South Carolina Supreme Court Updates Financial Declaration Form
Pursuant to an Administrative Order issued on April 2, 2008, the South Carolina Supreme Court drastically overhauled the Financial Declaration that must be filed in Family Court cases. This is the first significant change to the Financial Declaration form in almost twenty years.
I believe that this new format will prove to be much more useful once the Judges, attorneys, and parties get used to it. It not only provides more information, but it also provides more practical, helpful information. Some of the more significant changes are:
I believe that this new format will prove to be much more useful once the Judges, attorneys, and parties get used to it. It not only provides more information, but it also provides more practical, helpful information. Some of the more significant changes are:
- The field to include the social security number has been deleted;
- "Husband/Father" replaces "Husband" and "Wife/Mother" replaces "Wife";
- The "Marital Assets Addendum" section has been deleted, along with endnotes 1-4 on the previous form and endnotes 1-21 were added throughout the form to define the associated terms;
- The following sections were added to the form: "Any Non Marital Property Claimed By You," "Financial Accounts Section," "Voluntary Retirement Accounts and Pension Accounts Section," "Publicly Held Stocks, Bonds, Securities, Mutual Funds Section (Non-Retirement)," and "Real Estate Section."
what is a finanical declaration? and what is it's purpose used for in court?
If I have a continuing action for which I already provided a financial declaration in January 2008 using the old form before that first hearing , must I submit my information to the Family Court of York, SC using this new form for an October continuation of this same case?
IF A PERSON IS NOT A HUSBAND/WIFE OR PARENT, INVOLVED IN A FAMILY COURT CASE, WHY WOULD THEY BE ASK TO DO A FINANCIAL DECLARATION IN A DIVORCE CASE BETWEEN 2 OTHER PEOPLE? THEY WERE NAMED A THIRD PARTY BUT FINACIALLY HAVE NO RESPONSIBILITY IN THE OUT COME OF THE CASE THANKS FOR YOUR HELP