Financial affidavit tips: Insurance fees

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Completing and submitting your financial affidavit is one of the first and most important steps you must take as a part of your Florida divorce. This document enumerates your assets, expenses, liabilities and income to provide an idea of your financial standing for your Miami divorce attorney, your spouse’s representation and the presiding judge. In recent posts, we’ve covered this form in detail to prevent individuals who are filing for divorce from unwittingly misrepresenting their monetary holdings.

In this installment, we’ll review the insurance category that falls under expenses on your financial affidavit. At first glance, this area looks relatively straightforward, listing monthly costs for health, life and dental insurance, while leaving a few blank spaces for additional fees that may belong in this category. However, there are a few intricacies to these expenses that could be perceived as counterintuitive [one word] for those who are unfamiliar with this paperwork.

For instance, depending on the document you complete, certain insurance information may be included in different sections. As we noted in our last post, the long-form edition of Florida’s financial affidavit includes health insurance for minors under children’s expenses, while the short-form version places it in the general insurance section (only non-insured medical and dental expenses should be listed under children’s expenses on this document).

in addition, if your health insurance is provided by your employer – and the cost is therefore taken directly from your paycheck – this expense should be listed under deductions in the income section of your affidavit and not claimed again here.

If you have any concerns about your financial affidavit, don’t hesitate to contact an experienced Miami divorce lawyer for guidance. Scott A. Ferris, Esq. works seven days a week on behalf of his clients, and will give your case the personal attention it deserves. Call him directly at 305-670-3330 to discuss your divorce.