FL-160 is a California family court form used in divorce, legal separation, and annulment cases to list and describe all property and debts owned by the parties. It provides a structured way to identify which items are claimed as community property—things acquired during the marriage or partnership—and which are separate property, such as assets owned before the relationship, after separation, or obtained by gift or inheritance. This form is essential for helping the court understand what property exists and how each party believes it should be divided.

The form is often used when the simpler Schedule of Assets and Debts (FL-142) is not enough or when a party needs to clearly present their position regarding property characterization and division. FL-160 allows each person to itemize assets such as real estate, vehicles, bank accounts, retirement plans, personal belongings, business interests, and financial accounts. It also includes sections for listing debts—from credit cards to loans—which must also be divided between the parties based on their classification as community or separate.

FL-160 is especially useful in cases involving disputed property, complex assets, or high-value items. The form gives space to explain how and when each asset was acquired, which helps the court determine whether the property is shared or individually owned. It also allows a party to propose how they believe the property should be divided, either by assigning items to one party or suggesting equalization payments. This clarity supports negotiations and helps the judge understand the party’s position if the case goes to trial.

Because both parties sign financial disclosures under penalty of perjury, the information provided on FL-160 must be accurate and complete. Failing to list assets or debts can result in legal consequences, including reopening the judgment or awarding the omitted assets entirely to the other party. The form ensures transparency so that property division can be fair, legally sound, and based on full disclosure.

In summary, FL-160 is a detailed property declaration form used to identify, classify, and propose division of assets and debts in California family law cases. It provides the court with a clear, organized breakdown of property, supports negotiations, and helps prevent disputes. Completing this form carefully is essential for creating a fair and complete property settlement and for moving the case toward a final judgment.