Who Gets The Money Worksheet

Understanding the Who Gets the Money Worksheet

Navigating the Financial Maze of Separation or Divorce

Separation and divorce proceedings are rarely easy, often imbued with emotional turmoil and complex financial entanglements. One crucial aspect of disentangling intertwined finances involves determining who gets what. This is where the who gets the money worksheet comes in, serving as a vital tool for couples, mediators, or legal professionals to equitably divide assets and debts.

Demystifying the Who Gets the Money

The who gets the money is not a standardized legal document but rather a colloquial term for a tool that helps organize and allocate financial resources during separation or divorce. It can take various forms, from a simple spreadsheet to a more detailed questionnaire, but generally includes the following components:

1. Identifying Assets and Debts:

The worksheet begins by creating a comprehensive inventory of all assets and debts acquired during the relationship. This might encompass:

  • Bank accounts (checking, savings, money market)
  • Investment accounts (stocks, bonds, mutual funds)
  • Retirement accounts (401(k), IRA, pensions)
  • Real estate (primary residence, rental properties, vacation homes)
  • Vehicles (cars, motorcycles, boats)
  • Personal property (jewelry, furniture, art)
  • Business interests
  • Credit card debt
  • Student loans
  • Mortgages
  • Personal loans

2. Determining Ownership and Value:

Once assets and debts are listed, the next step involves establishing ownership (individual, joint, or commingled) and determining their current market value. This may require appraisals for certain assets like real estate or businesses.

3. Assigning Allocation:

This is the heart of the who gets the money worksheet, where the allocation of assets and debts takes place. The division can occur through various means, depending on the jurisdiction and the couple’s circumstances:

  • Community Property States: In these states, assets and debts acquired during the marriage are generally divided equally (50/50).
  • Equitable Distribution States: These states aim for a fair and equitable division of assets and debts, considering factors like each spouse’s contributions, earning capacity, and length of the marriage.
  • Negotiation and Settlement: Regardless of the state laws, couples often negotiate and reach their own agreements on asset and debt division, sometimes through mediation.

4. Addressing Spousal Support and Child Support:

While not directly related to asset and debt division, the who gets the money might also address spousal support (alimony) and child support obligations, as these financial considerations impact the overall financial picture.

Benefits of Using a Who Gets the Money Worksheet

Utilizing a who gets the money work offers several benefits during separation or divorce:

  • Promotes Transparency: By listing all assets and debts, the worksheet fosters financial transparency and reduces the risk of hidden assets or liabilities.
  • Facilitates Negotiation: Having a clear financial picture helps couples and their legal representatives negotiate more effectively and reach mutually agreeable settlements.
  • Simplifies Complexities: The worksheet simplifies the often-overwhelming task of dividing multifaceted finances, making it easier to understand each party’s financial standing.
  • Reduces Conflict: Open communication and clarity regarding financial matters can help minimize disputes and emotional strain during an already challenging process.

Who Can Benefit from this Worksheet?

The who gets the money can be a valuable tool for:

  • Couples considering separation or divorce: It allows them to start conversations about their finances and potential division scenarios.
  • Individuals going through separation or divorce: It provides a structured way to organize their financial information and understand their rights and obligations.
  • Mediators: The worksheet can guide discussions and help couples reach amicable settlements.
  • Attorneys: It serves as a foundation for legal advice and representation regarding financial matters in divorce proceedings.

Important Considerations and Disclaimer

While the who gets the money serves as a valuable tool, it’s crucial to remember:

  • It’s not a substitute for professional legal or financial advice. Consulting with qualified professionals is essential to ensure accurate information and appropriate guidance.
  • State laws regarding property division, spousal support, and child support vary significantly. Understanding the laws in your jurisdiction is paramount.
  • The worksheet should be a dynamic document, subject to updates and revisions as circumstances change or more information becomes available.


Navigating the financial complexities of separation or divorce can be daunting. The who gets the money sheet provides a practical framework for couples, mediators, and legal professionals to approach this process with clarity, organization, and a focus on achieving a fair and equitable outcome. While not a substitute for professional advice, it serves as a valuable tool to initiate conversations, facilitate negotiations, and promote transparency during this challenging life transition.



I (Susanna) was inspired to start “Best Way to Make Money Online” by my passion for entrepreneurship and my desire to provide practical advice and strategies for individuals seeking financial success in the digital realm. I believe in the power of collaboration and sharing ideas, emphasizing the importance of knowing one’s purpose beyond just profit. My background in language learning and online education has equipped me with the skills and knowledge to create a platform that empowers others to navigate the online landscape effectively and achieve their financial goals.