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.
Oregon Separation and Property Settlement Agreement
Category:
State:
Multi-State
Control #:
US-01714-2-AZ
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Separation And Property Settlement Agreement?
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FAQ
Separate /Premarital Property: Though usually something owned before marriage, this category also includes gifts or inheritance. The court can include separate property when dividing assets if fairness dictates, but in general, it remains with the owner.
In most cases of divorce in Oregon, the court will divide your total property evenly between you and your spouse. However, if one spouse can show that he/she contributed more to the acquisition of some of the marital property, then the court will divide your property in whatever way is found to be most just and proper.
You Can't Remarry if You Are Legally Separated Another disadvantage of a legal separation is that it doesn't end your marriage. You can't remarry if you are legally separated. Therefore, you and your spouse must remain married on paper, even if you live apart and consider yourselves divorced.
Generally, marital property is all property acquired or earned during the marriage. Separate property is property you owned before marriage. It could also include property that you received during marriage like a gift or an inheritance, among other things. All of the marital property must be divided.
Property and debts can be distributed in a divorce or legal separation. Oregon is an equitable distribution state.
Short- or long-term spousal support, also called separation maintenance (or alimony in a divorce) may be required if one partner is financially reliant on the other. You may also be entitled to spousal support if your marriage lasted a certain period of time, or because of a variety of other factors.
As mentioned earlier, in trial separations, debts are still legally considered the responsibility of both parties. In permanent separation, some states consider any post-separation income or debts to belong separately to that individual.
The main difference between a legal separation and a divorce is that spouses are still married after a legal sparation. Like a divorce, a legal separation judgment can establish custody, parenting time, and child support. The judgment can also divide property and debts and establish spousal or partner support.