Structure
When navigating the complexities of divorce in Michigan, one essential tool is the Divorce Settlement Agreement form. This document plays a critical role in outlining the terms agreed upon by both parties, covering significant aspects such as the division of assets and debts, child custody arrangements, and spousal support. By clearly detailing these agreements, the form helps to minimize misunderstandings and conflicts during the divorce process. Additionally, it serves as a legally binding contract once signed, ensuring that both parties adhere to the terms laid out within. Understanding how to effectively complete this form is vital for anyone going through a divorce, as it not only impacts immediate arrangements but can also influence future obligations and rights. The Divorce Settlement Agreement form is designed to provide clarity and structure, making it an indispensable part of the divorce proceedings in Michigan.
Form Example
Michigan Divorce Settlement Agreement
This Divorce Settlement Agreement ("Agreement") is entered into by and between _________________ ("Party 1") and _________________ ("Party 2") (collectively, the "Parties"), who have agreed to live separately and apart, terminating their marital relationship pursuant to the laws of the State of Michigan. This Agreement addresses the division of their assets, debts, and other marital responsibilities.
Under the authority of the Michigan Compiled Laws, specifically under the Michigan Marriage Act, the Parties hereby stipulate to the following terms:
1. Marital Dissolution
The Parties acknowledge that their marriage will be dissolved according to the laws of the State of Michigan, with the dissolution effective as of _________________ (the "Effective Date").
2. Division of Marital Assets
The Parties have made a complete disclosure to each other of all their marital assets and agree to divide them as follows:
- Real property located at _________________ shall be (granted to/owned by) _________________.
- Vehicles (describe) _________________ shall be (granted to/owned by) _________________.
- Bank accounts and monetary assets shall be divided as follows: _________________.
3. Division of Marital Debts
The Parties also agree to divide their marital debts as follows:
- Mortgage on real property at _________________ shall be the responsibility of _________________.
- Car loan for (describe vehicle) _________________ shall be paid by _________________.
- Credit card debts (list) shall be divided as follows: _________________.
4. Alimony
Party 1 _________________ (will/will not) pay alimony to Party 2. The terms of the alimony are as follows: _________________.
5. Child Custody and Support
If the Parties have minor children, they agree to the following terms regarding their custody and support, compliant with the Michigan Child Custody Act:
- The child(ren) shall reside primarily with _________________.
- Visitation rights are granted to _________________ as follows: _________________.
- Child support shall be paid by _________________ in the amount of _________________, in accordance with Michigan guidelines.
6. Miscellaneous
This Agreement constitutes the entire agreement between the Parties concerning their divorce settlement and supersedes all previous agreements, whether written or oral. Any amendments to this Agreement must be in writing and signed by both Parties.
This Agreement will be governed by and construed in accordance with the laws of the State of Michigan. Each party confirms that they have had the opportunity to seek independent legal advice before signing this Agreement.
This Agreement has been executed on the ______ day of _________________, 20____.
Party 1 Signature: ___________________________
Party 2 Signature: ___________________________
Notary Public: _______________________________
State of Michigan)
County of _________________)
Subscribed and sworn before me this ______ day of _________________, 20____.
Notary Signature: ____________________________
Document Properties
| Fact Name | Description |
|---|---|
| Purpose | The Michigan Divorce Settlement Agreement form is used to outline the terms of a divorce settlement between spouses, including asset division, child custody, and support arrangements. |
| Governing Law | This form is governed by Michigan state law, specifically the Michigan Compiled Laws, Act 295 of 1970, which pertains to divorce proceedings. |
| Requirements | Both parties must agree to the terms laid out in the form for it to be valid. It should be signed in the presence of a notary public. |
| Filing | The completed form must be filed with the court as part of the divorce proceedings to ensure that the agreement is legally enforceable. |
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