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Rhode Island Divorce – The Confusing DR-6 Financial Form

If you are in divorce proceedings in Rhode Island, you will be presented with a form known as DR-6. This form asks you to provide a variety of financial information. It must be filed in any new divorce proceedings in the Rhode Island family courts and most people find this to be one of the most annoying tasks in their divorce.

The DR-6 form that you MUST file when filing your divorce complaint in Rhode Island is your Statement of Financial Assets and Obligations. This is usually a single page with front and back that needs to be completed. The front of the form contains your assets and income and the back of the form contains your expenses and debts. Generally, it has been understood that you only put your specific information on this form.

For example, on the front of the form, for income, you will indicate your income if you are employed or any income you receive personally. You would not deposit your combined income with your spouse. In a Rhode Island divorce, it is important for the family court judge to have an idea of ​​your income in the marriage and the assets you own or claim an interest in now that your marriage has broken down. This helps the court by giving information that the judge may deem relevant to make a fair distribution of marital assets between you and your husband.

The top portion of the first side of the DR-6 Financial Form / Statement of Assets and Liabilities is typically covered by simply transferring information from a weekly, bi-weekly, or monthly paycheck into the various boxes that correspond between the form and your salary.

The rest of the front of the DR-6 financial form looks for information on health and life insurance, bank accounts, and assets such as the value of your home or other real estate, tangible property, retirement accounts (c i.e. 401k, 403b, IRA, Pensions) and motor vehicles.

Besides the income portion of the front of the DR-6, the rest of the form looks for information that may overlap. For example, if you have a joint bank account with your spouse, you would put that account and how much is in the account because you both “own” that bank account as an asset. However, it would be wise to note on the form that this is a “joint” bank account. If you are getting close to the value of something, you can put the notation “approx.” next to the number or “best approx.” for your best guess as to what you think the value may be.

The reverse side of this form needed in your Rhode Island Divorce Form is information about expenses and expenses. This provides the information of your current financial situation. In other words, specifically what you are currently paying.

The back of the DR-6 form is often misunderstood for good reason. Many people complete multiple columns because there are weekly, bi-weekly, and monthly columns on the form. This happens even if the form says you should select only one column. A column must be selected and everything calculated based on that single column. Thus, you have to calculate everything down to monthly, weekly or bi-weekly. . . the one that suits you best.

The bottom of the form gives a final calculation box which indicates the minimum amount of money you need to meet your obligations. This is what often confuses clients as it seems to tell them they have to put whatever they might be responsible for, OR whatever is named after them as an obligation, OR even part of whatever they claim to have an interest. which involves payment. The fear is that the judge will order the client to pay for additional things that he did not account for in his DR-6 form and this will leave the client with no money to pay for them.

Rhode Island divorces are tough enough without you having to worry about a confusing form. This form is intended to be updated throughout the divorce process as often as necessary to keep the court informed of changes in each party’s financial situation. It has been used by Rhode Island family court judges to help make suggestions regarding the fair distribution of assets as well as a reasonable distribution of debt between parties. It is also used to determine income for child support purposes. The form can also be very useful in determining whether the income and debts between the parties support a possible court decision that there should be a deferred sale of the matrimonial home if there are minor children of the parties and whether the income and the assets of the parties is sufficient to support the home with the parties residing separately.

The DR-6 form can, and often is, confusing. It’s not something customers really need to stress about. Simply take the time to state your current financial situation, give your best guesses when exact figures are not possible and/or information is not available, and be sure to notify your attorney and update the form if your financial situation changes.

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