Your Divorce Settlement Assets and Liabilities Checklist

If you are going through a Divorce, Your Divorce Attorney will request you to show a list of assets and liabilities. Here I am listing a checklist to ensure that you are prepared with all necessary information and ready to negotiate about the divorce settlement agreement. If you are having your real estate you have to make sure about the list of all real estate you own together and all information regarding each piece of the real estate.

When the real estate was purchased and price. What is the amount of down payment and from where the down payment came from? What's the monthly payment, amount of taxes and the current mortgage balances. What is the present fair market value of the property? When it comes to vehicles it will include automobiles you drive regularly and the motorcycles, recreational vehicles, and the vehicles you have used for farming.

You should about the following information about each vehicle including Year, make, model, license number, fair market value, and the balance owed. In the case of furniture and appliances, you have to make a list of all household items by including the following details. Purchase Price, Estimated garage sale value or fair market value. Whether the items were purchased or gifted. For Life Insurance you have to mention the insurance company name, policy number, the face value of the policies, cash value of the policy and the name of person insured,

Outstanding loan against the policy - the amount of loan - Date of the loan. While mentioning the bank account you have to name, address and type of bank. Account number, current balance and the date of opening account. If you still can't understand how to make a checklist Visit the divorce attorney for getting further assistance.