Divorce is like taking a knife and fork to a vegetable garden. The separation of the spouses is like pruning the garden, to make it beautiful. A work sheet can be your “heel” and all the kitchen equipment the “toe”.
If you want to decide how to divide up your spouse’s assets during a divorce, then you will need to work out a financial plan for yourself. At the same time, it is also necessary that you give your spouse an accurate accounting of what you are able to provide in terms of income and expenses.
If you are familiar with Divorce Worksheets, you will know that there are two different kinds of them – one for attorneys and one for family court. Typically, an attorney work sheet will have instructions on how to split up the assets and what will be the property that one spouse is entitled to. The former document should include all of the specific information about the assets that each spouse has acquired through either inheritance or purchase, and the latter will just state the “undue burden” that will need to be paid by one spouse or the other.
In family court proceedings, the judge will divide the assets according to what each party has agreed to. A judge will ask the parties to answer a series of questions about the assets, and they will make a best efforts determination as to who gets what. This is usually what we refer to as equitable distribution.
For example, if you had a business with employees, you could work out a work sheet to determine how each employee gets his share of the business. A work sheet could go something like this – “Each of you will get an equal amount of share of the business. Each spouse will divide their share of the business.
The judge will sort it out, if that was all agreed to. In this case, the judge would expect the judge to say what he or she thinks the fair division of the business is, and what the fair division of the assets is, and how you are going to treat each of your shares of the business. This is done because a judge needs to be able to split the assets fairly between the two spouses.
When a judge does get a work sheet that has a conclusion for each of the parties, it is likely that the judge will tell one spouse to be generous or the other spouse to be frugal. This will help the judge determine whether the division of assets was fair or not. If the judge decides that the assets were distributed unfairly, then the judge can order a new work sheet.
Divorce worksheets are a great tool to use in divorce and family court proceedings. They are usually fairly simple to use and relatively easy to read. In fact, it is probably one of the best documents that you can have prepared for a divorce or a trial.
