Subject: San Diego California Sample Letter for Divorce — Comprehensive List of Liabilities and Assets Dear [Spouse's Name], I hope this letter finds you well amidst these challenging circumstances. In order to facilitate an equitable division of our shared responsibilities and assets, I have compiled a detailed list of our liabilities and assets to assist us in our divorce proceedings. Please review the following information carefully. 1. Real Estate: — Primary Residence: [Address, Current Market Value, Mortgage Remaining] — Investment Property: [Address, Current Market Value, Mortgage Remaining] 2. Financial Accounts: — Joint Bank Accounts: [Name of Bank, Account Number, Current Balance] — Individual Bank Accounts: [Name of Bank, Account Number, Current Balance] 3. Retirement and Investment Accounts: — 401(k) or IRA Accounts: [Account Holder, Account Number, Current Value] — Stocks, Bonds, Mutual Funds: [Description, Current Value] 4. Vehicles: — Automobiles: [Make, Model, Year, Estimated Value, Outstanding Loan] — Motorcycles or Recreational Vehicles: [Make, Model, Year, Estimated Value, Outstanding Loan] 5. Personal Property: — Furniture and Appliances: [Description, Estimated Value] — Electronics: [Description, Estimated Value] — Jewelry and Watches: [Description, Estimated Value] 6. Debts: — Mortgage(s): [Property Address, Outstanding Balance, Monthly Payment] — Vehicle Loans: [Vehicle Description, Outstanding Balance, Monthly Payment] — Credit Card Debt: [Creditor, Outstanding Balance, Monthly Payment] — Personal Loans: [Creditor, Outstanding Balance, Monthly Payment] 7. Business Interests: — Business Entity Name: [Description, Ownership Percentage, Estimated Value] — Partnership Interests: [Description, Ownership Percentage, Estimated Value] Please note that this list is not exhaustive and aims to provide an overview of our assets and liabilities. It is important to consult with a legal professional to ensure a comprehensive and accurate record of all relevant information for our divorce proceedings. Additionally, the division of assets and liabilities may be subject to negotiation and the specific laws in San Diego, California. I kindly request your cooperation and honest assessment of the listed information. By working together, we can streamline the divorce process and achieve a fair and amicable resolution. Should you have any questions or need further clarification, I am available to discuss the matter further. Let's stay committed to achieving a mutually beneficial outcome and prioritize the well-being of all parties involved. Thank you for your understanding and cooperation. Best regards, [Your Name]
San Diego California Sample Letter for Divorce - List of Liabilities and Assets
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Because each party is required to divulge all assets, hiding assets during a divorce amounts to contempt of court. A judge may issue sanctions and require the spouse who is found to have hidden assets to pay the other's legal fees. The judge can even grant higher alimony payments.
How to fill out the California Asset and Liability Disclosure FL-142 - \nYouTube YouTube Start of suggested clip End of suggested clip So it'll brace like a table of contents take a look up here top of the right-hand corner of theMoreSo it'll brace like a table of contents take a look up here top of the right-hand corner of the screen. And make sure that you realize that this form will only allow you to list all of your assets.
Property includes all assets and debts owned by both people, whether it is in both names, or just one person's name....Property may include: the family home. cash. bank accounts. investments. businesses. insurance policies. family trusts. superannuation.
Your liabilities include any you've accumulated during your marriage as well as during your divorce.
Finding secret bank accounts is possible, but it is not something that a divorce attorney will be able to do. You will need to enlist the help of a forensic accountant or a private investigator in order to find this information.
Separate bank accounts can still be considered community property. If you opened a bank account during your marriage, for example, even if it is only in your name, state law views it as communal property.
Marital Debts and Liabilities This may include debt on shared credit card accounts, mortgages, and outstanding bills for goods or services purchased during marriage, to give some examples. The divided obligations for taking care of debts after a divorce will depend on several factors, including each party's income.
If you are going through a divorce, separation or attending mediation, there is a duty of full and frank financial disclosure. This means that it is necessary for you and your spouse/partner to completely and honestly disclose your true financial positions.
Do Bank Statements Have to be Disclosed in CA Divorce? Under California law, each spouse is required to file a full financial disclosure report at the time of the divorce proceeding. This may include disclosure of bank statements and other assets.
Liabilities that are incurred during the marriage are generally considered marital unless the obligation is obtained only by one spouse who either forged the signature of the other spouse or affixed the unauthorized signature of the other spouse. In the recent case of Mills vs.
