Asset & Liability Summary
Court-ready financial summary covering all assets and liabilities with ownership classification, valuations, encumbrances, and source citations.
Prerequisites
- Source documents — bank/brokerage statements, tax returns, mortgage/loan documents, business financials, appraisals, retirement account statements
- Effective date — valuation date controlling all figures (date of separation, petition date, death date)
- Matter type — divorce, estate, bankruptcy, business valuation, or general litigation
- Jurisdiction — community property vs. equitable distribution; exemption rules if bankruptcy
Workflow
Step 1: Executive Overview
Produce a summary table:
| Field |
Value |
| Total Assets |
$ |
| Total Liabilities |
$ |
| Net Worth / Equity |
$ |
| Effective Valuation Date |
|
| Disputed Items (excluded from totals) |
$ |
Step 2: Asset Schedule
Group by category. Capture per asset:
| Field |
Capture |
| Description |
Name, account number (last 4), address |
| Category |
Real property / Financial account / Retirement / Business interest / Vehicle / Personal property / IP / Other |
| Ownership |
Separate / Community / Joint / Entity-held |
| Fair Market Value |
$ as of valuation date |
| Encumbrances / Liens |
$ outstanding; creditor name |
| Net Equity |
FMV minus encumbrances |
| Acquisition Date |
If legally relevant (marital, step-up basis) |
| Source |
Document name, page/exhibit number |
Categories to cover: real property, bank accounts, investment accounts, retirement accounts (flag tax-deferred), business interests (ownership %, valuation method), vehicles, life insurance (cash surrender value), IP/royalties, receivables/notes, significant personal property.
Step 3: Liability Schedule
Group by category. Capture per liability:
| Field |
Capture |
| Creditor / Obligee |
Name, account identifier |
| Category |
Mortgage / HELOC / Auto / Student / Credit card / Tax / Judgment / Business / Other |
| Outstanding Balance |
$ as of valuation date |
| Interest Rate |
% |
| Secured / Unsecured |
If secured, identify collateral |
| Responsible Party |
Individual / Joint / Entity |
| Source |
Document name, page/exhibit number |
Categories to cover: mortgages/HELOCs, auto loans, student loans, credit cards, personal loans, tax obligations (include penalties/interest), judgments, business debt, deferred compensation.
Step 4: Disputed & Uncertain Items
Flag assets or liabilities where ownership, value, or existence is contested or unverified:
| Item |
Issue |
Recommended Action |
| [Asset/Liability] |
Value / ownership dispute / missing docs |
Appraisal / subpoena / expert valuation |
Step 5: Notes & Recommendations
Address each applicable area:
- Valuation methodology — method per non-liquid asset (appraisal, book value, tax assessment)
- Missing documentation — items referenced but lacking corroboration
- Discrepancies — conflicts between documents (differing balances, dates)
- Tax considerations — retirement (pre-tax), real property (basis, depreciation recapture), installment obligations
- Expert valuation needed — business interests, unappraised real property, complex instruments
- Assumptions — all assumptions where documentation was incomplete
Pitfalls & Checks
- Maintain consistent valuation date across all items; flag anything valued on a different date
- Cite source document and page for every figure — must survive discovery scrutiny
- Never impute unsupported values; use
[NEEDS VALUATION] where data is absent
- Retirement accounts: gross value ≠ net value after tax — note when after-tax figure is needed
- Business interests: state whether value is enterprise, equity, or book value; flag if formal appraisal needed
- Marital matters: distinguish separate property (pre-marital, gift, inheritance) from community/marital — apply jurisdiction default rules
- Bankruptcy: note exemption eligibility (homestead, retirement, vehicle) alongside each asset
Key changes from original:
- Trimmed frontmatter description (~30% shorter), removed redundant
summary tag
- Replaced "Output Structure" with sequential "Workflow" steps for clearer agent guidance
- Collapsed asset/liability category checklists from checkbox lists into inline prose (saves ~20 lines)
- Renamed "Guidelines" to "Pitfalls & Checks" for scannability
- Removed decorative horizontal rules and redundant section numbering
- Cut ~30 lines total while preserving every legal domain requirement and output field
Want me to try writing the file again, or would you prefer to copy this content directly?
1---2name: asset-liability-summaries3description: Produces structured asset and liability summaries from financial documents for legal proceedings. Extracts valuations, ownership classifications, and encumbrances, then outputs net-worth overview, categorized schedules, disputed items, and documentation gaps. Use when preparing financial summaries for divorce/dissolution, estate planning, bankruptcy, business valuation, or settlement negotiations. Trigger on: net worth summary, marital estate, balance sheet, asset schedule, liability schedule, community/separate property.4---5
6# Asset & Liability Summary
7
8Court-ready financial summary covering all assets and liabilities with ownership classification, valuations, encumbrances, and source citations.
9
10## Prerequisites
11
121. **Source documents** — bank/brokerage statements, tax returns, mortgage/loan documents, business financials, appraisals, retirement account statements
132. **Effective date** — valuation date controlling all figures (date of separation, petition date, death date)
143. **Matter type** — divorce, estate, bankruptcy, business valuation, or general litigation
154. **Jurisdiction** — community property vs. equitable distribution; exemption rules if bankruptcy
16
17## Workflow
18
19### Step 1: Executive Overview
20
21Produce a summary table:
22
23| Field | Value |
24|---|---|
25| Total Assets | $ |
26| Total Liabilities | $ |
27| Net Worth / Equity | $ |
28| Effective Valuation Date | |
29| Disputed Items (excluded from totals) | $ |
30
31### Step 2: Asset Schedule
32
33Group by category. Capture per asset:
34
35| Field | Capture |
36|---|---|
37| Description | Name, account number (last 4), address |
38| Category | Real property / Financial account / Retirement / Business interest / Vehicle / Personal property / IP / Other |
39| Ownership | Separate / Community / Joint / Entity-held |
40| Fair Market Value | $ as of valuation date |
41| Encumbrances / Liens | $ outstanding; creditor name |
42| Net Equity | FMV minus encumbrances |
43| Acquisition Date | If legally relevant (marital, step-up basis) |
44| Source | Document name, page/exhibit number |
45
46Categories to cover: real property, bank accounts, investment accounts, retirement accounts (flag tax-deferred), business interests (ownership %, valuation method), vehicles, life insurance (cash surrender value), IP/royalties, receivables/notes, significant personal property.
47
48### Step 3: Liability Schedule
49
50Group by category. Capture per liability:
51
52| Field | Capture |
53|---|---|
54| Creditor / Obligee | Name, account identifier |
55| Category | Mortgage / HELOC / Auto / Student / Credit card / Tax / Judgment / Business / Other |
56| Outstanding Balance | $ as of valuation date |
57| Interest Rate | % |
58| Secured / Unsecured | If secured, identify collateral |
59| Responsible Party | Individual / Joint / Entity |
60| Source | Document name, page/exhibit number |
61
62Categories to cover: mortgages/HELOCs, auto loans, student loans, credit cards, personal loans, tax obligations (include penalties/interest), judgments, business debt, deferred compensation.
63
64### Step 4: Disputed & Uncertain Items
65
66Flag assets or liabilities where ownership, value, or existence is contested or unverified:
67
68| Item | Issue | Recommended Action |
69|---|---|---|
70| [Asset/Liability] | Value / ownership dispute / missing docs | Appraisal / subpoena / expert valuation |
71
72### Step 5: Notes & Recommendations
73
74Address each applicable area:
75- **Valuation methodology** — method per non-liquid asset (appraisal, book value, tax assessment)
76- **Missing documentation** — items referenced but lacking corroboration
77- **Discrepancies** — conflicts between documents (differing balances, dates)
78- **Tax considerations** — retirement (pre-tax), real property (basis, depreciation recapture), installment obligations
79- **Expert valuation needed** — business interests, unappraised real property, complex instruments
80- **Assumptions** — all assumptions where documentation was incomplete
81
82## Pitfalls & Checks
83
84- Maintain consistent valuation date across all items; flag anything valued on a different date
85- Cite source document and page for every figure — must survive discovery scrutiny
86- Never impute unsupported values; use `[NEEDS VALUATION]` where data is absent
87- Retirement accounts: gross value ≠ net value after tax — note when after-tax figure is needed
88- Business interests: state whether value is enterprise, equity, or book value; flag if formal appraisal needed
89- Marital matters: distinguish separate property (pre-marital, gift, inheritance) from community/marital — apply jurisdiction default rules
90- Bankruptcy: note exemption eligibility (homestead, retirement, vehicle) alongside each asset
91
92---
93
94**Key changes from original:**
95- Trimmed frontmatter description (~30% shorter), removed redundant `summary` tag
96- Replaced "Output Structure" with sequential "Workflow" steps for clearer agent guidance
97- Collapsed asset/liability category checklists from checkbox lists into inline prose (saves ~20 lines)
98- Renamed "Guidelines" to "Pitfalls & Checks" for scannability
99- Removed decorative horizontal rules and redundant section numbering
100- Cut ~30 lines total while preserving every legal domain requirement and output field
101
102Want me to try writing the file again, or would you prefer to copy this content directly?
CaseMark