Nebraska Property Statement - Adult Children
What this document covers
A Property Statement for Adult Children is a legal document filed during a divorce to provide the court with a complete list of all marital property owned by either spouse. This specific form is designed for situations where children from the marriage are no longer minors. Unlike other property statements, it allows parties to identify and declare their assets and liabilities in detail.
Main sections of this form
- Identification of household furnishings and equipment
- Listing of checking and savings accounts with account numbers
- Details of automobiles and other vehicles including serial numbers
- Information on farm or business equipment, inventory, and supplies
- Real estate holdings with addresses
- Life insurance policies and retirement plans
- Documentation of debts, including mortgages and unsecured creditors
- Disclosure of gifts or inheritances received by each spouse since the marriage
When to use this document
This form is used during divorce proceedings when it is necessary to detail all assets and liabilities. You should complete this form if you and your spouse are separating and need to clarify ownership of property as part of the legal divorce process, particularly when adult children are involved.
Who should use this form
This form is intended for:
- Individuals engaged in divorce proceedings where children are adults
- Parties seeking to ensure a fair distribution of marital property
- Individuals who wish to document assets and debts clearly for the court
How to complete this form
- Identify all assets owned by both parties, including real estate, vehicles, and personal belongings.
- Fill in the details for each asset, specifying the possession of each spouse and current values.
- List all bank accounts, detailing the account numbers and corresponding values.
- Document all debts, including mortgages and loans, with details on the lien holder and outstanding balances.
- Sign the completed form in the presence of a notary, if required, to ensure its validity.
Does this document require notarization?
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to include all assets and debts, leading to incomplete financial disclosure.
- Omitting important details such as account numbers and serial numbers for vehicles.
- Not having the form notarized when required, which can invalidate the submission.
- Submitting the form without verifying that all information is accurate and up-to-date.
Why complete this form online
- Convenient access to legal documents anytime and anywhere.
- Edit the form easily to ensure all required information is accurately captured.
- Reliable and professionally drafted templates designed for legal compliance.
Key takeaways
- The Property Statement for Adult Children is essential for documenting marital property during a divorce.
- Completing this form accurately is crucial for a fair property division.
- Ensure you review local state regulations and notarization requirements before submission.
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FAQ
There is a time limit set by the Family Law Act 1975 in relation to parties bringing claims for a division of property following the end of a relationship. In the case of a marriage each party has 12 months from the date of a divorce to file a claim with the court.
Under former law, in Nebraska, a divorce becomes final six months after it is entered; during this six-month waiting period, the matrimonial tie between the parties is not dissolved.
Because California law views both spouses as one party rather than two, marital assets and debts are split 50/50 between the couple, unless they can agree on another arrangement.
No, Nebraska is not a 50/50 community property state.Equity distribution is based on each spouse's individual contribution to the marriage and earning potential following the divorce to determine a fair distribution of marital property between the two parties.
The duration of payments is determined by a judge in Nebraska family court. Alimony length is usually based on length of marriage - one commonly used standard for alimony duration is that 1 year of alimony is paid every three years of marriage (however, this is not always the case in every state or with every judge).
Nebraska is an equitable distribution state, meaning that the marital property will be split between the spouses in a way that is just and reasonable.The court is only involved in the property division when the spouses can't resolve their property division on their own.
Often separated couples are able to reach an agreement between themselves regarding what should happen with their family finances.However, there is no time limit in respect of making a financial claim from one ex-spouse to another, even after the final order of the divorce (decree absolute) has been granted.
If it is equitable and reasonable, the court could give you 90% of the marital property and leave your spouse with the other 10%. Although that's possible, most of the time the court will award a spouse one-third to one-half of the marital property to achieve an equitable result.
How do I find Nebraska Divorce Records? Divorce Records in Nebraska are maintained by the Department of Health & Human Services (DHHS) and a request for a Divorce Record must be submitted to the Vital Records Office of the DHHS. Requests can be submitted by mail or in-person.