Chicago Illinois Sample Letter for Divorce or Separation - Request to Account for Property

• Category: Letters - Legal - Divorce
• State: Multi-State
• City: Chicago
• Control #: US-0323LTR
• Format: Word; Rich Text

Description

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] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Property Division and Accounting in Divorce/Separation Dear [Recipient's Name], I hope this letter finds you well. I am writing to address the division and accounting of our shared assets and properties as we proceed with the divorce/separation process. It is crucial for both parties to have a clear understanding of the total assets, liabilities, and their respective values to ensure a fair and equitable division. Firstly, I would like to express my commitment to working together in a civilized and respectful manner throughout this process. By actively participating in an open and transparent dialogue, I believe we can reach a mutually satisfactory agreement regarding the division of our properties. In order to facilitate this, I kindly request that we engage in a thorough accounting of all assets, properties, and debts that have been acquired during our marriage/partnership. The purpose of this request is to establish an accurate inventory of our joint and individual holdings, which will serve as the foundation for the subsequent property division discussions. To help us efficiently gather all the relevant information, I propose the following steps: 1. Complete Inventory: Each of us should create a comprehensive list of all real estate, vehicles, bank accounts, investment portfolios, retirement plans, businesses, personal property, and any other valuable assets owned individually or jointly during the course of our marriage/partnership. 2. Documentation: We should gather all supporting documents such as property deeds, titles, lease agreements, mortgage statements, bank statements, savings account records, tax returns, insurance policies, appraisals, and any other relevant paperwork that will help in accurately assessing the value of each asset. 3. Asset Valuation: Once we have compiled the inventory and supporting documents, it would be beneficial to consult professionals such as real estate appraisers, financial advisors, and accountants, who can assist in determining the fair market value of certain assets. 4. Debts and Liabilities: We should also account for all outstanding debts, loans, and liabilities, whether incurred individually or jointly during the marriage/partnership, for a complete and accurate representation of our financial situation. 5. Mediation or Legal Assistance: After we have gathered and assessed all the necessary information, we can consider seeking the help of a mediator or hiring separate legal representatives to guide us through the property division process. This will ensure that both our individual interests and a fair distribution of assets are protected. By engaging in the above steps, we can collaboratively work towards a comprehensive property division settlement that considers the best interests of both parties involved. Open communication, cooperation, and mutual respect will be essential throughout this process. I propose that we initiate these proceedings as soon as possible to promote a timely resolution and minimize undue stress and psychological strain on both of us. Please review this request and let me know if you have any questions or concerns. I believe that by addressing this matter in an organized and fair manner, we can reach a swift and amicable resolution. Thank you for your attention to this matter. I look forward to your response. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Property Division and Accounting in Divorce/Separation Dear [Recipient's Name], I hope this letter finds you well. I am writing to address the division and accounting of our shared assets and properties as we proceed with the divorce/separation process. It is crucial for both parties to have a clear understanding of the total assets, liabilities, and their respective values to ensure a fair and equitable division. Firstly, I would like to express my commitment to working together in a civilized and respectful manner throughout this process. By actively participating in an open and transparent dialogue, I believe we can reach a mutually satisfactory agreement regarding the division of our properties. In order to facilitate this, I kindly request that we engage in a thorough accounting of all assets, properties, and debts that have been acquired during our marriage/partnership. The purpose of this request is to establish an accurate inventory of our joint and individual holdings, which will serve as the foundation for the subsequent property division discussions. To help us efficiently gather all the relevant information, I propose the following steps: 1. Complete Inventory: Each of us should create a comprehensive list of all real estate, vehicles, bank accounts, investment portfolios, retirement plans, businesses, personal property, and any other valuable assets owned individually or jointly during the course of our marriage/partnership. 2. Documentation: We should gather all supporting documents such as property deeds, titles, lease agreements, mortgage statements, bank statements, savings account records, tax returns, insurance policies, appraisals, and any other relevant paperwork that will help in accurately assessing the value of each asset. 3. Asset Valuation: Once we have compiled the inventory and supporting documents, it would be beneficial to consult professionals such as real estate appraisers, financial advisors, and accountants, who can assist in determining the fair market value of certain assets. 4. Debts and Liabilities: We should also account for all outstanding debts, loans, and liabilities, whether incurred individually or jointly during the marriage/partnership, for a complete and accurate representation of our financial situation. 5. Mediation or Legal Assistance: After we have gathered and assessed all the necessary information, we can consider seeking the help of a mediator or hiring separate legal representatives to guide us through the property division process. This will ensure that both our individual interests and a fair distribution of assets are protected. By engaging in the above steps, we can collaboratively work towards a comprehensive property division settlement that considers the best interests of both parties involved. Open communication, cooperation, and mutual respect will be essential throughout this process. I propose that we initiate these proceedings as soon as possible to promote a timely resolution and minimize undue stress and psychological strain on both of us. Please review this request and let me know if you have any questions or concerns. I believe that by addressing this matter in an organized and fair manner, we can reach a swift and amicable resolution. Thank you for your attention to this matter. I look forward to your response. Yours sincerely, [Your Name]