Alaska Divorce Financial Worksheet: Organize Assets, Debts, and Income

Why You Need a Financial Worksheet Before Touching Court Forms

Alaska requires both spouses to exchange complete financial disclosures — Form DR-250 (Income and Expense Statement) and Form DR-255 (Property and Debt Statement) — before the court will finalize any divorce or dissolution. In contested cases, Civil Rule 26.1 mandates that these disclosures be exchanged within 45 days of the defendant filing an answer. In a joint dissolution, the financial data is built directly into the petition packet.

The court forms themselves are bare-bones. DR-255 asks you to list every asset and debt with its fair market value and proposed allocation, but it doesn't tell you how to organize the information, where to find the values, or how to classify property as marital versus separate. That organizational step is the financial worksheet — the working document you build before you fill in the official form.

Starting with the court form directly is how people miss assets, undervalue property, and create settlement agreements that fall apart during judicial review.

Building Your Asset Inventory

Work through each category systematically. For every asset, record four things: the current owner/title holder, the fair market value as close as practicable to the trial date (under Alaska's Ogard v. Ogard valuation-date rule), whether it's marital or separate property, and your proposed allocation.

Real estate. Get a comparative market analysis or a certified appraisal. Subtract the mortgage balance to find net equity. If you bought the home during the marriage with marital funds, it's marital property regardless of whose name is on the title.

Vehicles. Use Kelley Blue Book or NADA Guides for fair market value. Subtract any outstanding loan balance.

Bank accounts. List every checking, savings, money market, and CD account. Include the current balance and whether the account is joint or individual. An individual account funded with marital earnings is still marital property.

Retirement accounts. PERS, TRS, SBS-AP, 401(k), 403(b), IRAs, TSP — list each one with the current balance or estimated present value. For defined benefit pensions (PERS Tier I/II, TRS), you'll need the member's annual benefit statement from the Division of Retirement and Benefits (DRB). The marital portion is determined by the coverture fraction: months of creditable service accumulating during the marriage divided by total months of creditable service at retirement.

Alaska-specific assets. These are easy to overlook on a generic worksheet:

• Permanent Fund Dividend (PFD): Each year's PFD received during the marriage is marital property. The 2025 PFD was $1,000 per person; the 2024 PFD was $1,702.
• ANCSA shares: The shares themselves are non-transferable under federal law, but dividends received during the marriage are income the court may consider in the property division and spousal-maintenance analysis.
• Limited entry fishing permits and IFQs: Classified as valuable property interests. The marital portion depends on when the permit was acquired relative to the marriage.

Other assets. Household furnishings (garage-sale value, not replacement cost), jewelry, tools, collections, cryptocurrency, business interests, intellectual property, and tax refunds owed.

Building Your Debt Schedule

List every liability the same way: creditor, outstanding balance, whose name is on the account, and whether the debt is marital or separate. Debts incurred during the marriage for the benefit of the family are presumed marital regardless of which spouse signed the credit agreement.

Key categories: mortgage(s), home equity lines, auto loans, student loans, credit cards, medical bills, personal loans, and tax obligations. For each joint debt, note whether the original agreement makes both spouses liable — because a divorce decree assigning a debt to one spouse does not release the other from the creditor's contract.

Calculating Monthly Income and Expenses

Form DR-250 requires each spouse's gross monthly income from all sources minus mandatory deductions. Alaska's child support formula (Civil Rule 90.3) uses "adjusted annual income," which starts with gross income and subtracts federal and state taxes, Social Security/Medicare, mandatory retirement contributions, and existing child support orders for prior children.

Income sources to capture: wages and salary, overtime, bonuses, commissions, self-employment income, PFD payments, ANCSA dividends, rental income, investment income, military allowances (BAH and BAS are included in Alaska child support calculations), workers' compensation, unemployment benefits, and Social Security.

On the expense side, document your actual monthly costs: housing, utilities, food, transportation, insurance, medical, childcare, clothing, and debt payments. This becomes the basis for any spousal maintenance claim — Alaska courts only award maintenance when the marital property division alone can't resolve the financial imbalance.

From Worksheet to Court Form

Once your worksheet is complete, transferring the data to DR-255 and DR-250 is straightforward. The worksheet does the heavy lifting — organizing, valuing, classifying — so the court form becomes a formatting exercise rather than a research project.

The Alaska Divorce Financial Split Guide includes pre-built worksheets for every asset category, including Alaska-specific tracking sheets for PFDs, ANCSA dividends, fishing permits, and state retirement accounts. Each worksheet maps directly to the fields on DR-255, so nothing falls through the cracks.

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