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Declaration Of Assets And Liabilities Template for Belgium

A comprehensive legal document governed by Belgian law that provides a detailed snapshot of an individual's or entity's complete financial position at a specific point in time. The declaration includes all assets owned, whether movable or immovable, tangible or intangible, as well as all outstanding liabilities and obligations. This document complies with Belgian Civil Code requirements and relevant financial regulations, incorporating necessary declarations under Belgian privacy laws and anti-money laundering legislation. It serves as an official record for various purposes including bankruptcy proceedings, loan applications, or regulatory compliance.

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What is a Declaration Of Assets And Liabilities?

The Declaration of Assets and Liabilities is a crucial document in Belgian legal and financial practice, required in various situations such as bankruptcy proceedings, major loan applications, divorce settlements, or regulatory compliance requirements. It provides a complete picture of the declarant's financial position, including all assets (both within and outside Belgium) and all liabilities. The document must comply with Belgian Civil Code requirements, privacy laws, and financial regulations. A Declaration of Assets and Liabilities typically requires supporting documentation and may need certification by appropriate authorities depending on its intended use. It serves as a legally binding statement and can have significant consequences if information is omitted or incorrectly stated.

What sections should be included in a Declaration Of Assets And Liabilities?

1. Personal Information: Declarant's full legal name, national registration number, address, and contact details

2. Declaration Purpose: Statement of the purpose for which this declaration is being made and the relevant legal basis

3. Statement of Truth: Formal declaration that the information provided is true, complete and accurate to the best of the declarant's knowledge

4. Real Estate Assets: Details of all owned real estate properties, including location, type, ownership percentage, and estimated current market value

5. Financial Assets: Bank accounts, investments, securities, bonds, and other financial instruments

6. Personal Property: Valuable personal possessions such as vehicles, artwork, jewelry, and other significant items

7. Business Interests: Ownership in businesses, partnerships, and corporate entities

8. Current Liabilities: All outstanding debts, mortgages, loans, and other financial obligations

9. Regular Income Sources: Overview of regular income streams including employment, investments, and other sources

10. Declaration Date and Signature: Date of the declaration and declarant's signature

What sections are optional to include in a Declaration Of Assets And Liabilities?

1. Foreign Assets Declaration: Required when the declarant holds assets outside of Belgium

2. Trust and Fiduciary Interests: Required when the declarant is involved in trust arrangements or holds assets in a fiduciary capacity

3. Pending Transactions: Include when there are significant pending asset purchases, sales, or transfers

4. Contingent Liabilities: Required when there are potential future obligations or guarantees provided

5. Joint Assets Declaration: Include when assets are jointly owned with spouse or other parties

6. Recent Disposals: Required when significant assets have been disposed of in the recent past (typically within last 12 months)

7. Insurance Policies: Include when there are significant life insurance or investment-linked insurance policies

What schedules should be included in a Declaration Of Assets And Liabilities?

1. Schedule A - Real Estate Details: Detailed listing of all real estate properties including title deeds, registration numbers, and valuation reports

2. Schedule B - Financial Accounts: Comprehensive list of all bank accounts, investment accounts, and their current balances

3. Schedule C - Investment Portfolio: Detailed breakdown of all investment holdings including securities, bonds, and other financial instruments

4. Schedule D - Business Interests: Detailed information about business ownership including company registration numbers and shareholding details

5. Schedule E - Valuable Personal Property: Itemized list of valuable personal possessions with supporting documentation

6. Schedule F - Liabilities Detail: Comprehensive list of all debts with loan agreements and current balance statements

7. Appendix 1 - Supporting Documents: Copies of relevant certificates, title deeds, and other supporting documentation

8. Appendix 2 - Valuation Reports: Professional valuation reports for significant assets where applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Belgium

Publisher

黑料视频

Document Type

Declaration Form

Cost

Free to use

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