Drafting Divorce Asset Inventory

Sure! Here's a more detailed explanation for drafting an inventory of marital and non-marital assets in a Pennsylvania divorce:
*. List All Assets:
- Include everything owned, like homes, cars, furniture, bank accounts, investments, and retirement funds.

*. Categorize Assets:
- Marital Assets: Acquired during the marriage, typically shared.
- Non-Marital Assets: Owned before marriage, or acquired by gift/inheritance.
*. Documentation:
- Gather documents such as deeds for properties, bank statements, investment records, and appraisals for valuable items.
*. Value and Acquisition Date:
- Note the current value and the date each asset was acquired. This helps in determining what might be considered marital property.
*. Local Court Rules:
- Each court may have specific requirements, so it's important to check with the local court rules or website for guidance.
Consulting with a lawyer is often beneficial to ensure accuracy and compliance with local laws.

When drafting an inventory for divorce in Pennsylvania, common assets typically listed include:
- Real Estate: Homes and land.
- Personal Property: Cars, furniture, and jewelry.
- Bank Accounts: Checking and savings.
- Investments: Stocks, bonds, and mutual funds.
- Retirement Accounts: *(k), IRAs.
Ensure you categorize them as marital or non-marital and provide documentation for each asset.