Divorce Settlement Agreement
Some divorce settlement agreements take into consideration several aspects of marital dissolution like child custody, spousal support, child support and property issues. In this article, the general format of a divorce settlement agreement that is related to property issues only is explained.
Contents of Divorce Settlement Agreement related to Property
The personal property that is listed to the Petitioner as well as the Respondent is listed. This is inclusive of but not limited to artwork, computer equipment, collections, clothing and household furnishings.
The term "vehicles" is inclusive of but not limited to boats, recreational vehicles and automobiles. Both the parties have to accede to retain the vehicles that they presently possess. If there is any alteration in the record ownership of these vehicles, then both parties have to execute the essential documents in this regard.
If the Petitioner and Respondent have any rights in each other's pension, both of them accede to waive these rights. Now all retirement accounts would be held individually. They would remain the separate property of the spouse.
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