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Get 4a-214. Community Property And Liabilities Schedule - New Mexico ... - Nmcompcomm
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How to fill out the 4A-214. Community Property And Liabilities Schedule - New Mexico online
The 4A-214 Community Property And Liabilities Schedule is an important document used in New Mexico for the disclosure of assets and liabilities during legal proceedings. This guide provides step-by-step instructions on how to accurately complete this form online, ensuring that all necessary information is included and presented clearly.
Follow the steps to successfully complete the 4A-214 form online.
- Begin by locating the form online and pressing the ‘Get Form’ button to access it for completion.
- In the section for 'Community Property,' list all assets owned by both parties, including cash, account balances, stocks, bonds, and real estate. Ensure to indicate the value attributed to each party and the combined value, where applicable.
- For financial institution accounts, specify each account type, account numbers, and respective values. This includes cash, savings, checking accounts, and any certificates of deposit.
- Outline all stocks, bonds, and mutual funds, detailing the quantities and values of these investments under each party's name.
- List insurance policies, providing the company name, face amount, cash value, and any outstanding loan balances for both parties.
- Detail the real estate holdings, including property values, mortgage payments, and any real estate commission costs that may apply when selling the properties.
- Enumerate all vehicles, stating the make and model along with any associated liens and their monthly payment amounts.
- Complete sections on business assets, household furniture and goods, tax refunds, retirement accounts, and any other significant assets that are relevant to the case.
- Next, address the liabilities section, listing any debts owed by either party, including loans and tax liabilities, along with their payment amounts.
- Finally, after entering all required information and reviewing for accuracy, save your changes. You may choose to download, print, or share the completed form for submission.
Start completing the 4A-214 form online today to ensure a thorough documentation of your community property and liabilities.
New Mexico is a community property state meaning that we look at the assets and the debts and allocate them in a way that makes sense to the parties and we try to divide the assets 50/50. It is also equitable distribution state though.
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