California Divorce : How To List Assets & Debts On Judgment

This article and video discusses how we suggest you prepare your judgment and how to list your assets and debts on your California Divorce Judgment. If you want to protect as much as your privacy as possible when going through divorce in California then make sure to read and or watch this video.

Hi, Tim Blankenship here with and in this video, we’re talking about the preparation of the judgment, which is the marital settlement agreement, it goes by a couple of different names, your divorce decree is another name it’s known by and what we’re talking about specifically is what information do the courts need minimally to process your judgment in regard to the division of your assets and debts.

So, what a lot of people don’t know is the courts don’t require values on your assets and debts in your judgment. In fact, they don’t even require full account numbers, so with our clients we want to protect as much of the privacy as we can, knowing that divorce cases are technically public record.

Someone could walk in, ask to have your named checked at the computer and pull your divorce decree and we don’t recommend that someone pull a divorce decree or judgment or marital settlement agreement that reflects all of the assets each of the parties are keeping, all of the debts and many times we’ll see people listing their full account numbers, the name of the bank, you know Bank of America, VISA, full account number.

I mean that’s basically giving people the full information on all your accounts, so with our judgments all we turn in, in regard to the property division is the name of the bank, so Bank of America and the last 4 digits of the account 1234, whatever it might be.

That goes for assets, that could be say a pension or a bank account and it would be of a checking account 1234 that’s it, you do not need to provide values, you do not need to provide full account numbers and people are surprised by that because we want to protect your privacy as much as possible.

So, your property order, your division of assets and debts is just literally going to be a list of things you’re keeping as far as assets and debts and the same for your spouse.

Tim Blankenship, helping people across California with their California divorce. Give us a call if you need any assistance 661 281 0266 and I hope this video is helpful and have a great day.