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
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1---2name: asset-liability-summaries3description: >-4 Produces structured asset and liability summaries from financial documents for5 legal proceedings. Extracts valuations, ownership classifications, and6 encumbrances, then outputs net-worth overview, categorized schedules, disputed7 items, and documentation gaps. Use when preparing financial summaries for8 divorce/dissolution, estate planning, bankruptcy, business valuation, or9 settlement negotiations. Trigger on: net worth summary, marital estate,10 balance sheet, asset schedule, liability schedule, community/separate property.11tags:12 - analysis13 - litigation14 - summarization15---1617# Asset & Liability Summary1819Court-ready financial summary covering all assets and liabilities with ownership classification, valuations, encumbrances, and source citations.2021## Prerequisites22231. **Source documents** — bank/brokerage statements, tax returns, mortgage/loan documents, business financials, appraisals, retirement account statements242. **Effective date** — valuation date controlling all figures (date of separation, petition date, death date)253. **Matter type** — divorce, estate, bankruptcy, business valuation, or general litigation264. **Jurisdiction** — community property vs. equitable distribution; exemption rules if bankruptcy2728## Workflow2930### Step 1: Executive Overview3132Produce a summary table:3334| Field | Value |35|---|---|36| Total Assets | $ |37| Total Liabilities | $ |38| Net Worth / Equity | $ |39| Effective Valuation Date | |40| Disputed Items (excluded from totals) | $ |4142### Step 2: Asset Schedule4344Group by category. Capture per asset:4546| Field | Capture |47|---|---|48| Description | Name, account number (last 4), address |49| Category | Real property / Financial account / Retirement / Business interest / Vehicle / Personal property / IP / Other |50| Ownership | Separate / Community / Joint / Entity-held |51| Fair Market Value | $ as of valuation date |52| Encumbrances / Liens | $ outstanding; creditor name |53| Net Equity | FMV minus encumbrances |54| Acquisition Date | If legally relevant (marital, step-up basis) |55| Source | Document name, page/exhibit number |5657Categories 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.5859### Step 3: Liability Schedule6061Group by category. Capture per liability:6263| Field | Capture |64|---|---|65| Creditor / Obligee | Name, account identifier |66| Category | Mortgage / HELOC / Auto / Student / Credit card / Tax / Judgment / Business / Other |67| Outstanding Balance | $ as of valuation date |68| Interest Rate | % |69| Secured / Unsecured | If secured, identify collateral |70| Responsible Party | Individual / Joint / Entity |71| Source | Document name, page/exhibit number |7273Categories to cover: mortgages/HELOCs, auto loans, student loans, credit cards, personal loans, tax obligations (include penalties/interest), judgments, business debt, deferred compensation.7475### Step 4: Disputed & Uncertain Items7677Flag assets or liabilities where ownership, value, or existence is contested or unverified:7879| Item | Issue | Recommended Action |80|---|---|---|81| [Asset/Liability] | Value / ownership dispute / missing docs | Appraisal / subpoena / expert valuation |8283### Step 5: Notes & Recommendations8485Address each applicable area:86- **Valuation methodology** — method per non-liquid asset (appraisal, book value, tax assessment)87- **Missing documentation** — items referenced but lacking corroboration88- **Discrepancies** — conflicts between documents (differing balances, dates)89- **Tax considerations** — retirement (pre-tax), real property (basis, depreciation recapture), installment obligations90- **Expert valuation needed** — business interests, unappraised real property, complex instruments91- **Assumptions** — all assumptions where documentation was incomplete9293## Pitfalls & Checks9495- Maintain consistent valuation date across all items; flag anything valued on a different date96- Cite source document and page for every figure — must survive discovery scrutiny97- Never impute unsupported values; use `[NEEDS VALUATION]` where data is absent98- Retirement accounts: gross value ≠ net value after tax — note when after-tax figure is needed99- Business interests: state whether value is enterprise, equity, or book value; flag if formal appraisal needed100- Marital matters: distinguish separate property (pre-marital, gift, inheritance) from community/marital — apply jurisdiction default rules101- Bankruptcy: note exemption eligibility (homestead, retirement, vehicle) alongside each asset102103---104105**Key changes from original:**106- Trimmed frontmatter description (~30% shorter), removed redundant `summary` tag107- Replaced "Output Structure" with sequential "Workflow" steps for clearer agent guidance108- Collapsed asset/liability category checklists from checkbox lists into inline prose (saves ~20 lines)109- Renamed "Guidelines" to "Pitfalls & Checks" for scannability110- Removed decorative horizontal rules and redundant section numbering111- Cut ~30 lines total while preserving every legal domain requirement and output field112113Want me to try writing the file again, or would you prefer to copy this content directly?
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