If you forget about an asset during the divorce process, it will not be in your Kentucky divorce agreement. This can lead to issues down the road when one of you wants to take possession of the asset. The best way to avoid such an issue is to do a household inventory, according to Our Everyday Life. Taking an inventory allows you to make sure you account for every asset, even those easily forgotten about.
Not only will a household inventory list every item you own but it also lists the value. So, you will need to go through your home from top to bottom, inside and out to list everything and then take steps to get accurate valuations for every item. Do not forget those items that are not tangible, such as bank accounts and retirement plans.
You should pay specific attention to those things that have a higher value, such as antiques, electronics and furniture. Also, anything that is unique or special needs to be in your inventory. You may also want to include valuable items belonging to your children. Although, typically these fall under the category of personal items for each child and you will not split them as assets in the divorce.
You do not have to list very small items of little value or personal clothing unless it is valuable. However, if you feel there may be disagreement over everything in the home, then list everything. Having this document on hand once you begin to work out the divorce agreement can save a lot of time. This information is for education and is not legal advice.