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ApplyThis Summary Dissolution Property Agreement (the “Agreement”) is made as of [Effective Date] by and between:
Spouse 1: [Full Legal Name], address: [Address] (“Spouse 1”)
Spouse 2: [Full Legal Name], address: [Address] (“Spouse 2”)
Marriage Date: [Date]
Separation Date (Optional): [Date]
Case/Court (Optional): [Court/County], Case No.: [__]
1.1 The spouses intend to use this Agreement as part of a summary dissolution (simplified divorce) process, where permitted.
1.2 This Agreement is intended to be: ☐ final and binding upon signature ☐ subject to court approval (if required).
2.1 Each spouse represents they have disclosed all material assets and debts to the other to the best of their knowledge.
2.2 Each spouse had the opportunity to seek independent legal advice.
3.1 General Rule (Optional):
☐ Each spouse keeps the personal property currently in their possession, except as listed below.
☐ Property is divided only as listed below.
3.2 Real Estate (Select One):
☐ None
☐ Real estate will be handled as follows: [Address, title transfer steps, refinance/sale timeline, deed type].
3.3 Vehicles (List):
Vehicle: [Year/Make/Model/VIN last 6] → Awarded to: ☐ Spouse 1 ☐ Spouse 2
Loan responsibility: ☐ Spouse 1 ☐ Spouse 2 ☐ shared (terms)
3.4 Bank Accounts/Cash:
Account: [Bank + last 4] → Awarded to: ☐ Spouse 1 ☐ Spouse 2
Cash on hand division: [Terms]
Account: [Bank + last 4] → Awarded to: ☐ Spouse 1 ☐ Spouse 2
Cash on hand division: [Terms]
3.5 Retirement Accounts:
Plan: [401(k)/pension], holder: [] → Division: [] (QDRO if required)
IRA: [] → Division: [] (transfer incident to divorce if applicable)
Plan: [401(k)/pension], holder: [] → Division: [] (QDRO if required)
IRA: [] → Division: [] (transfer incident to divorce if applicable)
3.6 Personal Property (Major Items):
Item: [__] → ☐ Spouse 1 ☐ Spouse 2
Item: [__] → ☐ Spouse 1 ☐ Spouse 2
Item: [__] → ☐ Spouse 1 ☐ Spouse 2
3.7 Business Interests (If Any):
[Business/interest] → Awarded to: ☐ Spouse 1 ☐ Spouse 2
Buyout/payment terms (if any): [__]
3.8 Pets (Optional):
Pet: [Name/type] → Primary care: ☐ Spouse 1 ☐ Spouse 2
Expenses/visitation (optional): [__]
3.9 Tax Refunds (Optional):
Refunds for tax year [__]: [Split terms]
Tax liabilities: [Allocation]
Refunds for tax year [__]: [Split terms]
Tax liabilities: [Allocation]
4.1 Credit Cards:
4.2 Loans:
Auto loan: [__] → Paid by: [Spouse]
Student loan: [__] → Paid by: [Spouse]
Personal loan: [__] → Paid by: [Spouse]
Auto loan: [__] → Paid by: [Spouse]
Student loan: [__] → Paid by: [Spouse]
Personal loan: [__] → Paid by: [Spouse]
4.3 Other Debts: Taxes owed: [] | Medical bills: [] | Other: [List].
4.4 Each spouse will hold the other harmless from the debts assigned to them, to the extent permitted by law.
5.1 Each spouse will complete transfers (titles, account changes, property handoff) by: [Date].
5.2 Each spouse will cooperate in signing paperwork needed to implement this Agreement.
6.1 Except as required by law, each spouse waives further claims to the other’s property, income, and retirement benefits, consistent with this Agreement.
7.1 This Agreement is governed by the laws of [State/Country].
Spouse 1: [Full Name]
Date: [Date]
Signature: ___________________________
Spouse 2: [Full Name]
Date: [Date]
Signature: ___________________________
Witness Name: [Name]
Date: [Date]
Signature: ___________________________
State of [State]
County of [County]
On [Date], before me, [Notary Name], personally appeared [Spouse 1 Full Name] and [Spouse 2 Full Name], known to me (or satisfactorily proven) to be the persons whose names are subscribed to this Agreement, and acknowledged that they executed it for the purposes stated.
Notary Public Signature: _______________________
My Commission Expires: _______________________
Notary Seal (if applicable): ___________________
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Frequently asked
A Summary Dissolution Property Agreement is a written agreement between spouses that divides property and debts in a simplified (summary) divorce process, where permitted. It typically confirms that both spouses agree on who keeps what and that neither will make additional claims later (subject to local law).
It’s similar but often simpler and focused on property/debt division for a streamlined process. Some courts require a standard MSA format or specific local forms. This template can be adapted to match court requirements.
Include: a list of assets, a list of debts, who keeps/pays each item, deadlines for transfers, tax refund allocation, and mutual releases. This template also includes a disclosure statement and “each party keeps what’s in their possession” option.
Usually yes, especially in a court process. Hidden assets can cause problems later. This template includes a “full disclosure” statement and a place to attach schedules.
Some retirement accounts require special orders (like QDROs). If retirement is included, this agreement should state the intent and reference any required separate documents. This template includes a retirement section.
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