Navigating a divorce is rarely an easy procedure, but keeping a household inventory checklist can simplify the difficult process of fairly dividing household items between the involved parties. A household inventory checklist documents all of the furnishings, appliances and personal items inside the home, as well as their assessed value and, if applicable, the owner of the item. Household inventory checklists are typically prepared at the beginning of a marriage for insurance purposes in the event of a fire or other disaster, but household inventories are invaluable during a divorce as well.
Documenting the value and purchase of large furniture items provides guidance for dividing some of the largest items in the house. Go through each room one at a time; for each room, record the large items of furniture, their estimated value and the owner of each item. Though typically the owner refers to whoever purchased the item, in instances of shared finances couples should mutually agree on whoever most uses the item or most needs the item. Be sure to include major items, like couches, beds, desks and bureaus, as well smaller items like nightstands, coffee tables and bar stools.
Electronic items are frequently some of the most valuable items in a household. Document electronics room by room. Include the manufacturer and model number, so value assessments can be verified by a third party in the event of a dispute. Include televisions, media players, speakers and receivers, as well as home-wide surround speakers and alarm systems. Include electronic accessories in the same section, so all items that require additional parts will be included together; for instance, DVDs should be included with the DVD player.
Antiques and Collectibles
Antiques, collections and inherited items hold immense retail and sentimental value. Bring antique items to a reputable appraiser so an accurate estimated value is included in the checklist. Collectible items like coins, stamps or dolls can be notoriously difficult to assess without the assistance of a professional. Ideally, each item in the collection should be individually documented and assessed with images, if possible. Inherited items are typically acquired with a specific recipient and value assessment. If determining the rightful owner of these items is challenging, enlist the help of a lawyer or judge.
Specialty items are difficult to classify, but typically they include items in the house that were custom installed or built. Built-in shelving units and custom island countertops fall into the specialty category. It is unlikely either party would be interested in removing the items, but they should still be included in the inventory in the unlikely event that one party is interested in keeping them because of their value and custom design. Only include items that could feasibly be removed from the home; a custom wood floor is not a candidate for the checklist.
Children's items are particularly difficult to assess or assign to either party, as parents believe they belong to the children. However, children's items should be included in the checklist, because they can be included in the total inventory when a judge is assessing how the overall value of the items should be divided. Although children's toys and furniture should be included in the value assessment, some parents may decide not to assign a specific owner to those items.
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