FL-142 Schedule of Assets and Debts: How to Organize Property and Debt
FL-142 is where messy finances become a structured divorce inventory. Use it to organize real estate, accounts, retirement, stock compensation, vehicles, business interests, and debts before disclosure, settlement, or attorney review.
Last reviewed: June 11, 2026
Quick answer
FL-142 helps list what you own, owe, and may need to prove
Use FL-142 to organize assets and debts for financial disclosure. The form is usually shared with the other party, not filed with the court as a public attachment. Keep the proof behind each value because the numbers may later drive settlement.
Authority links
Official forms and source links
Official Judicial Council form used to list assets and debts for disclosure.
Explains the required financial disclosure exchange and that financial documents are shared with the spouse, not filed with the court.
Disclosure declaration that lists required attachments.
Alternative property declaration form that may be used instead of or alongside other schedules depending on the case.
Checklist
Documents to gather before filling out FL-142
Real estate
- Grant deed, title report, or closing statement.
- Current mortgage, HELOC, or second loan balance.
- Estimated market value, appraisal, sale comps, or listing agreement.
- Date-of-marriage and date-of-separation values if relevant.
- Refinance documents and interspousal transfer deeds.
Cash and bank accounts
- Checking and savings statements.
- Credit union, CD, money market, or payment app balances.
- Statements near separation and current date.
- Records showing separate-property deposits or withdrawals.
Retirement and investments
- 401(k), IRA, pension, CalPERS, CalSTRS, and deferred compensation statements.
- Brokerage statements and dividend records.
- RSU, stock option, ESPP, and restricted stock documents.
- Grant dates, vest dates, share counts, and tax withholding records.
Debts and liabilities
- Credit card statements.
- Student loan records.
- Auto loan payoff statements.
- Personal loans, family loans, tax debts, and medical debts.
- Records showing who paid debts after separation.
Business and self-employment
- Ownership documents and operating agreement.
- Business bank statements.
- Profit and loss statements.
- Business tax returns.
- Receivables, payables, loans, and equipment lists.
Personal property and vehicles
- Vehicle title, registration, loan, and estimated value.
- Jewelry, art, tools, collectibles, or equipment appraisals.
- Insurance schedules and receipts for valuable items.
- Photos or inventory lists when property is disputed.
How to fill out FL-142 without losing the evidence trail
List the asset or debt
Use clear labels: Chase checking, 2019 Tesla loan, Fidelity 401(k), Santa Clara home.
Add a value or balance date
A value without a date is weak. Save the statement, appraisal, payoff quote, or estimate source.
Mark character carefully
Community, separate, and disputed property claims should be backed by records, not just labels.
Connect complex items to calculators
Homes, RSUs, Watts/Epstein, and transmutation issues need extra date and value records.
Do not let the form become the only record
High-value problem areas
Real estate
A house may require purchase records, title history, mortgage balances, refinance documents, and value evidence.
RSUs and stock options
Gather grant dates, vest dates, share counts, employment dates, brokerage records, and tax withholding.
Retirement accounts
Statements near marriage, separation, and current date may matter for community and separate claims.
Post-separation payments
Debt payments, mortgage payments, property taxes, and occupancy can become reimbursement or offset issues.
Related calculators and guides
Preliminary disclosure guide
See where FL-142 fits into the broader disclosure packet.
FL-150 income and expense guide
Use this for income, monthly expenses, and support-related records.
Real property calculator
Use after gathering deed, mortgage, value, and payment records.
RSU calculator
Use after gathering grant and vesting documents.
FL-142 FAQ
Do I file FL-142 with the court?
Generally no. FL-142 is usually part of the financial disclosure documents served or shared with the other party. California Courts says financial documents are not filed with the court; a form is filed to tell the judge disclosure happened.
Do I list separate property on FL-142?
If you claim an asset is separate property, disclose it clearly and keep the evidence supporting that claim. The form helps organize assets, debts, values, and claimed character.
What if I do not know the value of an asset?
Use a reasonable estimate only if you label it as an estimate and keep the basis for that estimate, such as a statement, appraisal, market comp, or payoff quote.
Should RSUs go on FL-142?
RSUs, stock options, and other equity compensation should be disclosed if they exist. Gather grant notices, vesting schedules, brokerage records, and pay stubs showing vesting income.
Should debts be listed even if only one spouse used the card?
List known debts and keep evidence about timing, purpose, and who paid. Character and allocation may depend on facts, but incomplete disclosure creates risk.
Legal disclaimer: This guide is for informational and educational purposes only and does not constitute legal advice. California divorce paperwork can involve legal and factual issues. Review official court instructions and consult a licensed California family law attorney for advice about your situation.