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Page 139
MarketDebtNet ValueHusband's ShareWife's ShareTotal Value
1. House____________________________________
2. Business____________________________________
3. Car____________________________________
4. Savings____________________________________
5. Checking____________________________________
6. Pension____________________________________
7. IRA____________________________________
8. CD____________________________________
9. Furniture____________________________________
10. Jewelry____________________________________
11. Other____________________________________
Total:____________________________________
Amount needed to make division equal:
____________________________________

The Least You Need to Know
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When dividing assets, strive to share fairly with your spouse.
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Debt will be allocated based not only on who incurred it, but also on what it was incurred for and who has what income.
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Before selling your house, be sure that is the wisest financial course of action.
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If one of you is going to have continued use of the house, be sure to spell out the time frame by which such use will stop; do clarify a mechanism for selling the house up front.
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Consult with an accountant about the tax consequences of selling your house and keeping your name on the deed.

 
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