Does an asset or debt get listed on your financial statement or your spouse's?

It depends on whose name the asset or debt is registered in. For example, if the matrimonial home is just in one spouse’s name, the house would only be listed on that person’s financial statement. However, the other spouse is still entitled to 50% of the value of the matrimonial home, even though title is only in one person’s name. If there is a joint bank account, then 50% of the amount in the joint bank account is listed on each person’s financial statement.

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