Division Of Assets In Divorce Worksheet

Are you confused about how to divide the assets and liabilities in a Divorce? Divorce is one of the most emotional and trying time in your life. There are a lot of things that need to be sorted out and that is why it becomes really difficult for a person to accomplish all these things. If you want to avoid the nasty process of a divorce and if you want to get things settled legally and amicably, then you need to know what should be done regarding the division of marital property and liabilities. Divorce Worksheet can be used as a helpful guide in this regard. It lists down all the assets and liabilities of the couple, with their value, date of birth, length of marriage etc.

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The first part of the Divorce Worksheet lists down the assets of the couple. There are two parts here. The first one explains the value of the marital property and the other one explains the amount of liabilities that needs to be shared. Once you know the value of your assets and the value of your liabilities, you will come to know the total worth of the assets.

This can help you decide the division of your properties. If you want to keep your marital property equally divided, then you just have to choose properties that are equal in value. But if you want to divide your liabilities equally and you wish to keep some assets for yourself, then you just have to choose the assets or liabilities that are of equal value. This will make the overall financial situation clear to both the parties.

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Once you know about the total value of the marital property and the total value of your liabilities, you can easily proceed with the next step. In the Divorce Worksheet, list down all the assets that belong to you spouse and the liabilities that you have. You can make a list of all the assets and liabilities in the form of a spreadsheet or graph.

Now that you have the assets and the liabilities listed down, you can proceed further with the analysis. You just need to study the distribution of the wealth among your spouse and yourself. The bottom part of the Divorce Worksheet lists down everything that is shared between the two of you. The top part of the worksheet is reserved for the assets that are jointly owned and if any of you are the claimant, then this is also noted on the Divorce Worksheet.

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Now if you are working on the assets list and if you have children from a previous marriage, then you need to list them separately. If there are more assets and liabilities than what is listed down, then you can add the assets and liabilities that are not included in the lists and show them as separable. This is important because later on, if you wish to claim your share of assets or your liabilities, then you just need to separate them out and prove that you are the claimant. This will clear your case up in court and help you get the compensation that you deserve. The more that you separate the assets and liabilities, the clearer it will be for the court.

Once all the assets and liabilities have been listed down, then you need to make a list of reasons why you want to divorce your spouse. You can include the age of your spouse, his/her poor health condition, or his/her attitude towards you. Any event that has taken place between the two of you before the marriage can be used as the reason why you want a divorce. You can also add up to why you feel that the marriage is heading towards divorce. Whatever you feel, just add it in the list.

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In conclusion, all you need is a Divorce Worksheet to prove your point in court. It is the only legal document that you will need to get your divorce granted. Once you have proven your grounds, you can rest assured that your divorce can be granted easily. Your spouse may even agree on the terms of the divorce if he/she sees that you are prepared for the process. Once everything is settled, everything will be smooth-sailing and you can get on with your life.

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