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New Jersey Marital Domestic Separation and Property Settlement...

Settlement Agreement With With A Partner

Category:

Family Law - Divorce - Separation - No Children

State:

New Jersey

Control #:

NJ-DO-1A

Format:

Instant download

Description

This Marital Domestic Separation and Property Settlement Agreement is a Separation and Property Settlement for persons with no children. The parties have no 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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Couples with more conflict should consider using an attorney as they can negotiate all or part of a Marital Settlement Agreement. Your divorce settlement agreement is one of the most important documents you'll create in your lifetime.It needs to be thorough, clear and legally sound. If you don't have any financial, property, or child-related issues then you probably don't need a written settlement agreement. Trying to draft property settlements yourself is a risky endeavor. Smith Strong can help: 804.325. While there is no legal requirement that you have a lawyer draft your settlement agreement, it is certainly a good idea to do so. A couple may privately enter into an oral or written agreement to live apart. I can then write up a marital settlement agreement which can be presented to you and your spouse for your review and signature. A written document that details how a couple has agreed to handle all of the issues that must be addressed when they get divorced.

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Marital Domestic Separation and Property Settlement Agreement for persons with no Children, no Joint Property, or Debts Effective Immediately

Note: This summary is not intended to be an all inclusive discussion of the law of separation agreements in New Jersey, but does include basic and other provisions.

General Summary:

In New Jersey, the courts have a well established authority to modify property distribution, alimony, and support orders issued in divorce cases. This authority also extends to the review of property settlement agreements.

Where a separation agreement is executed prior to the filing of an action for divorce it will be a bar to equitable relief or modification only if, and to the extent that, it can qualify as a property settlement, and can likewise be shown to have been fair and equitable. Only then can it be said to be the substantial equivalent of an equitable distribution of marital assets, sufficient to justify denial of such relief.

Statutes:

New Jersey Statutes

TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

Alimony, maintenance:

Pending any matrimonial action brought in this State or elsewhere, or after judgment of divorce or maintenance, whether obtained in this State or elsewhere, the court may make such order as to the alimony or maintenance of the parties, and also as to the care, custody, education and maintenance of the children, or any of them, as the circumstances of the parties and the nature of the case shall render fit, reasonable and just, and require reasonable security for the due observance of such orders, including, but not limited to, the creation of trusts or other security devices, to assure payment of reasonably foreseeable medical and educational expenses....Orders so made may be revised and altered by the court from time to time as circumstances may require.

In all actions where a judgment of divorce or divorce from bed and board is entered the court may make such award or awards to the parties, in addition to alimony and maintenance, to effectuate an equitable distribution of the property, both real and personal, which was legally and beneficially acquired by them or either of them during the marriage. However, all such property, real, personal or otherwise, legally or beneficially acquired during the marriage by either party by way of gift, devise, or intestate succession shall not be subject to equitable distribution, except that interspousal gifts shall be subject to equitable distribution. Section 2A:34-23.

Case Law:

In New Jersey, the equitable authority of courts to modify property distribution, alimony, and support orders issued in divorce cases is well established. Marital property is treated as distinctive, Carr v. Carr, 120 N.J. 336, 346-49, 576 A.2d 872 (1990), and it is held that "property settlement agreements" entered into in anticipation of divorce reflect the unique nature of the marital enterprise. Rothman v. Rothman, 65 N.J. 219, 229, 320 A.2d 496 (1974). Marital property settlement agreements "involve far more than economic factors" and must serve the strong public and statutory purpose of ensuring fairness and equity in the dissolution of marriages. Rothman, supra, 65 N.J. at 229, 320 A.2d 496; see Peterson v. Peterson, 85 N.J. 638, 644, 428 A.2d 1301 (1981). Even when a divorce order incorporates agreements reached privately between the parties, such orders can be modified "in light of all the facts" bearing on what is "equitable and fair." Smith v. Smith, 72 N.J. 350, 360, 371 A.2d 1 (1977). In New Jersey, "contract principles have little place in the law of domestic relations." Lepis v. Lepis, 83 N.J. 139, 148, 416 A.2d 45 (1980).

The adoption of a property settlement into a divorce decree does not render it immutable. Courts have continuing power to oversee divorce agreements, Corbin v. Mathews, 129 N.J. Eq. 549, 552 19 A.2d 633 (E. & A. 1941), and the discretion to modify them on a showing of "changed circumstances," Berkowitz v. Berkowitz, 55 N.J. 564, 569 264 A.2d 49 (1970), that render their continued enforcement unfair, unjust, and inequitable. Lepis, supra, 83 N.J. at 154-55, 416 A.2d 45.

Where equitable distribution is sought pursuant to N.J.S.A. 2A:34-23, an earlier separation agreement will be a bar to such relief only if, and to the extent that, it can qualify as a property settlement, and can likewise be shown to have been fair and equitable. Only then can it be said to be the substantial equivalent of an equitable distribution of marital assets, sufficient to justify denial of such relief. Smith v. Smith, 72 N.J. 350 (1977)371 A.2d 1.

Marital Domestic Separation and Property Settlement Agreement for persons with no Children, no Joint Property, or Debts Effective Immediately

Note: This summary is not intended to be an all inclusive discussion of the law of separation agreements in New Jersey, but does include basic and other provisions.

General Summary:

Statutes:

New Jersey Statutes

TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

Alimony, maintenance:

Case Law:

Settlement Agreement With With A Partner

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