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Vermont Sample Letter for Divorce - List of Liabilities and Assets

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Multi-State
Control #:
US-0397LTR
Format:
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This form is a sample letter in Word format covering the subject matter of the title of the form.

[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: Vermont Sample Letter for Divorce — List of Liabilities and Assets Dear [Recipient's Name], I hope this letter finds you well. I am writing to provide a comprehensive list of liabilities and assets as part of the divorce settlement process between myself and [Spouse's Name]. This letter is in accordance with the legal requirements outlined by the state of Vermont. 1. Types of Vermont Sample Letter for Divorce — List of Liabilities and Assets: a. Vermont Sample Letter for Divorce — List of Liabilities b. Vermont Sample Letter for Divorce — List of Assets a. Vermont Sample Letter for Divorce — List of Liabilities: Below is a detailed list outlining the liabilities acquired during the course of our marriage: 1. Mortgage: — Property Address: [Address— - Lender: [Lender Name] — Loan Number: [Loan Number— - Principal Balance: [Principal Balance] — Monthly Payment: [Monthly Payment] 2. Auto Loan: — Vehicle Make and Model: [Make and Model] — Lender: [Lender Name— - Loan Number: [Loan Number] — Principal Balance: [Principal Balance] — Monthly Payment: [Monthly Payment] 3. Credit Card Debt: — Creditor #1: [Creditor Name— - Account Number: [Account Number] — Balance: [Balance— - Monthly Payment: [Monthly Payment] — Creditor #2: [Creditor Name— - Account Number: [Account Number] — Balance: [Balance— - Monthly Payment: [Monthly Payment] 4. Personal Loan: — Lender: [Lender Name— - Loan Number: [Loan Number] — Principal Balance: [Principal Balance] — Monthly Payment: [Monthly Payment] Note: Along with the above-mentioned liabilities, any other outstanding debts or financial obligations incurred during our marriage should be included. b. Vermont Sample Letter for Divorce — List of Assets: Below is a detailed list outlining the assets accumulated during the course of our marriage: 1. Real Estate: — Property Address: [Address— - Current Market Value: [Market Value] — Acquisition Date: [Acquisition Date] 2. Vehicles: — Vehicle #1— - Make and Model: [Make and Model] — Year: [Year— - Current Market Value: [Market Value] — Vehicle #2— - Make and Model: [Make and Model] — Year: [Year— - Current Market Value: [Market Value] 3. Bank Accounts: — Bank #1: [Bank Name— - Account Number: [Account Number] — Current Balance: [Balance— - Bank #2: [Bank Name] — Account Number: [Account Number— - Current Balance: [Balance] 4. Retirement Accounts: — Account #1: [Account Type— - Account Holder's Name: [Account Holder's Name] — Account Number: [Account Number— - Current Balance: [Balance] — Account #2: [Account Type— - Account Holder's Name: [Account Holder's Name] — Account Number: [Account Number— - Current Balance: [Balance] Note: Please ensure that any other valuable assets, investments, or significant properties acquired during our marriage are included. It is essential to note that the aforementioned information is subject to verification, and I am open to discussing any discrepancies or discrepancies you may identify. I believe that an equitable distribution of liabilities and assets is crucial to ensure a fair and just divorce settlement. If there is any additional documentation or information required, please let me know, and I will promptly provide the necessary paperwork. I believe that together, we can expedite this process and reach an amicable resolution. Thank you for your attention to this matter. I look forward to resolving this divorce settlement in an equitable and timely manner. Yours sincerely, [Your Name]

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For instance, property, which you or your spouse inherits, is considered marital property, and property given to you or your spouse by a family member is also considered marital property. The court can also divide property which either spouse owned before the marriage.

In Vermont, the courts will divide all marital property at the time of your divorce. Virtually all property you own is marital property.

The judge can grant you a divorce in Vermont if either you or your spouse has lived in Vermont for at least six months. However, if you want to file for divorce for any reason, you or your spouse must have lived in Vermont for one year before the final hearing for the judge to issue a final divorce decree.

Whether you are the plaintiff or the defendant does not affect the outcome of your case. The main form you file to start a divorce case is called a complaint. The complaint is not the only form you have to fill out.

Property division means that the court will divide your assets and liabilities between the two of you in your divorce. How will they be divided? Vermont is an ?equitable property? state. This means that the rule of thumb is that everything you own, and everything you owe, should be divided in half.

The final stipulation shows your mutual agreement to divorce, and your agreement on all financial and property issues. That includes the division of your property, allocation of your debts, and whether either of you will pay the other any ongoing spousal support. Both of you must sign the stipulation.

Even so, some spouses seek a fault-based divorce in hopes of gaining an advantage when it comes to custody or support decisions. Under Vermont divorce laws, a fault-based divorce will be granted for the following reasons: adultery.

Vermont is an equitable distribution state, meaning that courts will fairly and equitably divide the marital property between you and your ex. It is important to understand that ?fairly and equitably? does not necessarily mean that everything will be divided equally.

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Vermont Sample Letter for Divorce - List of Liabilities and Assets