The purpose of the Case Information Statement, which we call a CIS, is to provide an overview of your entire financial situation.
The first section usually deals with your personal information
The next section of the form deals with your income and the income of your spouse.
The next section encompasses your shelter expenses, whether you rent a home or whether you are a homeowner and those costs associated with your shelter.
Following that is what is called your Schedule C. That is your personal expenses or budget section.
The asset section includes your home, your bank accounts, your IRA’s, your pension plans, any other assets, any collections that you might have, any businesses that you or your spouse might own.
Then following that section is your liabilities. That is your outgoing debts every month. Do you have a mortgage payment, a car payment, or perhaps credit card payments?
The marital debt can end up being important when divorce negotiations are ongoing, but does this debt affect how you arrive at an alimony arrangement? Usually, the two things are not too closely related. Our Sparta property distribution attorneys can help you get a fair deal in all aspects of… Read More
When alimony agreements are reached, the financial needs of the receiving spouse are going to be an important consideration. However, this is not the only thing that has to be discussed when determining what kind of agreement would be fair to both spouses. There are a few more things that… Read More
When you get a divorce, all of the property that you and your spouse share needs to be equitably distributed. That includes intellectual property, even though it may be a bit harder to figure out how much it is worth and who should get what. This is why you should… Read More
Rental properties are like any other asset in a divorce. They need to be split up when all of your property is being divided up, and you want to make sure that any arrangement that is made is fair to you. Rental properties can be a good source of income… Read More
