Asset Inventory Worksheet

Compare a hypothetical equal-allocation ledger using your own entries.

Working Property Ledger

Asset Name
Value ($)
Assigned To

Selected Comparison Scenario

Total Estate $0
Equal-allocation reference $0
My Column
$0
Spouse Column
$0
Balancing amount in this scenario
$0
Balanced

What This Worksheet Does—and Does Not Do

Illinois law directs courts to divide marital property in just proportions after considering statutory factors. This worksheet uses an equal-allocation reference only because it is transparent arithmetic; it is not a legal presumption, settlement recommendation, or forecast. Read the current 750 ILCS 5/503 text for the statute rather than relying on this summary.

  • Inventory: List identified property and debt separately, with ownership records and valuation dates.
  • Classification: The tool does not decide whether an item is marital, nonmarital, mixed, dissipated, or subject to reimbursement.
  • Value: User-entered numbers are not appraisals and may omit taxes, sale costs, loan balances, or transfer restrictions.
  • Scenario: Assigning an item only changes this private worksheet; it does not determine an obligation or court result.

General information only; not legal, tax, valuation, or financial advice. No attorney-client relationship is created.

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