Arizona Divorce Financial Worksheet
Why You Need a Financial Worksheet Before You Do Anything Else
Arizona gives you 40 days after the first responsive pleading to exchange a complete set of financial disclosures under Rule 49. That deadline comes fast, and most people don't realize how many documents they need to gather — or how to organize them once they do.
A financial worksheet isn't optional paperwork. It's the foundation of your entire case: property division, spousal maintenance calculations, child support, and settlement negotiations all depend on accurate, organized financial data.
Asset Categories to Inventory
Work through each category systematically. For every asset, note: whose name it's in, when it was acquired, its current fair market value, and whether you believe it's community or separate property.
Real estate. Family home, rental properties, vacation homes, vacant land, timeshares. Include the current appraised value, outstanding mortgage balance, and equity.
Vehicles. Cars, trucks, motorcycles, boats, RVs. Use Kelley Blue Book private-party value. Note any outstanding loans.
Bank accounts. Checking, savings, money market, CDs. Both individual and joint accounts. Rule 49 requires statements covering six months before the petition was filed through the disclosure date.
Investment accounts. Brokerage accounts, mutual funds, stocks, bonds, ETFs. Note the cost basis — it affects the tax-adjusted value.
Retirement accounts. 401(k), 403(b), IRA, Roth IRA, pension, deferred compensation. Identify the pre-marital balance versus the community portion. Rule 49 requires statements covering six months before the petition was filed through the disclosure date.
Life insurance. List each policy's face value, cash surrender value, and premium cost. If a policy has a cash surrender value, list it as an asset and determine whether that value is community or separate.
Business interests. Ownership shares, partnership interests, professional practices, LLCs. These require records for the last five completed calendar or fiscal years under Rule 49.
Personal property. Furniture, electronics, jewelry, art, antiques, collections, tools, equipment. Value at fair market (resale) value, not purchase price.
Digital assets. Cryptocurrency holdings, NFTs, digital accounts with transferable value. Include exchange balances and wallet addresses.
Debt Categories to Inventory
For each debt, note: whose name is on the account, the current balance, the monthly payment, the interest rate, and when the debt was incurred.
Mortgages and HELOCs. Primary home, second homes, investment property.
Vehicle loans. Auto loans, motorcycle loans, RV financing.
Credit cards. Every card — joint and individual. Rule 49 requires statements covering 11 months before the petition was filed through the disclosure date, the longest lookback period in the disclosure rules.
Student loans. Note whether they're from before or during the marriage. Pre-marital student loans are generally separate debt.
Medical debt. Doctor's bills, hospital bills, dental work, therapy costs incurred during the marriage.
Tax liabilities. Unpaid federal or state taxes, payment plans with the IRS or Arizona Department of Revenue.
Personal loans. Family loans, lines of credit, any other outstanding obligations.
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Mapping to the Court's Requirements
Arizona's disclosure system has specific lookback windows by document type:
| Document | Lookback Period |
|---|---|
| Bank statements | 6 months before petition through disclosure date |
| Retirement statements | 6 months before petition through disclosure date |
| Life insurance statements | 6 months before petition through disclosure date |
| Credit card/debt statements | 11 months before petition through disclosure date |
| Business records | Last 5 completed calendar or fiscal years |
| Tax returns | 2 most recent completed calendar years |
Your financial worksheet should be organized so that every line item maps cleanly to these categories. When you sit down to prepare your Affidavit of Financial Information (the sworn financial statement filed with the court), the worksheet becomes your source document.
Classifying Community vs. Separate
For each asset and debt, you need to determine its character:
Community if acquired during the marriage with marital funds or effort. This is the default presumption in Arizona.
Separate if owned before the marriage, received as a gift or inheritance, or acquired after service of a petition that results in a final decree. You'll need clear and convincing evidence to prove separate status — typically a documented paper trail of bank statements and transaction records.
Mixed if separate property was partially commingled with community funds. These require tracing to determine the community and separate portions.
Building Your Worksheet
The Arizona Divorce Financial Split Guide includes a comprehensive asset-and-debt inventory worksheet organized by category, with columns for classification (community/separate/mixed), fair market value, and the matching Rule 49 exhibit reference — so every item you list feeds directly into your required disclosures.
Get Your Free Arizona — Marital Asset & Debt Inventory Checklist
Download the Arizona — Marital Asset & Debt Inventory Checklist — a printable guide with checklists, scripts, and action plans you can start using today.