1. The Mandatory Nature of Form UD-11
In all New York Supreme and Family Court matrimonial actions where financial relief is requested, as well as contested estate accounting disputes in Surrogate's Court, the submission of an official Statement of Net Worth (Form UD-11) is legally mandatory under 22 NYCRR § 202.16(b).
The statement is a formal affidavit signed under penalty of perjury. Inaccuracies, intentional omissions, or falsifications can result in severe judicial sanctions, adverse inference rulings, or perjury prosecution.
2. Section-by-Section Breakdown
Section I: Family Data
Documents basic identifying information: dates of birth, marriage date, date of separation, occupations, health insurance coverage, and minor children of the union.
Section II: Monthly Living Expenses
Itemizes all monthly living expenses across 9 standardized categories: (A) Housing, (B) Utilities, (C) Food, (D) Clothing, (E) Laundry/Dry Cleaning, (F) Medical/Dental (unreimbursed), (G) Household Maintenance, (H) Transportation, and (I) Miscellaneous. If expenses vary, report true 12-month trailing averages.
Section III: Gross Annual Income
Discloses all income sources from all jurisdictions: W-2 wages, bonuses, commissions, business draws, K-1 partnership distributions, dividend/interest income, rental income, and social security benefits.
Section IV: Assets
Requires full disclosure of all assets regardless of whether claimed as marital or separate: cash balances, checking/savings accounts, real estate holdings, publicly traded stocks, privately held corporate equity, retirement/pension plans, deferred compensation/RSUs, and tangible personal property.
Section V: Liabilities
Itemizes all outstanding debts: primary mortgages, home equity lines of credit, auto loans, student loans, promissory notes, credit card debt, and tax liens.
Section VI: Assets Transferred
Crucial anti-fraud section: requires disclosing any asset transferred, sold, gifted, or assigned within the 3 years preceding the execution of the statement (or since marriage, whichever is shorter) for less than full market consideration.
3. Mandatory Document Attachments
Under 22 NYCRR § 202.16(b), every Statement of Net Worth must be accompanied by:
- Federal and state income tax returns for the most recent 3 years;
- W-2 wage statements and 1099 miscellaneous income forms for the most recent year;
- Most recent paystub showing year-to-date earnings;
- Form 1095 health insurance documentation.