Complete Guide to Financial Disclosure Forms for Uncontested Divorce in NY

Financial transparency is mandatory in all New York divorces—whether contested or uncontested. Even when both spouses agree on all terms, the court still requires a full and honest accounting of each spouse’s financial situation. These disclosures help ensure fair division of marital property, accurate child support or spousal support calculations, and clear documentation of each party’s financial responsibilities.

In an uncontested divorce, completing your financial disclosure properly is essential. Errors or missing information can cause delays, rejection of paperwork, or court requests for clarification. This guide explains every part of the financial disclosure process and provides a detailed overview of what New York expects from spouses filing for an uncontested divorce.

Statement of Net Worth (Form UD-8)

The primary financial disclosure document required in New York is the Statement of Net Worth, also known as Form UD-8. This is a sworn, notarized financial affidavit that outlines every part of your financial life. It includes:

All sources of income
A full list of assets
All liabilities and debts
Monthly household and personal expenses
Supporting financial documents

The Statement of Net Worth is considered one of the most important submissions in a divorce case. Courts rely heavily on it to verify agreements related to property division, maintenance (spousal support), and child-related expenses.

Income Section Requirements

The income section must include every source of money you receive, even if irregular or part-time. Required categories include:

Salary or hourly wages
Bonuses, commission, or overtime
Self-employment and freelance income
Business profits or distributions
Investment income (interest, dividends)
Rental property income
Social Security benefits
Disability income (private or SSDI)
Unemployment income
Pension or retirement distributions
Any other recurring or one-time income

You must disclose gross and net income, along with year-to-date totals. Accuracy in this section is crucial because income directly affects support calculations.

Asset Section Breakdown

Your Statement of Net Worth must include a complete inventory of all assets owned individually or jointly. This includes marital property and separate property.

Real Property

List all homes, land, or rental properties:

Exact address
Date acquired
Purchase price
Current estimated value
Mortgage balance and monthly payment
Whether property is marital or separate

Bank Accounts

Provide details for:

Checking and savings accounts
Online banking (PayPal, Cash App, Venmo balances)
Credit union accounts

Include:

Name of institution
Account type
Current balance
Name(s) on the account

Retirement Accounts

Must disclose:

401(k), 403(b), IRA, pension, TSP, or other plans
Institution name
Account type
Current value
Vested and non-vested amounts

Even if retirement funds were earned before marriage, they must still be listed.

Vehicles and Personal Property

Include:

Make, model, year
Estimated value
Outstanding loan balance

You must also list valuable personal items such as jewelry, artwork, collectibles, and electronics if worth more than a few hundred dollars.

Investments and Business Interests

Examples include:

Stocks and bonds
Mutual funds
Crypto assets
Brokerage accounts
Ownership interest in a business or corporation

Provide the most recent valuation or statement available.

Liabilities Section

List all debts, whether individual or joint. Include:

Mortgages
Credit card balances
Car loans
Student loans
Personal loans
Lines of credit
Tax debts
Outstanding judgments

For each debt, include:

Total balance
Monthly payment
Name of creditor

Clearly listing liabilities helps ensure fair division of marital debt.

Monthly Expenses Section

The Statement of Net Worth also requires a breakdown of your monthly living expenses. Categories include:

Rent or mortgage
Utilities (electric, gas, water, internet)
Groceries and household supplies
Child-related expenses (school, daycare, activities)
Transportation costs (gas, insurance, tolls)
Clothing and personal care
Insurance premiums (health, dental, life)
Medical expenses
Entertainment and miscellaneous costs

This section helps the court evaluate whether maintenance (spousal support) is appropriate and whether child support calculations align with actual living needs.

Required Supporting Documents

New York courts require documents to verify the numbers listed on your Statement of Net Worth. These include:

Last 3 years of federal and state tax returns
W-2 and 1099 forms
Recent paystubs (at least 2–4 weeks)
Year-to-date earnings statements
Bank statements for the past 3–6 months
Investment account statements
Retirement account statements
Credit card statements
Property deeds, mortgage statements, and appraisals
Loan documents

Providing clear, up-to-date documentation reduces delays and helps the court confirm that both spouses are negotiating fairly.

Accuracy Requirements and Legal Consequences

You sign the Statement of Net Worth under oath, meaning the information must be truthful and complete.
Submitting false or misleading information can result in:

Perjury charges
Contempt of court
Financial penalties
Reopening of your divorce judgment
Invalidated settlement agreements

Courts take financial disclosures very seriously. Transparency protects both spouses and ensures that the final agreement is enforceable.

Why Accurate Financial Disclosure Is Essential in Uncontested Divorce

Even when spouses agree on all terms, the court still reviews financial disclosures to ensure:

The settlement is fair and reasonable
Each spouse understands the financial impact of the agreement
Child support follows New York guidelines
No important asset or liability is omitted
Neither spouse is being pressured into an unfair arrangement

Accurate financial disclosure helps your uncontested divorce move quickly and prevents complications later.

Need Help Completing Your Financial Disclosure Forms?

Financial documents can be overwhelming, especially when preparing a detailed Statement of Net Worth for the first time. Our New York uncontested divorce professionals can help review your forms, organize your financial records, and ensure everything is complete and court-ready.