Financial Statement Form E
When do I need to fill in the
Financial Statement Form E?
When the spouses cannot reach a consensus on alimony or family property distribution issues and need the court’s assistance in distribution, they need to fill it out.
Is it necessary to fill it out?
What are the consequences for divorce if you don’t fill it out?
The financial statement, Form E, mainly states all the assets of both parties around the world and is used to distinguish or distribute joint marital property. The court will divide the property based on the statement of financial status filled out by both parties. Of course, both parties will also need to hand it over when necessary. More accompanying documents, such as:
Matrimonial residence: Copy of most recent mortgage/other loan statement
Other properties: Copy of most recent mortgage/other loan statement
Copies of statements for each bank account for the past 12 months, as well as various types of time deposits A copy of the most recent statement for the account
Copies of your private company’s audited/unaudited financial statements for the past 2 years, and copies of any other documents used as the basis for the valuation
Copies of audited/unaudited financial statements of all your other business interests for the past 2 years, and copies of any other documents used as a basis for valuation
A copy of the latest statement for each securities account
The trustee or manager of a pension/mandatory provident fund scheme regarding your rights Copies of documents used for valuation
Copies of each credit card statement for the last 3 months
Proof of employment income or copy of employment contract for the past 3 months (if applicable), and copies of tax returns for the past 2 years
Documentary proof of additional income or copy of employment contract for the past 3 months (if applicable)
Documentation proving income from part-time employment in the past 3 months or copy of employment contract (if applicable)
Copies of self-employment/partnership tax returns for the past 2 years
Copy of latest statement of government subsidy
A copy of the most recent rent bill
Both parties must complete and swear the form within the designated time before appearing in court, and give a copy to the other party. Failure to fill it in will prevent the divorce process from being successfully completed and the court will not be able to issue a decree; incorrect filling in the form may lead to an imbalance in property distribution or an increase in alimony.
It is best to have it audited by a professional accountant, and our firm also provides this service.