![]() This is only required if one party is requesting reimbursement of attorneys fees from the other. Section 15 is primarily for the purpose of attorney’s fees and typically completed by an attorney if necessary. This section will give the spouses (or the Court, if you end up at a hearing) information regarding household expenses, to help each spouse budget for his or her new life, and to determine how muchs support might be needed. Sections 12-15 are primarily for the purpose of estimating your household expenses. Take notice of the part that asks for real property (land, home, commercial building, etc.) and personal property (personal property is anything that isn’t real property) and make sure to state “estimate fair market value minus the debts you owe.” In other words, this section asks for net value, not gross. Section 10 is somewhat self-explanatory, asking you to list any deductions such as child support, health insurance premiums, or spousal support you may pay or receive from a previous marriage. Sections 7-9 ask about additional income, such as self-employment income, additional income, and any changes in income that may have occurred in the last 12 months. Section 5 is where you list all of your income including, but not limited to, any support you may be receiving, disability payments and/or workers compensation. Bi-weekly = Paid every other week, or every 2 weeks.Semi-monthly = Paid 2 times per month.Here is some information to help you if you get confused: When inputting information about your income, you are asked to specify how you are paid. These sections ask for basic financial information, including your general employment information, your age and education, tax information, including when you last filed taxes and how you filed (married filing jointly, single, etc.), and information regarding the other party’s (estimated) income. Here is some information about the specific sections of Form FL-150, in case you have questions as to why you are providing certain information: Sections 1-4 If it is determined that either spouse provided false information in the financial disclosures, certain Court orders can be set aside as a result of the perjury. California Rule of Court 5.427 requires that all FL-150s must be “current.” 3 Each spouse is required to include accurate and complete information in his or her financial disclosures. Your Income and Expense Declaration includes specific information about each spouse’s current financial situation. What is an Income and Expense Declaration? ![]() Explore resources that explain complex financial concepts into plain language, such as how to determine the value of real estate and decide whether to keep or sell your house.
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