Phoenix Arizona Sample Letter for Divorce - List of Liabilities and Assets

• Category: Letters - Legal - Divorce
• State: Multi-State
• City: Phoenix
• Control #: US-0397LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Dear [Spouse's Name], I hope this letter finds you well. As we navigate through this challenging time in our lives, I believe it is essential to proceed with clarity and transparency. Therefore, I am writing to provide you with a detailed list of our joint liabilities and assets as we embark on the divorce process. 1. Real Estate: a. 1234 Main Street, Phoenix — This property, which we currently reside in, is jointly owned with an estimated value of $500,000. The outstanding mortgage balance is $250,000. b. 5678 Oak Avenue, Scottsdale — A rental property with a market value of $200,000. The remaining mortgage balance is $150,000. 2. Financial Assets: a. Checking Account — Account number 123456789 with ABC Bank, containing a balance of $10,000. b. Savings Account — Account number 987654321 with XYZ Credit Union, holding $20,000. c. Retirement Accounts — We both have separate retirement accounts: spouse A has a 401(k) with ACME Inc. worth $150,000, and spouse B has an IRA with DEF Investments totaling $75,000. 3. Vehicles: a. 2018 Honda Accord — Registered in spouse A's name, with an estimated value of $20,000. b. 2015 Toyota Camry — Registered in spouse B's name, with an estimated value of $15,000. 4. Personal Belongings: a. Furniture and Appliances — We own various furniture and appliances acquired during our marriage, estimated to be worth $10,000. b. Electronics — Including televisions, gaming consoles, and laptops, with a total value of $5,000. c. Jewelry — We each have individual jewelry items, valued at $2,500 for spouse A and $3,000 for spouse B. 5. Debts and Liabilities: a. Mortgage on 1234 Main Street — As mentioned above, there is an outstanding balance of $250,000. b. Vehicle Loans — We have an auto loan for the Honda Accord with a balance of $5,000 and a loan for the Toyota Camry with a balance of $3,000. c. Credit Card Debt — Combined credit card debt amounts to $15,000, spread across various cards. Please take the time to review this list carefully. It is crucial that we ensure an equitable division of our shared responsibilities. If there are any discrepancies or additional assets or liabilities that need to be included, kindly inform me in writing within [time frame] to ensure accuracy. We can discuss the division of these assets and liabilities further during our upcoming divorce proceedings or seek mediation if needed. I believe that working together amicably will enable us to reach a fair resolution for both parties involved. I hope this list provides the necessary clarity and transparency for our divorce proceedings. Please feel free to reach out if you have any questions or require further information. Sincerely, [Your Name]

Dear [Spouse's Name], I hope this letter finds you well. As we navigate through this challenging time in our lives, I believe it is essential to proceed with clarity and transparency. Therefore, I am writing to provide you with a detailed list of our joint liabilities and assets as we embark on the divorce process. 1. Real Estate: a. 1234 Main Street, Phoenix — This property, which we currently reside in, is jointly owned with an estimated value of $500,000. The outstanding mortgage balance is $250,000. b. 5678 Oak Avenue, Scottsdale — A rental property with a market value of $200,000. The remaining mortgage balance is $150,000. 2. Financial Assets: a. Checking Account — Account number 123456789 with ABC Bank, containing a balance of $10,000. b. Savings Account — Account number 987654321 with XYZ Credit Union, holding $20,000. c. Retirement Accounts — We both have separate retirement accounts: spouse A has a 401(k) with ACME Inc. worth $150,000, and spouse B has an IRA with DEF Investments totaling $75,000. 3. Vehicles: a. 2018 Honda Accord — Registered in spouse A's name, with an estimated value of $20,000. b. 2015 Toyota Camry — Registered in spouse B's name, with an estimated value of $15,000. 4. Personal Belongings: a. Furniture and Appliances — We own various furniture and appliances acquired during our marriage, estimated to be worth $10,000. b. Electronics — Including televisions, gaming consoles, and laptops, with a total value of $5,000. c. Jewelry — We each have individual jewelry items, valued at $2,500 for spouse A and $3,000 for spouse B. 5. Debts and Liabilities: a. Mortgage on 1234 Main Street — As mentioned above, there is an outstanding balance of $250,000. b. Vehicle Loans — We have an auto loan for the Honda Accord with a balance of $5,000 and a loan for the Toyota Camry with a balance of $3,000. c. Credit Card Debt — Combined credit card debt amounts to $15,000, spread across various cards. Please take the time to review this list carefully. It is crucial that we ensure an equitable division of our shared responsibilities. If there are any discrepancies or additional assets or liabilities that need to be included, kindly inform me in writing within [time frame] to ensure accuracy. We can discuss the division of these assets and liabilities further during our upcoming divorce proceedings or seek mediation if needed. I believe that working together amicably will enable us to reach a fair resolution for both parties involved. I hope this list provides the necessary clarity and transparency for our divorce proceedings. Please feel free to reach out if you have any questions or require further information. Sincerely, [Your Name]