Divorce Written Agreement Sample

Divorce Written Agreement Sample: A Guide to Crafting a Comprehensive Document

Divorce can be a difficult and trying time, and the process of dividing assets and determining custody arrangements can be even more complicated. A divorce written agreement is a document that outlines the specifics of a divorce settlement, including property division, spousal support, child custody, and child support.

If you are going through a divorce, it is crucial to have a written agreement in place to ensure that both parties are on the same page regarding the terms of the divorce. In this article, we will provide you with a comprehensive guide on what to include in a divorce written agreement and provide you with a sample divorce agreement template to use as a starting point.

What to include in a divorce written agreement

A divorce written agreement serves as a legally binding document that outlines the terms of the divorce proceedings. The following are some of the essential items that you should include in your agreement:

1. Property division

Property division is one of the most critical components of a divorce. Your agreement should clearly outline how you will divide assets such as real estate, vehicles, bank accounts, stocks, and other assets. It should also cover debts and liabilities. A fair division of property is one of the most important aspects of settling a divorce.

2. Spousal support

Spousal support, or alimony, is a payment made by one spouse to the other to help them maintain their standard of living after the divorce. Your agreement should clearly outline the amount and duration of spousal support payments that will be made.

3. Child custody and support

If you have children, your agreement should outline who will have custody of the children and how much support will be paid. Child support is typically calculated based on each parent`s income and the number of children involved.

4. Retirement accounts and pensions

Retirement accounts and pensions are often overlooked during a divorce, but they can be valuable assets. Your agreement should cover how these accounts will be divided and distributed.

5. Insurance policies

Your agreement should also cover any insurance policies that you both share, such as life insurance, health insurance, and auto insurance. It should specify who will be responsible for paying the premiums, and who the beneficiaries will be.

Sample Divorce Agreement Template

To help you get started on drafting your divorce written agreement, we have provided a sample template for you to use as a reference.

Divorce Agreement between {Insert spouse’s name} and {Insert spouse’s name}

Date of Agreement: {Insert date of agreement}

Property Division

1. Real Estate

{Insert details on how the real estate properties will be divided, sold or retained by one spouse}

2. Vehicles

{Insert details on how the vehicles will be divided, sold or retained by one spouse}

3. Bank Accounts

{Insert details on how the bank accounts will be divided, or closed}

4. Stocks and Investments

{Insert details on how the stocks and investments will be divided or sold}

5. Debts and Liabilities

{Insert details on how the debts and liabilities will be divided or assigned to each spouse.}

Spousal Support

1. Monthly Payments

{Insert details on the amount and duration of the spousal support payments.}

Child Custody and Support

1. Custody Arrangements

{Insert details on who will have custody of the children and the visitation rights}

2. Child Support

{Insert details on how much child support payments will be made and by whom}

Retirement Accounts and Pensions

{Insert details on how the retirement accounts and pensions will be divided or distributed}

Insurance Policies

{Insert details on how the insurance policies will be divided or maintained}

Conclusion

A divorce written agreement is a necessary document that outlines the terms of a divorce settlement. It ensures that both parties are in agreement regarding the terms of the divorce, and it serves as a legally binding document. If you are going through a divorce, it is essential to have a comprehensive and well-crafted written agreement in place. Use the sample divorce agreement template provided in this article as a guide to drafting your own.

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