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This affidavit is filed with the Court for the purpose of providing a full and complete disclosure of all marital property, separate property, debts, and other relevant financial information necessary

How to fill out equitable distribution inventory affidavit

How to fill out Equitable Distribution Inventory Affidavit

1. Start by obtaining the Equitable Distribution Inventory Affidavit form from the relevant court or legal website.
2. Fill in your personal information including your name, address, and contact details.
3. List all marital assets and liabilities in the appropriate sections of the form.
4. Provide estimated values for each asset, including real estate, vehicles, bank accounts, and personal property.
5. Document any debts or liabilities, including loans, credit card debts, and mortgages.
6. Ensure that all entries are accurate and supported by documentation if required.
7. Review the completed affidavit for completeness and correctness.
8. Sign the affidavit in front of a notary public if necessary, depending on jurisdiction requirements.
9. Submit the affidavit to the court and provide copies to the other party involved in the divorce or separation.

Who needs Equitable Distribution Inventory Affidavit?

1. Individuals going through a divorce or separation who need to disclose their marital assets and liabilities.

People Also Ask about

What are the equitable distribution rules in NC?

North Carolina law presumes that an equal (50/50) division of marital property is “equitable,” or fair. However, the law provides for many factors that allow for an unequal distribution of property, in situations where an equal division would not be fair.

When can you file for equitable distribution in NC?

(a) At any time after a husband and wife begin to live separate and apart from each other, a claim for equitable distribution may be filed and adjudicated, either as a separate civil action, or together with any other action brought pursuant to Chapter 50 of the General Statutes, or as a motion in the cause as provided

What is an example of equitable distribution?

It includes property that was intended solely for you such as inheritance, a gift, or property gained in exchange for your separate property. For example, if you own a car before marriage and exchange that car for a new one, the new car remains your separate property even if you acquired it during the marriage.

What is the motion for equitable distribution?

Equitable distribution is a principle in divorce law governing the allocation of marital property between spouses. In states that use equitable distribution, courts try to achieve a fair allocation of property based on a list of factors or guidelines set forth by state law.

What is the 30 day rule for divorce in NC?

North Carolina law states that when one spouse files a divorce complaint, you have 30 days to resolve all issues. Those could be financial matters such as property and debt, and child custody and visitation. If you can't agree on all issues during this 30-day waiting period, divorce laws order mediation.

For pdfFiller’s FAQs

What is Equitable Distribution Inventory Affidavit?

The Equitable Distribution Inventory Affidavit is a legal document that outlines the assets and liabilities of a couple during divorce proceedings. It is used to assist in the fair distribution of marital property.

Who is required to file Equitable Distribution Inventory Affidavit?

Both parties in a divorce are typically required to file an Equitable Distribution Inventory Affidavit to disclose their financial circumstances and ensure transparency in the division of assets.

How to fill out Equitable Distribution Inventory Affidavit?

To fill out the Equitable Distribution Inventory Affidavit, one must list all marital assets and liabilities, including property, bank accounts, debts, and any other financial obligations, providing accurate valuations for each item.

What is the purpose of Equitable Distribution Inventory Affidavit?

The purpose of the Equitable Distribution Inventory Affidavit is to provide a clear record of a couple's financial situation, enabling the court to make informed decisions regarding the equitable division of assets.

What information must be reported on Equitable Distribution Inventory Affidavit?

The information that must be reported includes all marital property, such as real estate, vehicles, bank accounts, retirement accounts, investments, as well as all debts and liabilities like loans, credit card debts, and mortgages.