Property And Debt Statement And Proposed Separation Agreement

Download a blank fillable Property And Debt Statement And Proposed Separation Agreement in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Property And Debt Statement And Proposed Separation Agreement with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Table of Contents
Form CAFC040 - Directions and Information
Do I have to file
Yes. You must file Form CAFC040 with either your “Petition for Dissolution of Marriage”
or your “Answer,” even if it is not signed by both parties. You should not file these
this form?
directions with the court.
What is marital
§452.330, RSMo. defines “marital property.” Usually marital property is property
acquired by either spouse during the marriage of the parties other than property
property?
acquired by gift, inheritance, or in exchange for nonmarital property. This means that
all wages earned during the marriage are martial property. All property owned by the
parties is presumed to be marital property.
Nonmarital property can be converted to marital property by placing a spouse’s
name on an account or title. Also, a marital interest can be acquired in nonmarital
property by the contribution of marital assets to the increase in value of the nonmarital
property. Finally, income from nonmarital property during the marriage of the parties is
marital property.
What is
“Nonmarital property” is property that was acquired prior to the marriage or
property that was acquired during the marriage by gift, inheritance, or in exchange for
nonmarital
nonmarital property. Nonmarital property is sometimes also called “separate
property?
property.” Additionally, some state teacher retirement benefits are considered
nonmarital. §169.572, RSMo.
Can property be
Yes. If an item of property is partly marital and partly nonmarital, then it should be
listed under both the marital and nonmarital sections. For example, if one party had
marital and
earned pension benefits for five years prior to the marriage and continued to earn the
nonmarital?
same pension benefits for five years during the marriage, one-half or 50% of the
pension and retirement benefits are marital and one-half or 50% are nonmarital. In
that situation, the pension and retirement benefits would be listed both under marital
and nonmarital property.
What is “fair
This is the amount someone would pay for this item of property today. It is not what
the property cost when you purchased it. A ten year old automobile has a value far less
market value”?
than the amount you paid for the automobile.
What if I don’t
agree with this
You must take appropriate actions to protect your interests. CONSULT A LAWYER.
proposed
Do not fail to respond if you have been served with these papers as the court may
proceed without any further notice to you.
separation
agreement?
Do we have to
list our property
Yes, all property and all debt must still be included on one of the tables.
even if we’ve
already divided
it?
Directions and Information for completing Form CAFC040 - Statement of Property and Debt and
Proposed Separation Agreement –Page 1 of 3
Form CAFC040-07/01/2012
This form is available for free at

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Business