Michigan Marital Settlement Agreement Forms
Description
How to fill out Michigan Property Settlement Agreement - No Children?
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FAQ
If you and your spouse can't agree how to divide your property, the judge will decide. Michigan law requires judges to divide property fairly. Fair usually means that each person gets about half of everything. But in some cases, a judge could decide it is fair to divide marital property in a different way.
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.
The law still considers that account to be marital property. "Separate property" includes any asset obtained or earned before the marriage, or any property received through a gift or inheritance at any time.
The information on how to file the papers can be found by clicking here. There is a $259 filing fee to file these papers.
Separate bank accounts are marital property if they are considered to be commingled. This means that if you or your spouse have depositing money into or used the funds from the account, it is considered to be commingled and must be equally split in a divorce.
