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Marital Settlement Agreement (Minor Children)
About this Form: This is a marital settlement agreement that may accompany the No-Fault Divorce form for use within the State of Texas. This agreement is intended to help the parties formalize an allocation of their property and finances and matters relating to child custody and visitation. Most courts will require a marital settlement agreement filed in conjunction with a ORIGINAL PETITION FOR DIVORCE within the State of Texas. MARITAL SETTLEMENT AGREEMENT
AGREEMENT made on this ____________ day of ___________________, 20_____, by and between _____________________________________ (hereinafter referred to as "Wife"), who resides at ______________________________________________________________ [insert full residential address of Wife] and _____________________________________ (hereinafter referred to as "Husband"), who resides at ______________________________________________________________ [insert full residential address of Husband].
WHEREAS, we were married on the ___________ day of _____________________, _______, in _________________________, State of _________________________, and we now mutually desire to dissolve our marriage and mutually agree to live permanently separate and apart from each other, as if we were single;
WHEREAS, we each have exercised good faith and have made fair, accurate, and complete disclosure to each other regarding all financial and property matters pertaining to this marital settlement agreement;
WHEREAS, we mutually desire to settle by agreement all matters regarding our marital affairs, child custody and visitation, personal and real property, and finances;
WHEREAS, we mutually intend this agreement to be a final disposition regarding the marital issues addressed herein and intend that this agreement be incorporated into any subsequent DECREE OF DIVORCE.
THEREFORE, in exchange for the mutual promises herein contained, we agree to live separately and to divide our property and finances according to the following mutually agreed upon terms and conditions:
1. CHILDREN Husband and Wife have the following child(ren) born or adopted into their
marriage: Name: ____________________________________ Date of Birth: __________________ A. CUSTODY To settle all issues in relation to custody in a manner consistent with the best interest of the child(ren), Husband and Wife agree as follows: Husband shall have sole custody of ______________________________________ ____________________________________________________________________.
Wife shall have sole custody of __________________________________________ ____________________________________________________________________.
Husband and Wife shall have joint custody of _______________________________ ____________________________________________________________________.
B. VISITATION
2) Wife shall have the following rights of visitation:
2. REAL ESTATE A. RESIDENCE
Husband shall reside at _________________________________________________ ____________________________________________________________________.
Wife shall reside at_____________________________________________________ ____________________________________________________________________.
B. HOMESTEAD
Husband and Wife own the following real property as their family residence, located at ____________________________________________________________________ ____________________________________________________________________.
Husband and Wife agree that ____________________________ shall continue to reside at the above mentioned family residence.
Rights, responsibilities and expenses regarding the above mentioned family residence shall be distributed as follows:
1) Title:
Husband shall have the
following rights of title and ownership in the family residence:
_____________________________________________________________________________ _____________________________________________________________________________
Wife shall have the following rights of title and ownership in the family residence:
_____________________________________________________________________________ _____________________________________________________________________________
2) Expenses, Mortgage and Maintenance: Husband shall be responsible for and pay the following expenses regarding the family residence:
_____________________________________________________________________________ _____________________________________________________________________________
Wife shall be responsible for and pay the following expenses regarding the family residence:
_____________________________________________________________________________ _____________________________________________________________________________
C. OTHER REAL ESTATE
Husband and Wife jointly own the following other real estate to be divided as follows:
1) To Husband:
_____________________________________________________________________________ _____________________________________________________________________________
2) To Wife:
_____________________________________________________________________________ _____________________________________________________________________________
3. PERSONAL PROPERTY A. HOUSEHOLD GOODS Husband and Wife jointly own the following household goods to be divided as follows:
1) To Husband:
_____________________________________________________________________________ _____________________________________________________________________________
2) To Wife:
_____________________________________________________________________________ _____________________________________________________________________________
B. AUTOMOBILES Husband and Wife jointly own the following automobiles to be divided as follows:
1) To Husband:
_____________________________________________________________________________ _____________________________________________________________________________
2) To Wife:
_____________________________________________________________________________ _____________________________________________________________________________
C. OTHER PERSONAL PROPERTY Husband and Wife own the following other personal property to be divided as follows:
1) To Husband:
_____________________________________________________________________________ _____________________________________________________________________________
2) To Wife:
_____________________________________________________________________________ _____________________________________________________________________________
4. BANK ACCOUNTS Husband and Wife jointly hold the following bank accounts: ________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
The above mentioned accounts shall be divided as follows:
1) To Husband:
_____________________________________________________________________________ _____________________________________________________________________________
2) To Wife:
_____________________________________________________________________________ _____________________________________________________________________________
5. DEBTS Husband and Wife jointly hold the following debts outstanding:
________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
________________________________________ (Account Number) ________________________________________ (Account Balance)
________________________________________ ________________________________________ ________________________________________ ________________________________________ (Name and Address of Institution)
The above mentioned debts shall be divided as follows:
1) Husband agrees to pay and
assume all responsibility for the following debts:
_____________________________________________________________________________ _____________________________________________________________________________
2) Wife agrees to pay and
assume all responsibility for the following debts:
_____________________________________________________________________________ _____________________________________________________________________________
Husband and Wife agree that from the date of this agreement, neither shall assume any joint debt or liability. Husband and Wife agree that each shall be individually responsible for all debts that he or she acquires subsequent to the date of this agreement.
6. TAX LIABILITY A. Husband and Wife agree that any joint tax liability shall be assumed as follows:
1) By Husband:
_____________________________________________________________________________ _____________________________________________________________________________
2) By Wife:
_____________________________________________________________________________ _____________________________________________________________________________
B. The custodial parent shall have the sole right to claim as a dependent for state and federal income tax purposes any child over which he or she has custody. In the event of joint custody, the Husband and Wife agree as follows with respect to who shall hold this right: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________.
7. LIFE INSURANCE
A. Husband owns the following life insurance policies naming Wife as beneficiary:
___________________________________ (Policy Number) ___________________________________ (Policy Amount)
___________________________________ ___________________________________ ___________________________________ ___________________________________ (Name and Address of Institution)
___________________________________ (Policy Number) ___________________________________ (Policy Amount)
___________________________________ ___________________________________ ___________________________________ ___________________________________ (Name and Address of Institution)
___________________________________ (Policy Number) ___________________________________ (Policy Amount)
___________________________________ ___________________________________ ___________________________________ ___________________________________ (Name and Address of Institution)
Husband agrees that Wife [check one:] _________shall, or _________shall not remain the beneficiary of the following life insurance policies:
_____________________________________________________________________________ _____________________________________________________________________________
B. Wife owns the following life insurance policies naming Husband as beneficiary:
___________________________________ (Policy Number) ___________________________________ (Policy Amount)
___________________________________ ___________________________________ ___________________________________ ___________________________________ (Name and Address of Institution)
___________________________________ (Policy Number) ___________________________________ (Policy Amount)
___________________________________ ___________________________________ ___________________________________ ___________________________________ (Name and Address of Institution)
___________________________________ (Policy Number) ___________________________________ (Policy Amount)
___________________________________ ___________________________________ ___________________________________ ___________________________________ (Name and Address of Institution)
Wife agrees that Husband [check one:] _________shall, or _________shall not remain the beneficiary of the following life insurance policies:
_____________________________________________________________________________ _____________________________________________________________________________
8. HEALTH INSURANCE Husband and Wife agree as follows in relation to their respective health care coverage:
_____________________________________________________________________________ _____________________________________________________________________________
9. SPOUSAL SUPPORT A. Husband shall pay to Wife spousal support in the sum of _____________________________ dollars ($______), _________________________ [specify "weekly" or "monthly"], beginning on the ____________ day of __________________, 20 ____. Husband shall continue to pay this sum for a period of ________________________, subject to the following mutually agreed upon conditions:
_____________________________________________________________________________ _____________________________________________________________________________.
B. Wife shall pay to Husband spousal support in the sum of _____________________________ dollars ($______), _________________________ [specify "weekly" or "monthly"], beginning on the ____________ day of __________________, 20 ____. Wife shall continue to pay this sum for a period of ________________________, subject to the following mutually agreed upon conditions:
_____________________________________________________________________________ _____________________________________________________________________________.
10. CHILD SUPPORT A. Husband shall pay to Wife child support in the sum of _____________________________ dollars ($______) per child, _________________________ [specify "weekly" or "monthly"], beginning on the ____________ day of __________________, 20 ____. Husband shall continue to pay this sum for a period of ________________________ or until the child reaches the age of majority, becomes self-supporting, marries, or dies, subject to the following mutually agreed upon conditions:
_____________________________________________________________________________ _____________________________________________________________________________.
B. Wife shall pay to Husband child support in the sum of _____________________________ dollars ($______) per child, _________________________ [specify "weekly" or "monthly"], beginning on the ____________ day of __________________, 20 ____. Wife shall continue to pay this sum for a period of ________________________ or until the child reaches the age of majority, becomes self-supporting, marries, or dies, subject to the following mutually agreed upon conditions:
_____________________________________________________________________________ _____________________________________________________________________________.
C. All payments of child support pursuant to this agreement shall be made and delivered in the following manner: [choose one:] _______ All payments of child support shall be paid directly through the appropriate state agency, official, or court designated by the laws of the State of Texas to receive and disburse such child support payments, or _______ All payments of child support shall be made directly to the parent to whom the child support payments are due; however, the parent to whom payments are due reserves the right to require, upon written notice to the paying parent, such child support payments to be paid directly to the appropriate state agency, official, or court designated by the laws of the State of Texas to receive and disburse such child support payments.
D. In the event the obligated parent's income increases, the amount of child support shall be increased proportionately, and such increase shall be computed effective the date of the increase.
E. As additional child support, the obligated parent shall maintain medical and dental insurance on behalf of each child and shall pay any medical expenses not covered by said insurance.
F. As additional child support, the obligated parent [choose one:] _______ shall or _______ shall not pay one-half of the amount needed for each child's college education.
11. LEGAL NAME Husband and Wife agree that upon the court's ordering a DECREE OF DIVORCE, Wife shall have the right to retain her married name or shall also have the right to return to her maiden or former name: _________________________________ [insert Wife's maiden name].
12. FINAL AGREEMENT This agreement sets forth the entire agreement and understanding between the Husband and Wife relating to the settlement of martial property and finances and supersedes all prior discussions between us. No modification of or amendment to this agreement, nor any waiver of any rights under this agreement, will be effective unless in writing signed by the party to be charged.
13. ACKNOWLEDGEMENT Husband and Wife acknowledge that each has entered into this agreement in good faith, without any duress or undue influence. Each understands his or her right to seek independent counsel regarding this agreement, and each has had the opportunity to seek independent counsel prior to signing this agreement.
14. CHOICE OF LAW Husband and Wife agree that this agreement shall be governed and construed in accordance with the laws of the State of Texas.
Signed and dated this __________ day of _______________________, 20_____.
________________________________ ________________________________ Wife Husband
________________________________ ________________________________ Witness #1 for Wife Witness #1 for Husband
________________________________ ________________________________ Witness #2 for Wife Witness #2 for Husband
Related Divorce Forms:
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