Difference between revisions of "Dividing Property and Debt in Family Law Matters"
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::*What was the value of each asset on the date you began to live together or got married, whichever was first? | ::*What was the value of each asset on the date you began to live together or got married, whichever was first? | ||
::*For property acquired during the relationship, when did you acquire each asset and what was it worth when you received it? | ::*For property acquired during the relationship, when did you acquire each asset and what was it worth when you received it? | ||
:*What did you do with your property during your relationship? Is it still around? Did you sell it and buy something else? | ::*What did you do with your property during your relationship? Is it still around? Did you sell it and buy something else? | ||
:*Do you still have any debts from before your relationship started? If so, how much did you owe on the date you began to live together or got married, whichever was first? | ::*Do you still have any debts from before your relationship started? If so, how much did you owe on the date you began to live together or got married, whichever was first? | ||
:*Have you incurred any new debt after the date of your separation? Did you add to any debts incurred during your relationship after separation? If so, how much new debt have you racked up? | ::*Have you incurred any new debt after the date of your separation? Did you add to any debts incurred during your relationship after separation? If so, how much new debt have you racked up? | ||
<blockquote>For ''family property'' and ''family debt'', you need to know:</blockquote> | <blockquote>For ''family property'' and ''family debt'', you need to know:</blockquote> | ||
:*What is the value of each asset now? | ::*What is the value of each asset now? | ||
:*Is there any property that was bought after separation with family property? If so, what is the value of those assets? | ::*Is there any property that was bought after separation with family property? If so, what is the value of those assets? | ||
:*What are the debts owed by you, by your spouse or by both of you, and how much is owing now? | ::*What are the debts owed by you, by your spouse or by both of you, and how much is owing now? | ||
:*If new debt was incurred after the date of separation, was any of it incurred to pay for family property? It so, how much new debt was spent on family property? | ::*If new debt was incurred after the date of separation, was any of it incurred to pay for family property? It so, how much new debt was spent on family property? | ||
'''Step Seven''' | '''Step Seven''' | ||