Maintainence case - Expense Sheet declaration

Question

Maintainence case - Expense Sheet declaration

02-Jun-2024 (In Divorce Law)

As part of the maintenance case, in the income-expense declaration, are LIC policies, mutual funds, life insurance or other such investments considered as expenses since I need to pay annual premiums for them?

Answers (3)

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Advocate Prachi Goel LawRato · Accepted Answer · 2024-06-02T08:53:07+05:30

Answer #1

Yes this will be considered as your investment. but you should try to submit before the court that you have to pay premiums yearly. Moreover, qualification of your wife matters. for more details, kindly contact.

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Advocate Jitender Singh LawRato · Accepted Answer · 2024-06-02T09:42:42+05:30

Answer #2

Yes...you need to disclose them as well and also the details of the annual payment that you are doing to the concerned departments. And if there's no scope of living together then rather stretching the relationship you should go with mutual divorce because it's cost effective and ends up in a maximum of six months.

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Advocate Himanshi Jain LawRato · Accepted Answer · 2024-06-04T18:13:00+05:30

Answer #3

Yes, your premiums, loans are also your liabilities, your basic expenses, the salaries you pay to your house helps, medical expenses, travel expenses, expenses towards vehicle if any, are also counted while determining your expenses. please note everything is counted while determining the maintenance. In case of further assistance please contact the undersigned.

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