Why the Inventory and Appraisement Matters in a Texas Divorce
If you’re going through a divorce in Texas, one of the most important documents you’ll need to complete is the Inventory and Appraisement. This financial disclosure plays a major role in how property and debts are divided, and completing it accurately can make a big difference in the outcome of your case.
In this guide, our Texas divorce attorneys explain what an Inventory and Appraisement is, why it matters, and how to prepare for it efficiently and effectively.
What Is an Inventory and Appraisement?
An Inventory and Appraisement (often referred to as an I&A) is a sworn financial disclosure document required in all Texas divorce cases. It lists:
- All marital assets (community property)
- All debts and liabilities
- Any claims of separate property (property owned before marriage or acquired by gift/inheritance)
Each spouse must submit their own version of the document and sign it under oath. It provides a complete picture of the couple’s finances, which is essential for reaching a fair property division.
Why Is an Inventory and Appraisement Required in Texas?
Under Texas Family Code, the Court is responsible for dividing community property in a manner that is “just and right.” To do this, the Court needs full visibility into each spouse’s financial situation.
The Inventory and Appraisement helps:
- Identify all community and separate property
- Determine the value of marital assets
- Clarify who owes which debts and obligations
- Prevent hidden assets or misinformation
- Support property division negotiations or mediation
⚖️ Texas law requires the Inventory and Appraisement to be filed before the court can enter a Final Decree of Divorce.
What Needs to Be Included?
To complete your Inventory and Appraisement, you’ll need to list and provide documentation for:
Assets:
- Checking and savings accounts
- Retirement accounts (401(k), IRA, pensions)
- Investment portfolios
- Real estate (homes, rental properties, land)
- Vehicles (cars, motorcycles, RVs, boats)
- Businesses and partnerships
- Personal property (furniture, electronics, jewelry, collectibles)
Debts:
- Mortgages and HELOCs
- Car loans and leases
- Student loans
- Credit card balances
- Personal loans
Separate Property (if applicable):
- Property acquired before marriage
- Gifts or inheritances received individually during the marriage
- Proceeds from personal injury claims (with certain exceptions)
How Long Does It Take to Prepare?
Completing the Inventory and Appraisement isn’t something you can do in one quick sitting. Be prepared to spend:
- 4–6 hours answering the questionnaire
- 4–6 hours gathering supporting documentation (bank statements, titles, tax returns, etc.)
- 2–4 hours organizing, copying, and submitting the information to your attorney
We recommend starting this process early. You will need at least two years of financial records, which can take time to locate and organize.
Tips for an Accurate and Stress-Free Process
Here are a few expert tips to help streamline your I&A preparation:
Get Organized Early
Create digital folders for documents like tax returns, bank statements, and property titles.
Don’t Guess
If you’re unsure about the value of something, like a business interest or retirement account, ask for guidance or hire a valuation expert.
Be Honest and Thorough
Failing to disclose assets (intentionally or accidentally) can lead to serious legal consequences and hurt your credibility in court.
Use Digital Statements
Most banks and financial institutions allow you to download statements—this can save you hours of digging through paper files.
Need Help? Our Texas Divorce Attorneys Are Here for You
At Denis Law Group, we understand that financial disclosures like Inventory and appraisals can feel overwhelming, especially during an emotionally difficult time. Our experienced family law team is here to help you:
- Understand your obligations under Texas law
- Accurately complete your I&A
- Protect your financial interests in divorce
- Navigate property division, spousal support, and more
Contact us today to schedule a consultation and get support with every step of your Texas divorce process.