If you`re going through a divorce, a division of property agreement template can be a valuable resource. This document outlines the division of assets and liabilities between you and your soon-to-be ex-spouse.

Here are some things to consider when creating a division of property agreement:

1. Identify all assets and liabilities

The first step in creating a division of property agreement is to identify all of your assets and liabilities. This includes everything from bank accounts and retirement funds to debts and loans.

2. Determine which assets are marital property

Marital property includes any assets that were acquired during the course of the marriage. This can include things like a shared home, joint bank accounts, and any other assets that were acquired together.

3. Determine which assets are separate property

Separate property includes any assets that were acquired before the marriage. This can include things like a personal bank account or inheritance.

4. Agree on a division of assets

Once you`ve identified all of your assets and determined which ones are marital and separate property, you can begin to divide them up. This can be a challenging process, but it`s important to work together to come up with a fair and equitable division of assets.

5. Include a plan for handling debts and liabilities

In addition to dividing up assets, you`ll also need to address any debts and liabilities. This can include things like credit card debt, mortgages, and car loans. Be sure to agree on a plan for how these debts will be divided and paid off.

6. Get it in writing

Once you`ve agreed on a division of property agreement, it`s important to get it in writing. This document will serve as a legal agreement between you and your ex-spouse, and can help prevent any disputes or misunderstandings in the future.

Creating a division of property agreement template can be a complex and challenging process, but with the right guidance and resources, it can also be a valuable tool in helping you move on from your divorce.