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California is a community property state. This means that in general, property acquired by either spouse during a marriage is presumed to be equally owned by both spouses.
What is form FL 142 used for?
FL-142 details everything you owe and own. FL-142 is your opportunity to disclose everything that you own and everything that you owe, and you must provide documentation attached with it. If you tend to be unorganized when it comes to paperwork associated with your assets and debts, it may take a while to complete.
What does community and quasi community property declaration mean?
Under Family Code 125, quasi-community property means all real or personal property wherever situated, acquiredby either spouse while domiciled elsewhere which would have been community property if the spouse who acquired the property had been domiciled in this state at the time of its acquisition.
Do I have to fill out FL-160?
You will have to fill out two FL-160 forms, one for youre own separate property and one for community property. You MUST list ALL of the property that you own separately AND that you and your spouse own together. The court distinguishes property into two types: Community and Separate.
Do I have to file fl160?
You will have to fill out two FL-160 forms, one for youre own separate property and one for community property. You MUST list ALL of the property that you own separately AND that you and your spouse own together. The court distinguishes property into two types: Community and Separate.
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Form FL-160 and FL-142 are interchangeable forms - you only need to use one of them to complete your declaration of disclosure. I typically use form FL-160 in default judgment cases and FL-142 in all other cases.
What is form fl160?
Property Declaration (form FL-160) is a multipurpose form, which may be filed with the court as an attachment to a Petition or Response or served on the other party to comply with disclosure requirements in place of a Schedule of Assets and Debts (form FL-142).
Is FL 142 required?
Whether you divorce on your own or by engaging the services of a mediator or attorney, you and your spouse will most likely be required to complete financial disclosures. These forms include the Schedule of Assets and Debts (FL-142) and Income and Expense Declaration (FL-150).
What is an FL-160 form?
Property Declaration (form FL-160) is a multipurpose form, which may be filed with the court as an attachment to a Petition or Response or served on the other party to comply with disclosure requirements in place of a Schedule of Assets and Debts (form FL-142).
What is the difference between FL 142 and FL-160?
Form FL-160 and FL-142 are interchangeable forms - you only need to use one of them to complete your declaration of disclosure. I typically use form FL-160 in default judgment cases and FL-142 in all other cases.
Related links
homestead declaration | Wex | LII / Legal Information Institute
A homestead declaration is a form filed with the county recorders office that records a persons homestead exemption; which is a legal provision that
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