Subject: Sample Letter for Divorce — Comprehensive List of Liabilities and Assets in New Mexico Dear [Recipient's Name], I hope this letter finds you well. As we proceed with the divorce proceedings, it is essential to compile a detailed list of our liabilities and assets for an equitable division of our marital property and obligations in accordance with the laws of the State of New Mexico. 1. Real Estate: — [Property Address]: Provide a description, current market value, and any outstanding mortgage or liens associated with each property. — [Property Address]: Similarly, furnish details regarding this property, including market value, encumbrances, or mortgages. 2. Financial Accounts: — Bank Accounts: List all bank accounts held individually or jointly, specifying the financial institution, account number, and current balance. — Retirement Accounts: Include details of Individual Retirement Accounts (IRAs), 401(k)s, pensions, or any other retirement funds we possess. — Investment Accounts: Specify brokerage accounts, mutual funds, stocks, bonds, or other investment vehicles in our possession. — Business Interests: If applicable, mention the name(s) of any business entity, partnership, or proprietorship in which we have a stake, including the percentage of ownership. 3. Personal Property: — Vehicles: Provide a description, make, model, year, current value, and any outstanding loans or liens associated with each vehicle. — Collectibles and Valuables: List valuable items like artwork, antiques, jewelry, firearms, or any other collectible items, along with their respective estimated values. — Furniture and Appliances: Mention any notable pieces of furniture, appliances, or electronics along with their approximate value. — Household Items: Include an inventory of household goods such as kitchenware, decor, linens, and other items of significant worth. — Other Personal Property: This category can encompass anything from clothing, books, and tools to sports equipment or hobby-related items. 4. Debts and Liabilities: — Mortgages: Specify any outstanding mortgage balances and monthly payments associated with the properties mentioned earlier. — Loans: Detail outstanding loans such as personal loans, auto loans, student loans, or other debts related to financial institutions. — Credit Card Debt: List any credit card balances, indicating whether these are joint or individual obligations. — Taxes: Mention any outstanding tax liabilities or unpaid taxes for federal, state, or local jurisdictions. — Other Debts: Include any other significant financial obligations not mentioned above, such as outstanding medical bills or loans from individuals. Please ensure that this list is complete and accurate to facilitate a fair division of our assets and liabilities. If you have any additional assets or liabilities that may have been inadvertently omitted, kindly provide the necessary details. It's essential to remember that New Mexico follows equitable distribution laws when dividing marital property during divorce proceedings. Equitable distribution means that assets and debts will be split fairly, taking into account factors such as individual financial circumstances, contributions to the marriage, and the duration of the marriage. To proceed smoothly, it is highly recommended that you consult your attorney or seek legal advice to ensure compliance with the state's specific regulations and requirements pertaining to property division during divorce. We can work together or through our respective legal representatives to find a mutually agreeable resolution in dividing our liabilities and assets. Our ultimate goal should be to reach a fair and comprehensive settlement without unnecessary conflict. Thank you for your attention to this matter. If you have any questions or if there is any additional information you require, please do not hesitate to contact me. Kind regards, [Your Name]
New Mexico Sample Letter for Divorce - List of Liabilities and Assets
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Multi-State
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US-0397LTR
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This form is a sample letter in Word format covering the subject matter of the title of the form.
Subject: Sample Letter for Divorce — Comprehensive List of Liabilities and Assets in New Mexico Dear [Recipient's Name], I hope this letter finds you well. As we proceed with the divorce proceedings, it is essential to compile a detailed list of our liabilities and assets for an equitable division of our marital property and obligations in accordance with the laws of the State of New Mexico. 1. Real Estate: — [Property Address]: Provide a description, current market value, and any outstanding mortgage or liens associated with each property. — [Property Address]: Similarly, furnish details regarding this property, including market value, encumbrances, or mortgages. 2. Financial Accounts: — Bank Accounts: List all bank accounts held individually or jointly, specifying the financial institution, account number, and current balance. — Retirement Accounts: Include details of Individual Retirement Accounts (IRAs), 401(k)s, pensions, or any other retirement funds we possess. — Investment Accounts: Specify brokerage accounts, mutual funds, stocks, bonds, or other investment vehicles in our possession. — Business Interests: If applicable, mention the name(s) of any business entity, partnership, or proprietorship in which we have a stake, including the percentage of ownership. 3. Personal Property: — Vehicles: Provide a description, make, model, year, current value, and any outstanding loans or liens associated with each vehicle. — Collectibles and Valuables: List valuable items like artwork, antiques, jewelry, firearms, or any other collectible items, along with their respective estimated values. — Furniture and Appliances: Mention any notable pieces of furniture, appliances, or electronics along with their approximate value. — Household Items: Include an inventory of household goods such as kitchenware, decor, linens, and other items of significant worth. — Other Personal Property: This category can encompass anything from clothing, books, and tools to sports equipment or hobby-related items. 4. Debts and Liabilities: — Mortgages: Specify any outstanding mortgage balances and monthly payments associated with the properties mentioned earlier. — Loans: Detail outstanding loans such as personal loans, auto loans, student loans, or other debts related to financial institutions. — Credit Card Debt: List any credit card balances, indicating whether these are joint or individual obligations. — Taxes: Mention any outstanding tax liabilities or unpaid taxes for federal, state, or local jurisdictions. — Other Debts: Include any other significant financial obligations not mentioned above, such as outstanding medical bills or loans from individuals. Please ensure that this list is complete and accurate to facilitate a fair division of our assets and liabilities. If you have any additional assets or liabilities that may have been inadvertently omitted, kindly provide the necessary details. It's essential to remember that New Mexico follows equitable distribution laws when dividing marital property during divorce proceedings. Equitable distribution means that assets and debts will be split fairly, taking into account factors such as individual financial circumstances, contributions to the marriage, and the duration of the marriage. To proceed smoothly, it is highly recommended that you consult your attorney or seek legal advice to ensure compliance with the state's specific regulations and requirements pertaining to property division during divorce. We can work together or through our respective legal representatives to find a mutually agreeable resolution in dividing our liabilities and assets. Our ultimate goal should be to reach a fair and comprehensive settlement without unnecessary conflict. Thank you for your attention to this matter. If you have any questions or if there is any additional information you require, please do not hesitate to contact me. Kind regards, [Your Name]
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