What it is

Debt allocation divides marital debts — mortgage, credit cards, car loans, student loans, and medical bills — fairly between both spouses as part of the divorce.

When you need this

• You have joint debts or debts incurred during the marriage
• You need to determine who is responsible for which debts
• You want to protect yourself from your spouse's future spending on joint accounts

What you'll need to answer

• List of all debts with current balances
• Whose name each debt is in (joint or individual)
• What each debt was used for
• Monthly minimum payments for each debt