Gathering Information for Property Division
If you are preparing for a divorce, there are several steps you can take to gather information that will assist your attorney with property division. Here’s a comprehensive guide to help you start:
Real Property and Mineral Interests
- Real Property: Land and anything attached to it. Check county clerk’s office property records.
- Mineral Interests: These are usually recorded and can be found in the county clerk’s office.
Vehicles and Recreational Items
- Vehicles: Cars, boats, airplanes, motorcycles, mobile homes, trailers, RVs. Valued using online methods like Kelley Blue Book or Black Book for antiques and special vehicles.
- Recreational Items: Including sporting goods, firearms, and equipment.
Financial Accounts and Retirement Benefits
- Retirement Benefits: Defined benefits, IRAs, military, union, and insurance benefits. Gather all relevant documentation.
- Debts: Obtain your credit report, credit card statements, and tax invoices. List all liabilities.
Household Items and Digital Assets
- Household Items: Furnishings, electronics, antiques, and artwork. Use inventory apps to document and value items.
- Digital Assets: Include email addresses, social media accounts, websites, and digital media. Also, list any virtual assets like game purchases and in-app items.
Unique Assets
- Club Memberships and Travel Benefits: Country clubs, season tickets, prepaid vacations, etc.
- Intellectual Property: Patents, trademarks, copyrights.
- Farm and Construction Equipment: Include all relevant details and valuations.
Children’s Property and Liabilities
- Custodial Accounts: Inheritance or awards for children.
- 529 Plans: College savings plans.
- Debts and Liabilities: Including attorney fees, professional fees, and any pending lawsuits.
Important Tips
- Document Everything: Take pictures, get appraisals, and gather serial numbers.
- Digital Records: Scan and digitize documents to make sharing with your attorney easier.
- Secure Passwords: Only access accounts with permission to avoid legal issues.
- Expert Assistance: Consult an attorney for complex property or if you lack access to necessary information.
