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Worksheet: Division of Property

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 $____________ $____________
Next Steps
Contact a qualified divorce attorney to make sure
your rights are protected.
(e.g., Chicago, IL or 60611)

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