Checklist for Disclosure for Support

This is a checklist our office uses for determining documents needed for cases involving property issues.  You may not need all of these documents or you may need more documents than just this - consider this list a starting point.  This will particularly be true if your cases involves a business, which will require additional documentation.







Asset / Liability

Document/Information required

 

Land and real property

schedule of all land and real property owned, including original cost and date of purchase

 

deeds of ownership

 

real estate appraisals at or near the valuation date

 

tax values, including undepreciated capital cost of buildings, and adjusted cost bases for the land and building

General household items

a listing of items

 

appraisals, if obtained

 

receipts from original purchases

Savings and savings plans

confirmation of the client’s income and draw from, and capital in, the partnership for the years 2000, 2001 and 2002

 

pension plans should have appraised value as provided by an actuary

 

pension plan document/agreement

Securities

schedule of public stock and other securities owned at the valuation date, including the number of shares, valuation date price per share and original cost per share

 

statement of account from relevant financial institution/brokerage, or copy of document from the company evidencing the spouse's ownership of the security at the valuation date

 

option agreements or other relevant agreements

 

share of bond certificates (or comparable documents)

Life and disability insurance

copies of insurance policies

 

statement from the insurance company outlining relevant policy details (i.e., type of policy, beneficiary, face value, cash surrender value), etc.

Accounts or loans receivable

details of terms of repayment, applicable interest rates if interest-bearing, types of securities pledged

 

lending documents

 

status of loans (i.e., are they in arrears of current?)

 

correspondence, confirmation or other acknowledgement from debtors

 

details regarding the financial health of companies/debtors to assess ability to pay

 

financial statements of companies with the correspondence shareholder loans receivable/payable

Other property

regarding trust interests: trust documents and trust financial statements

 

air miles point plans, if amount accumulated is significant

 

employment contracts setting out any termination payment entitlements or deferred profit sharing plans

 

regarding tax shelters: tax shelter prospectuses or investment documents

 

regarding gold club memberships: confirmation of equity values from golf clubs

 

confirmation or correspondence from CCRA as to the quantum of unused tax credits available to be used in subsequent years (if significant; for example, donation credits)

 

other third party documentation as appropriate

 

letter from your employer stating how much unused vacation pay, unused sick leave and severance pay you would have received had he been terminated on the date of separation

Debts and other liabilities

mortgage documents, lending agreement

 

acknowledgment or confirmation of debts by creditors

 

credit card statements

 

personal income tax returns for the year before and after the valuation date

 

calculation of contingent tax amounts, including any relevant assumptions and tax values (may be calculated by a business valuator)

Excluded property

gifting agreement, wills, other third party documentation evidencing an asset's qualification as an exclusion

 

other evidence as may be necessary to trace the amounts gifted to assets now owned (e.g., if gifted funds used to purchase stock)

Assets owned at the date of marriage

ask the client to confirm that he/she did/did not have any assets at the date of marriage

Gifts / inheritances

ask the client to confirm that during the relationship, he/she did/did not receive any large gifts or inheritances from someone other then their spouse

Other

ask the client whether he/she has a copy of his/her marriage certificate

 

Divorce and family law Web Directory