Itemizing Household Items
Most people will likely shy away from this suggestion. It will seem like overkill and can take a great deal of time. However, it might depend on the amount of conflict you’re experiencing in your relationship. This idea can be incredible if you know there will be fights over who owns what. The more precise you are, the better.
Generally, your items will be valued at “garage sale” values. This means that you will estimate the total value for all your furniture and furnishings at what you might get from the public if everything in your house was offered for sale at the curb. High-ticket items like electronics, special beds, artwork, etc. may be valued at what you could sell or auction them for, but if you insist on a high value for an item, you may need to produce a receipt for its purchase.
Make a comprehensive list of all items in the household, with appropriate garage sale values. Some people even take photos to prove the existence and condition of high-value or specialty items. This list should include everything from furniture and appliances to kitchenware and decorations.
Once you have a list of all the items, you can start categorizing them based on their sentimental value and who purchased them. The idea is to get a big-picture view of what is owned and consolidate it into one place to be agreed upon and managed. You will be asked for the total estimated value of the furniture and furnishings on your financial disclosure forms, so the more accurate you can be, the better, as those documents are signed under penalty of perjury. Be truthful!