Worksheet: Money/Assets/Liabilities

The first part of the assessment has to do with monetary issues and assets. The first series of questions are for those of you who are thinking about or beginning the divorce process.

  1. I have a bank account(s) in my own name
    • Yes ____
    • No ____
  2. I have a bank account(s) with my spouse
    • Yes ____
    • No ____
  3. I have no bank account(s) at all ____
  4. I have real property, such as a home, land, time-share condo or other dwelling in:
    • My own name ____
    • Joint title with my spouse ____
    • All property is in my spouse’s name ____
  5. Was this property acquired
    • Before marriage ____
    • After marriage ____
    • During marriage ____
  6. The money for this property was acquired from
    • Joint funds ____
    • Funds I/spouse had pre-marriage ____
    • A gift to me ____
    • A gift to my spouse ____
    • A gift to both of us ____
    • Inheritance by me ____
    • Inheritance by my spouse ____
    • Neither of us owns property ____
  7. I have stocks and bonds and other investments in
    • My own name ____
    • Joint title with my spouse ____
    • All assets are in his/her name ____
  8. These assets were acquired
    • Before marriage ____
    • After marriage ____
    • During marriage ____
    • Neither of us have investments ____
  9. These assets were acquired from
    • Joint funds ____
    • Funds I had pre-marriage ____
    • Funds my spouse had pre-marriage ____
    • A gift to me ____
    • A gift to my spouse ____
    • A gift to both of us ____
    • An inheritance by me ____
    • An inheritance by my spouse ____
  10. I have credit cards in
    • My name only ____
    • Joint accounts with my spouse ____
    • Credit cards are in his/her name only ____
  11. I have a prenuptial or postnuptial agreement that includes stipulations for all my property and assets as separate property.
    • Yes ____
    • No ____
  12. I have complete knowledge with regard to all joint liabilities and the liabilities of my soon to be ex.
    • Yes ____
    • No ____
    • Not sure ____
  13. If your answer is yes, please list them.
    _______________________________________________
    _______________________________________________
    _______________________________________________
  14. Do you have any lines of credit, ATM cards, or open accounts where cash can be made available?
    • Yes ____
    • No ____
    • Not sure ____

The following is for those of you who are completing the divorce process or who have been divorced for one or more years.

  1. I am financially dependent upon my ex for
    • Child Support ____
    • Spousal Support ____
  2. I have property and assets (includes cars, boats, etc) in
    • My name only ____
    • Still jointly with my ex ____
    • Everything is in his/her name ____
    • I have no property or assets ____
  3. I have credit cards in
    • My name only ____
    • Jointly with my ex ____
    • Credit Cards are in his/her name only ____
  4. I have credit cards (lines of credit, ATM cards) of my own
    • Yes ____
    • No ____
  5. With regard to the Golden Rule, who has the greater financial net worth?
    • Me ____
    • My ex ____
  6. With regard to the Golden Rule, who has the greater income?
    • Me ____
    • My spouse ____

If the answers to the above questions reflect autonomy from your ex, that is, you have bank accounts, property, assets and credit cards in your name only, then flip the pages to the end of the chapter, and under “Money, property, wealth,” give yourself one point for each question that indicates your independence under “In Control.” If you have accounts, property, assets and liabilities jointly with your ex, give yourself one point in the “Somewhat in Control” space. If the property and assets you share (shared) with your ex are in his/her name only, put a “1” in the section for “Out of Control.” If some of the assets that rightfully belong to you are in his/her name only, that is another reason for a point in the space allotted to “Out of Control.”

If you are divorced and financially dependent upon your spouse to pay your monthly living expenses, add one to “Out of Control.” If, on the other hand, you have a job with income you can rely on to pay some, or a good portion, of your living expenses, give a number one to “Somewhat in Control.” If you stash your ex’s spousal or child support payments in an interest bearing account and use it at will, mark a number one down under “In Control.”