Use our marital settlement agreement template to divide your property and financial assets as well as create a plan if you have and your ex-spouse have children which are under the age of 18.
What to Know Before Using our Marital Settlement Agreement Template
A marital settlement agreement is also known as a divorce settlement agreement and marital separation agreement. No matter the name, this document is a vital part of working through a divorce. Below are a few tips and pointers on how to properly fill out this form.
Tangible property such as real estate or vehicles is easy to remember when filling out a divorce settlement agreement. However, when dividing finances, you should make sure that joint bank accounts and investments are included.
Furthermore, when dividing intangible finances, you should be as descriptive as possible. This includes stating what type of account or investment it is. Make sure you include account numbers if possible. The same type of description also applies to individual or joint debts that a couple may have incurred. It is important that both parties list every possible asset or debt so there is no conflict when dividing the assets.
Even more important than financial assets is who will handle childcare after the divorce. You will want to lay out a plan for where the children will spend birthdays, holidays, and vacations. A common occurrence is that one parent will get certain holidays on even years and the other parent will get these same holidays in odd years.
Finally, as each state has individualized marital settlement agreement laws, make sure you understand your state-specific laws or reach out to an attorney who can assist you in creating this document to ensure compliance. For this document especially, all state laws need to be adhered to in order to make this a legal document.