Not all cohabitating relationships last forever, and when they end, the property issues can be as challenging for unmarrieds as for spouses facing a divorce. Some unmarried couples have a cohabitation agreement that sets forth how the property they accumulated during their partnership will be divided, or perhaps they kept all of their assets and property separate throughout the relationship. In other instances, however, disputes can arise as to who gets what when the relationship ends.
Even property owned by one partner before the cohabitation began can pose a problem if during the relationship the other partner made significant contributions to the increase the property's value, either financially or by physical effort. This worksheet can be used by you and your attorney to determine how your property should be fairly divided, or by you and your partner to attempt to reach a compromise on property issues.
Homestead: |
To You: |
To Your Partner: |
Value |
$____________ |
|
|
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
In calculating the value of each partner's share, consider:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original mortgage amount __________
Current mortgage amount __________
Source of funds for mortgage payments, taxes, and insurance __________
Source of funds for home improvements __________
Source of funds for home maintenance __________
Source of effort for home improvements __________
Source of effort for home maintenance __________
Vacation Home: |
To You: |
To Your Partner: |
Value |
$____________ |
|
|
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
In calculating the value of each partner's share, consider:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original mortgage amount __________
Current mortgage amount __________
Source of funds for mortgage payments, taxes, and insurance __________
Source of funds for home improvements __________
Source of funds for home maintenance __________
Source of effort for home improvements __________
Source of effort for home maintenance
Rental Property: |
To You: |
To Your Partner: |
Value |
$____________ |
|
; |
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
In calculating the value of each partner's share, consider:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original mortgage amount __________
Current mortgage amount __________
Source of funds for mortgage payments, taxes, and insurance __________
Source of funds for improvements __________
Source of funds for maintenance __________
Source of effort for improvements __________
Source of effort for maintenance __________
Monthly rental income __________
Monthly expenses __________
Income produced __________
Business or Professional Property: |
To You: |
To Your Partner: |
Closely held business assets |
|
$____________ |
$____________ |
Business goodwill value |
|
$____________ |
$____________ |
Value of professional practice |
|
$____________ |
$____________ |
Value of professional license |
|
$____________ |
$____________ |
In calculating the value of each partner's share, consider the following, as applicable:
When purchased __________
Purchase price __________
Down payment amount __________
Source of down payment __________
Original loan amount __________
Current loan amount __________
Source of funds for loan payments, taxes, and insurance Source of funds for improvements __________
Source of funds for maintenance __________
Source of effort for improvements __________
Source of effort for maintenance __________
Monthly income __________
Partner's contributions as homemaker __________
Contributions of wage-earner partner while other earned degree __________
Vehicles: |
|
To You: |
To Your Partner: |
Vehicle #1: |
|
|
|
Value |
$____________ |
|
|
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
Vehicle #2: |
|
|
|
Value |
$____________ |
|
|
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
Vehicle #3: |
|
|
|
Value |
$____________ |
|
|
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
Boat: |
|
|
& |
Value |
$____________ |
|
|
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
Recreational Vehicle(s): |
To You: |
To Your Partner: |
Value |
$____________ |
|
|
Amount Owed |
$____________ |
|
|
Equity |
$____________ |
$____________ |
$____________ |
Financial Assets: |
To You: |
To Your Partner: |
Savings Account Assets |
$____________ |
$____________ |
Checking Account Assets |
$____________ |
$____________ |
Stocks, Bonds, and Other Securities |
$____________ |
$____________ |
Pensions, IRAs, 401(k)s, etc. |
$____________ |
$____________ |
Life Insurance Cash Values |
$____________ |
$____________ |
|
|
|
|
|
|
|
|
Other Property: |
To You: |
To Your Partner: |
Home furnishings (list): |
|
|
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
|
|
|
Personal property (list): |
|
|
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
|
|
|
Other (list): |
|
|
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
____________________________________ |
$____________ |
$____________ |
|
To You: |
To Your Partner: |
TOTAL PROPERTY VALUE |
$____________ |
$____________ |
Get Legal Help with Dividing Your Property
Divorce is a stressful and legally arduous experience, but a knowledgeable divorce attorney can safely guide you through the process and help ensure your financial security. Reach out to a local divorce attorney for help with filing your petition, dividing your marital property, and finalizing your divorce.