[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request to Account for Property — Divorce or Separation Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally request your cooperation in accounting for our shared property as we navigate through the process of divorce/separation. As we begin to dissolve our marital union, it is essential that we accurately document and distribute our mutual assets and liabilities according to Delaware laws. As you may be aware, Delaware follows an equitable distribution approach in dividing property during divorce or separation proceedings. This means that all marital property, acquired during the course of our marriage, will be fairly divided between us. To initiate this procedure, I kindly request your assistance in compiling a comprehensive list of assets and liabilities that we jointly possess. The purpose of this request is to ensure transparency and fairness during the distribution process. To facilitate this, please provide a detailed account of all property, including but not limited to: 1. Real estate: List all properties, including primary residence, vacation homes, rental properties, etc. Please include property valuations, mortgage information, and any related documentation. 2. Vehicles: Provide information on all vehicles owned jointly or individually, such as cars, motorcycles, boats, etc. Include details about make, model, year, registration, and current value. 3. Financial accounts: List all bank accounts, investment portfolios, retirement accounts (401(k), IRA), and any other financial assets held either jointly or individually. Specify the account names, financial institutions, current balances, and any relevant account numbers. 4. Debts and liabilities: Disclose any outstanding debts, loans, mortgages, or credit card debts, whether held jointly or individually. Include names of lenders, account numbers, outstanding balances, and applicable terms. 5. Personal properties: Account for items of significant value, such as jewelry, artwork, furniture, electronics, and other personal belongings. Include detailed descriptions, photographs, and estimated market values. I kindly request that you provide the above information within [specify a reasonable timeframe, e.g., 30 days] from the date of this letter. We may consider extending this deadline if further coordination is required. Rest assured, all information shared will remain confidential and will solely be used for the purpose of property division. In the interest of a smooth and amicable divorce/separation process, I propose that we engage in open and honest communication throughout. If there are any specific considerations or concerns regarding the division of property, I encourage you to express them. Together, we can negotiate a fair and mutually acceptable resolution, potentially avoiding costly legal disputes. Please acknowledge receipt of this letter via email or mail, and confirm your commitment to providing the requested information in a timely manner. Should you require any clarification or further assistance, please do not hesitate to reach out to me. Thank you for your understanding and cooperation in this matter. I look forward to resolving our shared property affairs respectfully and efficiently. Warm regards, [Your Name]
Delaware Sample Letter for Divorce or Separation - Request to Account for Property
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How to fill out Sample Letter For Divorce Or Separation - Request To Account For Property?
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What You Should Include in a Divorce Letter Start the letter with something like ?The previous night was tough on me. ... An explanation of your decision. ... How to proceed with the next steps. ... Your name, your spouse's name, and the date you sent the letter.
To put it into simple terms, divorce is the legal termination of a marriage. It is a permanent solution to a broken relationship that cannot be mended. The main difference between being separated and divorced is that both parties can remarry once the divorce is finalised.
Delaware is not a community property state. A judge will decide what is an equitable division of marital property in a divorce if you and your spouse cannot agree. There are specific factors the Court must consider that are set out by statute.
Contrary to popular belief, Delaware is not a ?50/50 State? and the Court may divide the marital assets and debts in any equitable manner.
Most divorcees have three options when it comes to the marital home: (1) both keep the home temporarily; (2) one ex keeps the house and refinances the mortgage, which removes the other ex from the loan; or (3) sell the house and split the equity.
Ordinarily there is a division of percentages. You might see the marital property divided 50/50, 60/40, 70/30, or 55/45, depending on all of the factors that the court is going to examine. Some more factors Courts will examine include: Age and health of couple.
Separation in Delaware There is no separate ?legal separation? provision in our state. However, spouses wishing to live apart but not necessarily divorce can negotiate a Separation Agreement in Delaware. Generally, in this case, spouses are in agreement regarding the ending of the marriage.
Delaware is what is called an ?equitable distribution? state. This means that marital property means all property acquired during the marriage (even if in just one spouse's name) and will not automatically be split 50/50 in a divorce. Instead, the Court will decide what kind of split is ?equitable? or fair.