Do You Need a Written Settlement Agreement for Your Uncontested Divorce?

If you and your spouse have to resolve financial and property issues, (e.g., bank accounts to divide, real estate purchased during the marriage, debt to allocate, retirement assets to distribute, alimony to be paid or received, etc.,) or if you have children together and you need to figure out custody, child support, and parenting time (visitation), then you will need a written settlement agreement. If you don’t have any financial, property, or child-related issues then you probably don’t need a written settlement agreement.

When you call or e-mail my office we can discuss whether or not you need a written settlement agreement, and if you do, what type of agreement would make the most sense in your situation. I can then write up a marital settlement agreement which can be presented to you and your spouse for your review and signature.

Listed below are some of the major issues that may be covered in a written settlement agreement. Not all of the issues may be relevant to your particular situation. Review the list below and contact my office by telephone at (844) 431-3380 or by e-mail using the e-mail contact form with any questions on how to proceed.

MAJOR ISSUES COVERED IN A NEW JERSEY MARITAL SETTLEMENT AGREEMENT

CHILD-RELATED ISSUES

  1. Child custody
  2. Child Support
  3. College Savings/Expenses
  4. Life Insurance
  5. Emancipation (Termination Date of Child Support)

SPOUSAL SUPPORT ISSUES

  1. Alimony

ASSET DISTRIBUTION

  1. Bank accounts
  2. Stocks, Bonds, Other Financial Assets
  3. Retirement Assets
  4. Vehicles
  5. Real estate

DEBT ALLOCATION

  1. Credit card debt
  2. Personal loans
  3. Tax debt
  4. Mortgage debt

PROTECTION POST-DIVORCE

  1. Indemnification Clauses
  2. Hold harmless Clauses

ANY OTHER ISSUES

  1. Any other issues that may have to be dealt with – each family is unique (e.g. pets; name change for wife)