The following form is a Property Settlement and Joint Custody Agreement.
Arkansas Annulment Property Settlement and Joint Custody Agreement
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How to fill out Annulment Property Settlement And Joint Custody Agreement?
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FAQ
The noncustodial parent or the parent that has a higher income in joint custody situations, makes regular child support payments to the custodial or other parent in order to meet that financial obligation.
Is joint custody favored in Arkansas? Joint custody is defined as the ?approximate and reasonable equal division of time with the child by both parents.?1 Joint custody is favored in Arkansas and there is a ?rebuttable presumption? that joint custody is in the best interest of the child.
What is Act 604? Act 604 ? also known as the new joint custody law ? was enacted in the State of Arkansas in July of 2021. Under the new law, joint custody is the default arrangement for all new child custody orders.
Arkansas Laws Regarding Property Division Arkansas is an equitable property division state. Generally, all property accrued during the marriage will be equally divided, including real estate, retirement accounts and other types of assets. However, the courts can divide the property unequally, if equity so dictates.
The standard suggested schedule commonly gives one parent visitation time every other weekend, with rotating holidays, with time in the summer and school breaks, and the other parent has the child the remainder of the time.
Among other things, Act 604 created a rebuttable presumption of joint custody in all child custody cases , making Arkansas the first state to require ?clear and convincing evidence? to deviate from that rebuttable presumption. (Kentucky passed a similar law in 2018, but with a lesser legal requirement to deviate.)
Arkansas is an ?equitable distribution? state when it comes to property division in the dissolution of a marriage. Parties to a divorce have the ability to personally divide their property by a signed settlement called a Marital Separation Agreement or a Property Settlement Agreement, which the judge must approve.
An annulment in Arkansas is a legal declaration that an individual's marriage is null and void. Before the Circuit Court can issue an annulment decree, an individual must meet specific legal requirements (grounds) detailed by Ark. Code § 9?12?201 and must be able to prove any ground that a petition is based on.