Personal Property Inventory List For Divorce
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How to fill out Personal Property Inventory?
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FAQ
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%.
An inventory and appraisement is a list of all real and personal property as well as debts and liabilities claimed by each spouse. This list will include separate property, community property, and debts that you and your spouse have.
Personal Property in a Divorce: Definition Personal property in a divorce is effectively everything except real estate. This includes: cars, financial assets, and household goods. More specifically, ?Personal property is the belongings of an individual, excluding any real estate property or other buildings.
Tells the court what property is owned by the estate and approximately how much it is worth.
List every item of value in your household ? whether it's community property or not. If possible, do this before you move anything. Make sure things you agree should stay together (like a bedroom set) are grouped on your list as one single item. Then, hire an appraiser you both agree on.