You need to fill out a Financial Declaration telling the court about your income, expenses, property, and debts. List your "personal property" that has substantial value, e.g.A PFS summarizes your assets and liabilities and provides a snap shot of your total net worth. All tangible personal property is taxable unless exempted. Purpose: The main reason people set up a DAPT is to protect their assets from future creditors or legal claims. Generally, personal property used in a business is subject to property taxes. This page explains how property is divided in a divorce, including real estate, personal property, and retirement accounts. Salt Lake City- Property must be within Salt Lake. Whether you have a higher net worth or are in a high-liability profession, a domestic asset protection trust can help protect you and your family from lawsuits. Soldiers should also be aware that the SGLI and DD 93 benefits are different than personal assets.