Legal Question in Family Law in California
My wife and I going through a legal separation in California. When filling out form FL-142 do I list every asset or just those over a certain dollar amount? Also, is she required to pay half of my credit card bill until the date we separated? She asked that I move out so I had to purchase items to outfit my apartment. Isn't she liable for half of the cost of those furnishings? Thanks
1 Answer from Attorneys
If it is an asset held in any kind of account list it, even if it's $59.35 in your checking account or $27.67 in dividends in an old brokerage account you don't use anymore. For other assets the question is whether it is a "material" value. Roughly "material" means would it make a difference to the fair distribution of assets. Skip the spare change on your dresser. Have an old gold Krugerand in a box somewhere? Include it.
As for debts, the balance owed at the date of separation is a community debt. Anything after is up to the person who charged it. Close all joint accounts immediately in order to avoid having to go line by line through credit card bills and bank statements.
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