Divorce Property Settlement Agreement
Divorce Property Settlement Agreement
I. Introduction
This Divorce Property Settlement Agreement ("Agreement") is made between [YOUR FULL NAME] ("Party A") and [SPOUSE'S FULL NAME] ("Party B"), collectively referred to as "the Parties", and is effective as of [EFFECTIVE DATE]. This Agreement serves to outline the terms concerning the division and distribution of property owned by the Parties as a result of the termination of their marriage.
II. Declaration of Disclosure
The Parties declare that they have fully disclosed to each other all financial assets and liabilities. Each Party confirms they have a comprehensive understanding of the marital finances necessary to make this Agreement.
III. Division of Real Property
The Parties agree to the following division of real properties acquired during the marriage:
The primary residence located at [PRIMARY RESIDENCE ADDRESS] shall be:
Transferred to [PARTY A'S NAME/PARTY B'S NAME]
The other party will be bought out for an agreed amount of [AMOUNT]
Any rental properties, vacation homes, or other real estate shall be:
Divided or sold as per mutual agreement described in [DOCUMENT OR ATTACHMENT].
IV. Division of Personal Properties
Motor vehicles, while under the ownership of the Parties, shall be assigned as follows:
[YEAR, MAKE, AND MODEL] to [RECIPIENT PARTY'S NAME].
Remaining vehicles to be sold with proceeds divided equally.
Household furniture and appliances shall be:
Kept by [RECIPIENT PARTY'S NAME] or
Sold, with proceeds split equally.
V. Child Custody and Support
Custody arrangements for [CHILD/CHILDREN'S NAME(S)] are as follows:
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Primary custody: [PRIMARY CUSTODIAN'S NAME]
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Visitation rights: Details in the schedule [REFER TO DOCUMENT].
Child support will be provided by [PAYING PARTY'S NAME] in the amount of [MONTHLY AMOUNT], adhering to the guidelines of [STATE/COUNTRY LAW].
VI. Spousal Support
[PARTY A'S NAME/PARTY B'S NAME] shall provide spousal support to the other in the amount of [MONTHLY SPOUSAL SUPPORT AMOUNT] for a period of [SUPPORT DURATION].
VII. Miscellaneous Provisions
This Agreement encompasses the entire agreement of the Parties concerning the matters of property and spouse support. Any modifications must be written and signed by both Parties.
VIII. Legal and Professional Fees
Each Party will bear their own legal and professional fees incurred in relation to this divorce settlement, unless agreed otherwise within this Agreement.
IX. Signatures
Both Parties acknowledge they have read this Agreement, have been given the opportunity to consult with legal counsel, and voluntarily consent to all its terms:
[YOUR NAME]
[SPOUSE'S NAME]
[DATE]
