[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Spouse's Name] [Spouse's Address] [City, State, ZIP] Subject: Request for Accounting of Property in Divorce or Separation Case Dear [Spouse's Name], I hope this letter finds you well. I am writing to formally request an accounting of all shared marital property in regard to our impending divorce or separation. As we both navigate through this difficult process, it is essential that we accurately identify and account for all assets, liabilities, and possessions acquired during our marriage. To facilitate an amicable resolution and ensure equitable division of our property, it is crucial that we provide complete and comprehensive documentation of our marital assets and debts. Kindly cooperate with this request, as it aligns with our shared goal of achieving a fair and transparent settlement. In order to expedite the process, I suggest we collaborate and exchange the following information/documentation: 1. Real Estate: — Copies of deeds and mortgage statements for all jointly owned properties. — Current valuation estimates for each property. — Any documentation outlining the division or sale of these properties. 2. Vehicles: — Titles and registration documentation for all shared vehicles. — Loan statements, if applicable— - Any agreements or plans related to vehicle division or sale. 3. Financial Assets: — Bank statements for all joint accounts. — Investment account statements, including 401(k)s, IRAs, stocks, bonds, etc. — Documentation of any pension plans or retirement benefits acquired during our marriage. — An accurate list of all outstanding debts and loans. 4. Personal Property: — A comprehensive inventory of household items, furniture, and appliances. — Valuation estimates, receipts, or appraisals for valuable items (jewelry, artwork, antiques). — Details of any property under dispute or subject to special considerations. I kindly request that you provide the mentioned documentation within [insert desired timeframe, e.g., 30 days] from the date of this letter. This will allow both of us to properly assess the value of our shared property and engage in meaningful negotiation or mediation, thereby avoiding unnecessary legal proceedings. I propose that we engage in a respectful and open dialogue to discuss the division of our property, allowing us to achieve a fair and mutually satisfactory resolution. Should you have any questions or concerns regarding this request or wish to suggest an alternative approach, please do not hesitate to contact me. I believe that transparent communication and cooperation will contribute to a smoother transition during this challenging time. I look forward to resolving these matters amicably and swiftly, fostering a conducive environment for our separation or divorce. Thank you for your attention to this matter. I appreciate your prompt response. Sincerely, [Your Full Name]
Tennessee 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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How to Write a Divorce Agreement Date of the agreement. Full name of both spouses. Marriage date and location. Date of marriage end. Child support and custody arrangements. Spousal support terms and conditions. Life and health insurance. Division of spousal assets and property.
In most cases, the marital home is considered marital property. This means that courts will have to decide who will get to keep the house if both parties cannot agree on what to do with the house (sell it and split the profits, give the house to one party in exchange for something else, etc.).
What Is the Financial Affidavit For? Both spouses need to know what they own, what they owe, and what they need to support themselves and their children so that family resources can be allocated appropriately and equitably between them in the divorce.
Under the laws of the state of Tennessee, property inherited is considered separate property which means it is not subject to distribution upon divorce. However, there are certain circumstances that can change the nature of the asset and convert it to marital property.
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.
Ing to Tennessee code § 36-4-121, the judge will split all marital assets equitably during a divorce. An equitable split doesn't necessarily mean that assets will be split 50/50. It means the division depends on circumstances such as each spouse's financial situation and their ability to earn an income.
In the state of Tennessee, marital property is divided in ance with the principal of equitable distribution. This means that, while each spouse may be equally entitled to a part of their shared property, marital assets do not have to be split into equal shares.
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.