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Is a division of property worksheet necessary?

When a marriage ends, few other aspects of the dissolution are as complicated as property division. In the event either spouse has substantial assets, debts or even business interests, this process can be made extremely complex and challenging. A great way to stay focused and organized during property division is to use a property worksheet. Although these tools are not necessary, they are an invaluable resource for what could be an extremely confusing process.

A standard division of property worksheet is relatively easy to use, but can be filled out by spouses or by their attorneys. While they can help spouses effectively organize all of their marital property and debts, they are mainly used as the foundation for a fair and equitable property division agreement.

Property division worksheets typically list all major properties and their characteristics first, followed by lesser items such as vehicles, financial assets and household belongings. Information regarding each piece of property is included in the worksheet to differentiate between marital and individual property. Since marital property, in most cases, is divided equally upon value, a suggested valuation is asked for on the division of property worksheet. By running down the list of items one at a time, and keeping the valuation relatively equal, divorcing spouses may be able to effectively reach an agreement regarding property division.

It is not necessary to use a division of property worksheet when determining how marital property will be divided in a divorce. They are, however, useful tools, especially for individuals with substantial assets and debts. An experienced divorce attorney can help spouses work through a division of property worksheet and reach a marital settlement agreement that is both fair and equitable.

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Victoria S. Linder Law Office
5303 Folsom Boulevard
Sacramento, CA 95819

Phone: 916-905-4805
Fax: 916-498-0127
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