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State of Kansas Department of Revenue Sam Brownback, Governor Nick Jordan, Secretary Division of Property Valuation David N. Harper, Director 2013 Personal Property Summary Docking State Office Bldg.,
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How to fill out division of property valuation:

01
Start by gathering all relevant documents related to the property, such as the title deed, mortgage papers, and any recent appraisals or assessments.
02
Identify the specific items or assets that need to be divided, such as the house, land, vehicles, furniture, or investments. Create a comprehensive list of these items.
03
Determine the current market value of each item or asset. This can be done by consulting real estate agents, professional appraisers, or using online valuation tools.
04
Assess the condition and age of each item. Consider depreciation or wear and tear when determining the value.
05
If there are any debts or mortgages associated with the property, deduct their amounts from the total value.
06
Consider any legal obligations or property laws specific to your jurisdiction. Some states or countries have specific guidelines for dividing property during divorce or separation.
07
Determine how the division of property should be allocated. This can be done based on negotiations between the parties involved or by following a court order.
08
Document the division of property valuation clearly, either in a written agreement, court order, or through a legal professional. Make sure all parties involved have a copy of the agreement.

Who needs division of property valuation?

01
Couples going through a divorce or separation typically need a division of property valuation to fairly allocate assets and debts between the parties involved.
02
Individuals inheriting or receiving property as a gift may need a division of property valuation to establish the value of the assets for tax purposes or for distribution among beneficiaries.
03
Business partners or shareholders may require a division of property valuation to determine the fair value of the company's assets when separating or dissolving the partnership.
Note: It is important to consult with a legal or financial professional for specific advice tailored to your situation.
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Division of property valuation is the process of determining the value of assets in a divorce or legal separation.
The individuals involved in a divorce or legal separation are required to file division of property valuation.
Division of property valuation is typically filled out with details of assets and their corresponding values, often with the help of a professional appraiser.
The purpose of division of property valuation is to fairly distribute assets among individuals involved in a divorce or legal separation.
Information such as property details, financial accounts, investments, debts, and other assets must be reported on division of property valuation.
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