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Court File Number ONTARIO Family Court of the Superior Court of Justice 04FL1234 (Name of Court) Family Law Rules, O. Reg. 114/99 at 161 Elgin Street, Ottawa, Ontario, K2P 2K1 Form 13B: Net Family

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How to fill out net family property statement

How to fill out a net family property statement:

01

Begin by gathering all relevant financial information such as bank statements, investment accounts, real estate documents, and pension statements.

02

Identify and list all assets owned individually or jointly by both spouses. This may include houses, cars, investments, businesses, and any other valuable possessions.

03

Determine the value of each asset. This can be done by obtaining appraisals or using reliable market value estimates.

04

Calculate the total value of all debts owed by both spouses. This can include mortgages, loans, credit card debts, and any other outstanding obligations.

05

Subtract the total value of debts from the total value of assets to determine the net family property. This represents the accumulated wealth of the family during the marriage.

06

Complete the net family property statement form provided by your local jurisdiction or family court. Ensure all required information is accurately filled in.

07

Attach any supporting documents, such as property appraisals or debt statements, to the net family property statement for verification purposes.

Who needs a net family property statement?

A net family property statement is typically required in divorce or separation cases where there is a presumption of equal division of property. It helps determine the division of assets and debts between spouses. Both parties involved in the separation or divorce process may need to fill out a net family property statement to ensure a fair distribution of property. It is advised to consult with a lawyer or legal professional to understand the specific requirements and process in your jurisdiction.

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What is net family property statement?

Net family property statement is a legal document that outlines the assets, debts, and liabilities of both spouses in a marriage or common-law relationship.

Who is required to file net family property statement?

In some jurisdictions, both spouses are required to file a net family property statement during divorce proceedings.

How to fill out net family property statement?

To fill out a net family property statement, you must gather information on all assets, debts, and liabilities acquired during the marriage.

What is the purpose of net family property statement?

The purpose of a net family property statement is to determine the equal division of assets and debts between spouses during a divorce.

What information must be reported on net family property statement?

Information such as real estate, investments, savings, pensions, vehicles, and debts must be reported on a net family property statement.

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