For anyone who’s gone through a divorce, you’re aware that there are a lot of moving pieces. From splitting assets to determining custody of children, there’s a lot to consider. That’s where a divorce asset spreadsheet comes in handy. At its core, a divorce asset spreadsheet is a simple document that helps you track all of your assets and liabilities. This includes everything from retirement accounts and investments to furniture and personal belongings. By creating a comprehensive list of your assets, you and your spouse can work towards an amicable and fair division of property. But where do you start? Well, luckily, we’ve found an excellent resource that provides a divorce asset spreadsheet for Illinois property division. The Sterling Hughes LLC has created a user-friendly spreadsheet that can make the daunting task of splitting up property a little more manageable. So, what does this divorce asset spreadsheet look like? Let’s take a closer look. Firstly, it’s important to note that the Sterling Hughes LLC spreadsheet is specifically tailored to Illinois. However, many of the categories included in the document can be adapted to fit other states as well. The spreadsheet itself is fairly straightforward. On the left-hand side of the page, you’ll find a list of various asset categories. These include real estate, vehicles, household goods, financial accounts, and more. As you go through and fill in the information for each item, the spreadsheet will automatically calculate the total value of your assets. But the real beauty of this document is the level of detail it provides. For example, under the “real estate” category, you’ll be asked to input your home’s address, the appraised value, your outstanding mortgage balance, and more. This level of specificity ensures that nothing falls through the cracks when it comes to dividing property. Another helpful aspect of the Sterling Hughes LLC spreadsheet is its inclusion of both marital and non-marital property. For those unfamiliar with these terms, marital property refers to anything that was acquired during the course of the marriage and is therefore subject to division. Non-marital property, on the other hand, is anything that was acquired prior to the marriage or received as an inheritance or gift. By clearly delineating between marital and non-marital property, the Sterling Hughes LLC spreadsheet helps you and your spouse come to a fair agreement. For example, if one of you brought a significant amount of assets into the marriage, those items may be considered non-marital property and not subject to division. Of course, there’s no denying that divorce can be an emotional and difficult process. But having a divorce asset spreadsheet can make the financial side of things a little more straightforward. By tracking all of your assets and liabilities in one place, you can ensure that nothing gets overlooked. Plus, having a clear understanding of your financial situation can help you make more informed decisions moving forward. Overall, we highly recommend utilizing the Sterling Hughes LLC divorce asset spreadsheet. Its user-friendly format and level of detail make it an excellent resource for anyone going through a divorce in Illinois. Just remember, it’s important to approach the property division process with an open mind and a willingness to compromise. At the end of the day, the goal is for both parties to walk away with a fair and equitable share of assets.
