Form Fl 142 PDF Details

In the realm of family law, the division of assets and debts constitutes one of the critical stages during the dissolution of marriage. The FL 142 form, officially known as the Schedule of Assets and Debts, serves as a comprehensive document that facilitates this process. It requires both parties, the petitioner and the respondent, to disclose all pertinent financial information, which includes a detailed listing of all tangible and intangible assets, alongside any liabilities, those being debts owed by either or both parties. The form is meticulously structured to encompass assets categorized as separate property, and it mandates the declaration of each asset's date of acquisition, its current gross fair market value, and the respective amount of debt associated with it. As it unfolds over two pages, the FL 142 not only demands precision but also embodies the legal principle of equitable distribution, ensuring a fair division of marital property. This document is instrumental in providing a transparent snapshot of the financial standing of the marriage at the point of separation, allowing for an informed and equitable resolution to property division. Its submission is a crucial step in the legal proceedings of a divorce case, underscoring the importance of accuracy and completeness in reporting.

QuestionAnswer
Form NameForm Fl 142
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesfl142, fl 142 california, california fl 142 form, schedule of assets and debts

Form Preview Example

MARRIAGE OF (Last name—first names of parties)

CASE NUMBER

CONTINUED ASSETS - SCHEDULE OF ASSETS AND DEBTS

PETITIONER'S

RESPONDENT'S

BRIEF DESCRIPTION

SEP

PROP

DATE

CURRENT GROSS FAIR MARKET VALUE

AMOUNT OF

DEBT

Page 1 of 2

Custom Form by CalCourtForms Continuation Sheet for FL-142 [Rev. 8/2010]

CONTINUATION OF SCHEDULE OF ASSETS AND DEBTS

CalCourtForms.com

(FAMILY LAW)

MARRIAGE OF (Last name—first names of parties)

CASE NUMBER

BRIEF DESCRIPTION

SEP

PROP

DATE

CURRENT GROSS FAIR MARKET VALUE

AMOUNT OF

DEBT

Total:

Page 2 of 2

Custom Form by CalCourtForms Continuation Sheet for FL-142 [Rev. 8/2010]

CONTINUATION OF SCHEDULE OF ASSETS AND DEBTS

CalCourtForms.com

(FAMILY LAW)

How to Edit Form Fl 142 Online for Free

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This form requires specific information; in order to ensure consistency, remember to adhere to the following suggestions:

1. To begin with, once filling out the how to form fl 142, start with the area containing next blank fields:

The way to fill out california fl 142 form part 1

2. Once your current task is complete, take the next step – fill out all of these fields - MARRIAGE OF Last namefirst names, CASE NUMBER, BRIEF DESCRIPTION, SEP PROP, DATE, CURRENT GROSS, AMOUNT OF, FAIR MARKET VALUE, and DEBT with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Part number 2 for completing california fl 142 form

It's very easy to make errors while completing your FAIR MARKET VALUE, consequently you'll want to go through it again before you decide to send it in.

3. Within this stage, look at Total, Custom Form by CalCourtForms, CONTINUATION OF SCHEDULE OF ASSETS, CalCourtFormscom, FAMILY LAW, and Page of. These should be filled in with greatest accuracy.

Filling out segment 3 in california fl 142 form

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