Marital Separation Agreement Template

Marital Separation Agreement Template

This Marital Separation Agreement (the “Agreement”) is made as of [Effective Date] by and between:

Spouse 1: [Full Legal Name], residing at [Address] (“Spouse 1”).
Spouse 2: [Full Legal Name], residing at [Address] (“Spouse 2”).

Spouse 1 and Spouse 2 may be referred to individually as a “Spouse” and collectively as the “Spouses.”

1. Separation and Purpose

1.1 Separation Date. The Spouses separated (or will separate) on [Separation Date].
1.2 Purpose. This Agreement sets forth the Spouses’ rights and responsibilities during separation and may be used in connection with divorce proceedings, if applicable.
1.3 No Admission. This Agreement is a compromise and is not an admission of wrongdoing by either Spouse.

2. Living Arrangements

2.1 Residences.

• Spouse 1 will reside at: [Address].

• Spouse 2 will reside at: [Address].
  2.2 Marital Home (If Applicable).
  ☐ Spouse 1 remains in the home until [Date].
  ☐ Spouse 2 remains in the home until [Date].
  ☐ The home will be sold by [Date] and proceeds handled under Section 4.
  ☐ Other: [Plan].

3. Children (If Applicable)

3.1 Children. The Spouses have the following child(ren): [Names/DOB].
3.2 Legal Custody. ☐ Joint ☐ Spouse 1 ☐ Spouse 2.
3.3 Physical Custody / Parenting Time. [Schedule].
3.4 Decision-Making. Decisions about education, medical care, and activities will be made by: [Process].
3.5 Travel and Relocation (Optional). [Rules/notice].
3.6 Dispute Resolution for Parenting Issues. [Mediation/coordinator/court].

4. Property Division

4.1 Marital Property. The Spouses agree to divide marital property as follows (attach schedules if needed):

• Real estate: [Address; who keeps or sale terms].

• Vehicles: [Vehicle details; allocation].

• Bank accounts/investments: [Accounts and division].

• Retirement accounts: [Terms; QDRO if applicable].

• Personal property: [Furniture, jewelry, etc.].
  4.2 Separate Property. Each Spouse keeps their separate property, including: [List].
  4.3 Transfer Timing. Transfers will occur by [Date] and documents will be signed as needed.

5. Debts and Liabilities

5.1 Marital Debts. The Spouses will be responsible for debts as follows:

• Credit cards: [Account; responsible spouse].

• Loans: [Details].

• Taxes: [Details].
  5.2 Hold Harmless. Each Spouse will hold the other harmless from debts assigned to them under this Agreement.

6. Support

6.1 Spousal Support (Alimony).
☐ None
☐ Spouse 1 pays Spouse 2 $[Amount] per [month] starting [Date] until [End/Condition].
☐ Spouse 2 pays Spouse 1 $[Amount] per [month] starting [Date] until [End/Condition].
6.2 Child Support (If Applicable).
☐ None ☐ Will be set by court/order ☐ Agreed amount: $[Amount] per [month].
6.3 Payment Method. Payments will be made by: ☐ Bank transfer ☐ Check ☐ Other: [Method].
6.4 Health Insurance. [Who provides; how costs are split].
6.5 Additional Expenses (Optional). [Childcare, school, medical, extracurriculars].

7. Taxes

7.1 Filing Status. For the tax year [Year], the Spouses will file as: ☐ Joint ☐ Separate.
7.2 Dependency Exemptions (If Applicable). [Who claims child(ren) and in which years].
7.3 Tax Refunds/Liabilities. Any refunds or liabilities will be handled as: [Split terms].

8. Estate and Beneficiaries (Optional)

8.1 Beneficiary Updates. Each Spouse may update beneficiaries as permitted by law and contract.
8.2 Wills and Powers. Each Spouse is encouraged to update estate planning documents.

9. Dispute Resolution

9.1 Good-Faith Negotiation. The Spouses will attempt to resolve disputes in good faith.
9.2 Mediation (Optional). Disputes will be mediated before court action, unless urgent.
9.3 Venue (Optional). Any court proceeding will be filed in [County/State].

10. General Terms

10.1 Independent Legal Advice. Each Spouse acknowledges they had the opportunity to seek independent legal advice before signing.
10.2 Voluntary Agreement. Each Spouse signs voluntarily without duress.
10.3 Full Disclosure. Each Spouse represents they have disclosed all material assets and debts.
10.4 Modifications. Changes must be in writing and signed by both Spouses (and court-approved if required).
10.5 Governing Law. This Agreement is governed by the laws of [State/Country].
10.6 Severability. If any provision is unenforceable, the rest remains effective.
10.7 Entire Agreement. This Agreement is the entire separation agreement between the Spouses.

Signatures

By signing below, the Spouses agree to this Marital Separation Agreement as of the Effective Date.

Spouse 1: [Full Legal Name]
Date: [Date]
Signature: ___________________________

Spouse 2: [Full Legal Name]
Date: [Date]
Signature: ___________________________

Witnesses (Optional)

Witness 1 Name: [Name]
Date: [Date]
Signature: ___________________________

Witness 2 Name: [Name]
Date: [Date]
Signature: ___________________________

Notary / Notarization (Optional)

State of [State]
County of [County]

On [Date], before me, [Notary Name], personally appeared [Spouse 1 Name] and [Spouse 2 Name], known to me (or satisfactorily proven) to be the persons whose names are subscribed to this instrument, and acknowledged that they executed the same for the purposes stated herein.

Notary Public Signature: _______________________
My Commission Expires: _______________________