This form is a Separation and Property Settlement Agreement. The parties have agreed to a separation due to irreconcilable differences. The agreement also apportions certain property items between the parties. Each party agrees to release and quitclaim his/her right, title, and interest in each item that is apportioned to the other party.
District of Columbia Separation and Property Settlement Agreement
Category:
State:
Multi-State
Control #:
US-01714-2-AZ
Format:
Word;
Rich Text
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FAQ
A marital separation agreement, also known as a property settlement agreement, is a written contract dividing your property, spelling out your rights, and settling problems such as alimony and custody.
Since District of Columbia is an equitable distribution state, all marital property is divided equitably unless agreed to otherwise by the divorcing spouses. If the parties don't agree what is equitable, then a judge will determine what is equitable.
That is, assets and property acquired during the marriage will be equally distributed 50/50 among that parties. District of Columbia is not one of those jurisdictions. The DC legal paradigm is the ?equitable distribution of property?model.
Legal Separation is a court-decreed right to live apart, with the rights and obligations of divorced persons, but without divorce. The parties are still married and cannot remarry.
A Washington D.C. marital settlement agreement outlines the terms of a divorce, agreed upon by both parties through a process outlined below. The agreement is a written contract that divides property and determines alimony payments, as well as child support.
Since District of Columbia is an equitable distribution state, all marital property is divided equitably unless agreed to otherwise by the divorcing spouses. If the parties don't agree what is equitable, then a judge will determine what is equitable.
Because of their undivided one-half interest, when the marriage ends, the assets are typically split evenly between the two parties in a divorce. Washington, DC, is not a community property jurisdiction, but rather it is an equitable distribution state.
A: A gift or inheritance received during the marriage will remain your separate property. If, however, you mix your inheritance with marital property, known as ?commingling,? or your spouse does something to significantly increase its value during the marriage, it may be subject to division by the Court.