Marital Property Agreement Without Divorce

State:
Michigan
Control #:
MI-DO-2A
Format:
Word; 
Rich Text
Instant download

Description

This Marital Domestic Separation and Property Settlement Agreement is a Separation and Property Settlement for persons with no minor children. The parties do have joint property or debts. It is for use after separation. It contains detailed provisions for the division of assets and the payment of liabilities.
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  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately
  • Preview Marital Domestic Separation and Property Settlement Agreement no Children parties may have Joint Property or Debts Effective Immediately

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FAQ

Is my spouse entitled to half my savings? As stated, all savings must be disclosed and considered when reaching a financial settlement with your former spouse or civil partner as they are regarded as a matrimonial asset.

The agreement is not legally binding and has no power to determine any issues that may be in dispute, but courts will take it into strong consideration when making a ruling. A separation agreement can be used as proof of the exact date on which you split from your partner.

Jointly owned assets will usually be split between you 50/50 or in accordance with any agreement you have made. Money or property in your partner's sole name will be presumed to belong to them alone, unless you can prove otherwise.

This means that either owner would be allowed to empty the account at any time, regardless of which person deposited the funds. During a divorce, any assets or funds contained in a joint account are considered marital property.

A Separation Agreement can protect your assets before you and your ex divorce because even though it's not legally binding it will act as a contract between you and your ex. And so if one of you breaks the agreement, the other could take the matter to Court.

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Marital Property Agreement Without Divorce