Marital Settlement Agreement Template
Understanding More about The Marital Settlement Agreement
A marital settlement agreement is a contract that defines the terms of the divorce between husband and wife. This is the main or latest way for the couple to end their relationship. This statement can be used just depend on the issues in the married; various cases make a couple decided to divorce. For your information, these issues must be addressed if children are involved. Both of the parents should identify if they are going to share joint legal custody. Next, the other information that can be seen is the parent of the primary residence and the parent of alternate residence should be designated on this agreement template.
On the marital settlement agreement template, you can see some issues relating to the children, one of them is the child support. Beside it, the contribution to camp, daycare, and the activities are also important. Private school tuition and costs should be written on children’s issues. There are also health insurance and unreimbursed health expenses. The selection of college with the allocation of college tuition payment and loans should be thought by the parents. Do not forget about life insurance, because there must be enough insurance to secure both child support and college contribution obligations for their future life.
Samplels of Marital Settlement Agreement :
There is an amount that should be paid and the duration of the payment on the marital settlement agreement if it is involved in the settlement. The agreement must include life insurance to secure the alimony. On this agreement, there should have some information about the asset, debt, and also allocate the money. This part is including the real estate, mortgages, lines of credit, and the other loans related to the asset. Tax issues such as dependency deductions should be written on this agreement too, followed with the other issues related to the future participation in mediation in the event of a dispute or the involvement of a parent coordinator for custody and parenting time issues. If you are interested in a template of this kind of agreement, you can click the free download link provided at the bottom of this page.
Marital Settlement Agreement Template | Word – download