Free expense report template for divorce4/13/2024 If any of these expenses are paid by others-for example, if your parents help with your house payments-make note of the amount of and frequency of these third-party contributions. auto and transportation expenses (for example, insurance, gas, repairs, bus, and train).utilities (for example, gas, electric, water, trash, and Internet).healthcare costs that aren't paid by insurance.rent or mortgage (if mortgage, break out your principal and interest payments).To prepare for your divorce and help plan your future budget, use this checklist of some common expenses you might need to track: When you record the expense, note whether it is exact or estimated. When that's impossible, take a look at the past 12 months and get an idea of your average monthly costs. Whenever possible, though, provide exact amounts for your expenses. Don't fret: It's okay to estimate expenses to the best of your ability. The next month, though, you might have hundreds of dollars in repairs when your battery dies. For example, one month your vehicle-related expenses might consist of only your car payment and fuel. One of the most stressful parts of assessing your expenses is the fact that expenses change. If you pay child support or spousal support, you should include the court-ordered information with your financial disclosures to your spouse or the court, because those payments could impact your final "gross" income for the current child or spousal support payments. any other debt acquired by you or your spouse during the marriage.other lines of credit or installment payments.mortgages, including documents relating to lines of credit and second mortgages.When inventorying your debts, gather information about the following-even if the debt is in your or your spouse's name alone: In general, when a spouse has a debt that is considered separate or unique to that spouse-such as a student loan-the court will assign it to the spouse who acquired it. In most cases, if you and your spouse took on debt during your marriage, the court will evaluate it alongside your assets and assign it as required by state law. Debtsīefore the court can divide your estate, the judge must have a complete picture of your debts as well as your assets. ![]() In addition to gathering information for the above assets, if you have children and they have a trust or custodial account, such as a Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) account, make sure you have all the details handy. any other assets you or your spouse own, including inheritances.life insurance that has cash value, and.insurance plans for property, vehicles, and personal items.stocks, bonds, CDs, and other investments. ![]()
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