Table of Contents

FL-160: Declaration of Assets (ca)

The FL-160 form is used in California divorce proceedings to declare and itemize both community and separate property assets and debts, providing a clear proposal for their division between parties involved.
Official {court-form-name} PDF Download

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Tips for filling out form FL-160

When completing form FL-160, pay special attention to these less obvious sections:

Item 10

Cash Search

For life insurance policies, check if they have any cash surrender or loan value even if not actively used. Contact your insurance provider to get the latest policy statement, which typically includes this information.
Item 12

Complex Valuation

Calculating the current value of retirement accounts and pensions can be complex due to factors like contribution changes and market fluctuations. Use the latest benefit statement to disclose the most accurate current valuation.
Item 15

Business Evaluation

When listing partnerships or other business interests, consider having the business professionally appraised to determine its market value. Utilize documents like the latest K-1 or Schedule C to provide accurate financial information.
Item 1c

Estimate Value

When determining the gross fair market value for the real estate section, consider using a recent market analysis or appraisal. This estimate should reflect what you might reasonably sell the property for under current market conditions, not just the assessed value for tax purposes.
Item 23

Debt Date Importance

Make sure to provide the date the debt was incurred for credit card debts, as this information may impact how the debt is viewed and divided. Consider if the debt was accumulated before or after separation, as that may affect its classification.
Item 3

Unique Items

For jewelry, antiques, art, and coin collections, provide an estimated fair market value based on recent sales of similar items or appraisals. It may be helpful to attach documentation such as appraisal reports if available.

What to do after filing form FL-160

1
Verify the court has received and filed your FL-160 form by checking for any confirmation mail or notifications.
2
Prepare to serve copies of the FL-160 and any attachments to the other party involved in the case, if not done already, following California's service requirements.
3
Wait for a formal response from the other party, who must typically file a Response to Petition (form FL-120) if they have not done so.
4
Consult with your attorney or legal advisor about preparing for a court hearing, if required, based on the timelines provided by the court.
5
Gather and organize any additional documentation to support your proposed divisions, such as title documents or account statements, as you may need to present these at any hearings or settlement discussions.
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