If you`re going through a divorce, you may have heard the term “divorce settlement agreement.” This is a legal document that outlines the terms of your divorce, including things like property division, spousal support, and child custody arrangements. It`s essential to have a well-crafted divorce settlement agreement to ensure that both parties are on the same page and that everything is legally binding.

To help you get started, we`ve put together a divorce settlement agreement sample that you can use as a template when drafting your own agreement.

Sample Divorce Settlement Agreement

This agreement, made on [date], between [Petitioner] and [Respondent], addresses the following matters relating to their divorce:

1. Property Division

The parties hereby agree that all assets and liabilities acquired during the marriage shall be divided equally between the parties. The parties shall provide a complete and accurate list of all assets and liabilities owned by each party, including but not limited to:

– Real property

– Bank accounts

– Retirement accounts

– Vehicles

– Stocks and investments

– Debts (including credit cards, loans, and mortgages)

The parties shall have 30 days from the date of this agreement to divide all property and liabilities as outlined above.

2. Spousal Support

The parties agree that [Petitioner/Respondent] shall pay spousal support in the amount of $X per month for a period of [number of months/years]. This amount is based on the financial needs of the receiving party and the ability of the paying party to provide support.

3. Child Custody and Support

The parties agree that [Petitioner/Respondent] shall have primary custody of the children, and the other party shall have visitation rights. The parties shall work together to create a parenting plan that outlines the specific visitation schedule and other details related to the care of the children.

The parties further agree to share the costs of child support, including medical expenses, education expenses, and other needs as they arise.

4. Division of Personal Property

The parties agree that all personal property acquired during the marriage shall be divided equally between the parties. Personal property includes but is not limited to:

– Furniture

– Appliances

– Electronics

– Clothing

– Jewelry

The parties shall provide a complete and accurate list of all personal property owned by each party, and shall have 30 days from the date of this agreement to divide the property as outlined above.

5. Miscellaneous Terms

This agreement represents the entire understanding between the parties and supersedes all prior negotiations, understandings, and agreements between them. This agreement shall be binding upon and inure to the benefit of the parties, their heirs, legal representatives, and assigns.

The parties acknowledge that they have had the opportunity to consult with an attorney of their choice, and that they fully understand the terms and conditions of this agreement.

Conclusion

Remember, every divorce is unique, and your settlement agreement should reflect your individual needs and circumstances. This sample agreement is meant to serve as a starting point for your own negotiations and discussions with your spouse.

If you have any questions about drafting your own divorce settlement agreement, or if you need assistance with the legal process, it`s always best to consult with an experienced divorce attorney. With their guidance, you can ensure that your divorce settlement agreement is fair, legally binding, and provides for the needs of both parties.