys, and the court. That is a meaningful protection, but it is not absolute confidentiality: the document will be read by your spouse, their attorney, and possibly a forensic accountant or the attorney for the child.