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Form CAFC140 Property and Debt Statement Courts Mo

Form CAFC140 Property and Debt Statement Courts Mo

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hi I'm family law attorney Kyle scoresby in a previous video we talked about preparing to divide up assets and debts in and the process that we talked about in that video was identifying all the marital assets categorizing them as either community property or separate property and valuing them once those three steps are done identifying the assets categorizing them as marital property and valuing them then you're ready to go on to the actual division of assets itself and remember it's only the community property that gets divided that's why we have to categorize things as separate or community the community property is supposed to be divided yeah equitably which does not necessarily mean that each individual asset has to be divided up 5050 all it means is that the overall division of assets has to be fair and equitable in this example today we're going to be talking about a couple that has a house with $50,000 of equity in it of boat worth twenty

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