Mississippi Property Settlement Agreement Form
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FAQ
A property settlement is an agreement between spouses that provides for the division of their assets between them in the event of a relationship breakdown.
So, what exactly is a Property Settlement Note? It is a deferred payment in property settlement used to equalize property. It is important to realize that a Property Settlement Note: Used to equalize property. Not taxable to recipient.
A Settlement Agreement is a post-matrimonial agreement through which the couple mutually decides to separate their way without the help of any judicial intervention. Therefore, without any divorce petition or decree for judicial separation, the couple part their ways.
2d 921 (Miss. 1994). Thus, when it comes to property division, Mississippi is not a community-property state whereby all of the divorcing spouses' assets, regardless of whether they were acquired during the marriage or not, are divided equally (50/50) upon divorce.
Even if your spouse does not respond or even show up in court, you can still obtain a divorce as long as you go to court and bring a witness who will corroborate what you have to say.
