Fill and Sign the Summary Dissolution Marriage Montana Law Help Form

VIII. WORKSHEET FOR DETERMINING VALUE AND DIVISION OF COMMUNITY PROPERTY. (This side of the sheet will help you determine whether you are eligible to use the Summary Dissolution. The grant total value of your community property must be LESS than $32,000.) (This side of the sheet will help you decide on a fair division of your property. It will help you prepare your Property Settlement Agreement. A. Bank accounts, credit union accounts, retirement funds, cash value of insurance policies, etc. Item Account No. Amount Wife Receives Husband Receives SUBTOTAL A B. Items you own outright. (For example, stocks and bonds, sports gear, furniture, household items, tools, interests in businesses, jewelry, etc. Do NOT include cars.) Item Fair Mkt Value Wife Receives Husband Receives SUBTOTAL B C. Items you are buying on credit. (For example, stereo equipment, appliances, furniture, tools, etc. Do NOT include cars. = Item Fair Mkt Value Minus Amount Owed Net Fair Mkt Value Wife Receives Husband Receives = = = = SUBTOTAL C SUBTOTALS A+B+C= *GRAND TOTAL VALUE OF COMMUNITY PROPERTY VIII. WORKSHEET FOR DETERMINING VALUE AND DIVISION OF SEPARATE PROPERTY. (This worksheet will help you to determine whether you are eligible to use the Summary Dissolution procedure. The total fair market value of the wife’s separate property CANNOT be more than $32,000. The total fair market value of the husband’s separate property CANNOT be more than $32,000. Separate property is anything that either of you owned or earned before you got married, anything you earned or bought after your separation, and anything that was given to just one of you as a gift during your marriage. Do NOT include cars. A. Bank accounts, credit union accounts, retirement funds, cash value of insurance policies, etc. Item Account No. Wife’s Property Fair Market Value Husband’s Property Fair Market Value B. Items owned outright Item C. Items bought on credit Item Fair Market Value Minus What’s Owed = = = = = = = * ** GRAND TOTALS WIFE’S AND HUSBAND’S SEPARATE PROPERTY VIII. WORKSHEET FOR DETERMINING COMMUNITY OBLIGATIONS. WORKSHEET FOR DETERMINING DIVISION OF OBLIGATIONS. (This side of the worksheet will help you to determine whether you are eligible to use the Summary Dissolution. The total amount of your community obligations (debts) CANNOT be more than $4,000. Do NOT include car loans. Be sure you include any other debts you took on while you were living together as husband and wife. List the amount you owe on the items from your Worksheet for Determining Community Property. Then add all other debts and bills including loans, charge accounts, medical bills, and taxes you owe. (This side of the worksheet will help you decide on a fair way to divide up your community obligations. You will use this information in preparing a Property Settlement Agreement. (See page 15.) Item Account No. Amount Owed Wife Will Pay Husband Will Pay TOTAL Wife’s Share Of Community Obligations Husband’s Share Of Community Obligations