Assets and liabilities worksheet for divorce 2025

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While state laws vary on how judges divide marital property, the general rule is to assess assets the couple co-owned or co-managed (such as a residence, bank account, or retirement account) and divide them equitably between spouses.
How to create your own balance sheet in 4 easy steps Step 1: Pick a date and list your assets. The first step in creating a balance sheet is picking the date you are taking a snapshot of. Step 2: List all liabilities. Step 3: Calculate owners equity. Step 4: Double-check and reconcile.
Assets that may be protected from equitable distribution during a divorce are typically belong to one of two types: premarital property that has been kept from being commingled or transitioned and gifts or inheritances.
You list all the assets, and debts (debts should be divided as well) acquired during the marriage. Then you figure out the net value of the asset or debt. Then you start dividing the assets or debts and watch the total at the bottom. One spouse can take 100% of the house, while the 401K is divided 60% / 40%.
The best solution to avoid issues with dividing debt during a divorce is to dissolve joint accounts before going to court. If possible, refinance the house, car and other loans in one persons name. Cancel shared credit cards and pursue credit card balance transfers to have the debt on cards in each persons name.
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Although this is not the same as equal division of property, the Court typically starts with the presumption that each party should receive 50% of marital property during a divorce. A balance sheet is a list of all of the assets and liabilities owned by the parties, to be divided.
A balance sheet is a list of all of the assets and liabilities owned by the parties, to be divided. This includes, but is not limited to: real property, motor vehicles, bank accounts, investment accounts, retirement plans, personal property, private business interests, liabilities owed, mortgages, etc.

free printable divorce asset worksheet