Q: Divorce form FL-100 petition, community property.
Under the community property section, I was told I could simply list the assets and debts, as there are not very many. For bank accounts amd credit cards, do I list all individual accounts and who's names are on them, with the names of the banks and account numbers, or simply write that there are joint and individual checking and savings accounts, and credit cards?
Also my husband has a small business. Do I list this as an asset?
I have tried for two weeks to research this question and I have not found an answer in anything online. Please help! Thank you.
A:
You can list all the accounts and credit cards if you want on the petition, but most people do not. They usually address that in the financial disclosure phase of the case (e.g. FL-142, etc). I have seen many parties leave the community and separate property sections of the petition blank or put "To be determined on the financial disclosures".
Your husband's small business will likely be a community asset that will be subject to division. Valuing a business can be complicated. Things like when the business was started, what kind of business it is, etc will be important.
Andy
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