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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