What to capture
- Street address and property type
- Acquisition date and vesting
- Current value, source and valuation date
- Each mortgage, line of credit or lien
- Contribution and reimbursement issues
The failure mode to catch
Listing net equity as gross value, or repeating the mortgage again in the debt section.
Keep the source date and any uncertainty visible. A reviewer should be able to distinguish a supported figure, an estimate, an unknown value and an affirmative statement that no such property exists.
Documents that usually resolve it
- Vesting deed and closing statement
- Current mortgage and payoff statements
- Appraisal or other supported valuation
- Refinance and contribution records
How it moves downstream
The entry should retain its form item, description, value date, character claim and source. If it enters the community division, it must flow into the face-value total. If it cannot yet be valued, it should remain visible outside the negotiable pool rather than disappearing.
A second disclosure may describe the same real property differently. Reconcile on durable identifiers and preserve differences in date, value, debt and characterization for review.
Continue the workflow
Build and check a California Schedule of Assets and Debts
A private, browser-only workspace for composing, reading and checking California form FL-142 without uploading a client filing.
FL-142 quality-control checklist
A practical California FL-142 checklist covering completeness, dates, secured debt, totals, documents and review.
Property-division document checklist
A source-document checklist for California real estate, bank, investment, retirement, business, vehicle, insurance, tax and debt entries.