BIRTH, ADOPTION, AND INFERTILITY¾APPLICATIONS
Disclaimer
The following form is provided by strictly to aid in the organization of your information prior to engaging a professional for advice or as a worksheet for your own calculations. is not engaged in rendering legal or other professional planning advice. This worksheet is not a substitute for the advice of an attorney. The laws of each state vary and may significantly influence the calculations.
Division of Property and Assets in a Divorce
Often the ways to divide assets are fairly clear to both parties involved and only a methodology is needed to assist in the process or to provide the information in an organized fashion to the assisting attorney. In other instances, however, disputes can arise as to who gets what when the marriage or relationship ends. Property owned by one partner before the marriage began can be considered a blended asset if during the relationship the other partner made significant contributions that serviced to increase the property's value, either financially or by physical work. This worksheet can be used by you and your assisting attorney to determine how your property may be fairly divided, or by you and your partner to attempt to reach a collaborative division. The division methods will help in the fair assignment of any of the assets below. We sincerely hope we can assist in reducing the conflict and acrimony that sometimes results in the process and be an aid to each party moving on peacefully to their new beginning.
|Home: | | To You: | To Your Partner: |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
In calculating the value for each partner’s share, you will need the following information:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original mortgage amount __________
Current mortgage amount __________
Source of funds for mortgage payments, taxes, and insurance __________
Source of funds for home improvements __________
Source of funds for home maintenance __________
Source of effort for home improvements __________
Source of effort for home maintenance __________
|Vacation Home: | | To You: | To Your Partner: |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
In calculating the value for each partner’s share, you will need the following information:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original mortgage amount __________
Current mortgage amount __________
Source of funds for mortgage payments, taxes, and insurance __________
Source of funds for home improvements __________
Source of funds for home maintenance __________
Source of effort for home improvements __________
Source of effort for home maintenance
|Rental Property: | | To You: | To Your Partner: |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
In calculating the value for each partner’s share, you will need the following information:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original mortgage amount __________
Current mortgage amount __________
Source of funds for mortgage payments, taxes, and insurance __________
Source of funds for improvements __________
Source of funds for maintenance __________
Source of effort for improvements __________
Source of effort for maintenance __________
Monthly rental income __________
Monthly expenses __________
Income produced __________
|Business or Professional Property: | |To You: |To Your Partner: |
|Closely held business assets | |$____________ |$____________ |
|Business goodwill value | |$____________ |$____________ |
|Value of professional practice | |$____________ |$____________ |
|Value of professional license | |$____________ |$____________ |
In calculating the value for each partner’s share, you may need the following if relevant:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original loan amount __________
Current loan amount __________
Source of funds for loan payments, taxes, and insurance
Source of funds for improvements __________
Source of funds for maintenance __________
Source of effort for improvements __________
Source of effort for maintenance __________
Monthly income __________
Partner’s contributions as homemaker __________
Contributions of wage-earner partner while other earned degree __________
ANY ITEMS BELOW THAT HAVE BEEN DIVIDED IN THE DIVVYMASTER
PROCESS MAY SIMPLY BE LISTED AS A LINE ITEM TOTAL. THEY DO NOT NEED TO
BE ENTERED SEPARATELY AGAIN.
|Vehicles: | | To You: | To Your Partner: |
|Vehicle #1: | | | |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
|Vehicle #2: | | | |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
|Vehicle #3: | | | |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
|Boat: | | | |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
|Recreational Vehicle(s): | To You: | To Your Partner: |
|Market Value |$____________ | | |
|Amount Owed |$____________ | | |
|Equity |$____________ |$____________ |$____________ |
| | | | |
| | | | |
| | | | |
|Financial Assets: | To You: | To Your Partner: |
|Savings Account Assets |$____________ |$____________ |
|Checking Account Assets |$____________ |$____________ |
|Stocks, Bonds, and Other Securities |$____________ |$____________ |
|Pensions, IRAs, 401(k)s, etc. |$____________ |$____________ |
|Life Insurance Cash Values |$____________ |$____________ |
| | | | |
| | | | |
|Other Property: (This is an area often done through the | | To You: | To Your Partner: |
|DivvyMaster Division processes. If completed there, simply enter| | | |
|a value, not the detailed list again) | | | |
|Home furnishings (list): | | |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
| | | |
|Personal property (list): | | |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
| | | |
|Other (list): | | |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
|____________________________________ |$____________ |$____________ |
| |To You: |To Your Partner: |
|TOTAL ASSETS VALUE |$____________ |$____________ |
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