STATE of HAWAII FAMILY COURT FIRST CIRCUIT INCOME and EXPENSE STATEMENT Plaintiff Defendant C a S E N U MB E R FCCU No Courts St Form

Understanding the income and expense statement

The State of Hawaii Family Court First Circuit Income and Expense Statement is a crucial document used in family court proceedings. It provides a detailed overview of an individual's financial situation, including income, expenses, assets, and liabilities. This statement is essential for cases involving child support, alimony, or any financial disputes between parties. Accurately completing this form helps ensure that the court has a clear understanding of each party's financial circumstances, which can significantly impact the court's decisions.

Steps to complete the income and expense statement

Completing the Income and Expense Statement requires careful attention to detail. Here are the steps to follow:

1. Gather all necessary financial documents, including pay stubs, bank statements, and tax returns.
2. Begin filling out the form by providing personal information, such as names, addresses, and case numbers.
3. List all sources of income, including salaries, bonuses, and any additional earnings.
4. Detail monthly expenses, including housing costs, utilities, transportation, and childcare.
5. Include information about assets, such as real estate, vehicles, and savings accounts.
6. Disclose any liabilities, including loans, credit card debts, and other financial obligations.
7. Review the completed statement for accuracy before submission.

Legal use of the income and expense statement

The Income and Expense Statement serves a legal purpose in family court. It is used to determine financial responsibilities, such as child support and spousal support. The information provided in this statement must be truthful and accurate, as any discrepancies could lead to legal consequences. Courts rely on this document to make informed decisions regarding financial matters, ensuring that all parties are treated fairly based on their financial capabilities.

Key elements of the income and expense statement

Several key elements must be included in the Income and Expense Statement to ensure it meets legal requirements:

• Personal Information: Names, addresses, and case numbers of both parties.
• Income Details: Comprehensive listing of all income sources, including employment and other earnings.
• Expense Breakdown: Detailed monthly expenses categorized by type, such as housing, transportation, and healthcare.
• Assets and Liabilities: Clear documentation of all assets owned and debts owed.

Obtaining the income and expense statement

The Income and Expense Statement can be obtained from the Hawaii State Judiciary website or directly from the Family Court. It is important to ensure that you are using the most current version of the form, as updates may occur. Additionally, local family law offices or legal aid organizations can provide guidance on how to access and complete the form correctly.

Examples of using the income and expense statement

There are various scenarios in which the Income and Expense Statement is utilized:

• In divorce proceedings, to determine spousal support obligations.
• During child custody cases, to assess child support needs based on financial capabilities.
• For modifications of existing support orders, where changes in financial circumstances necessitate a review.