Pennsylvania Separation and Property Settlement Agreement

State:
Multi-State
Control #:
US-01714-2-AZ
Format:
Word; 
Rich Text
Instant download

Description

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.
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FAQ

Requirements for Legal Separation in PA A legal separation agreement in Pennsylvania will only work if both spouses are in agreement and both sign the contract. It would not be legally binding if a spouse was coerced into signing. Additionally, both spouses must adhere to all terms and conditions.

A settlement agreement is not a mandatory document in all divorce cases; however, if the parties are divorcing by mutual consent (i.e., an uncontested, no-fault divorce), a marital settlement agreement is required in most Pennsylvania counties.

In Pennsylvania, separate property is property that is owned by one spouse only. This is property that was acquired or purchased before the marriage, or after the marriage if acquired by gift, bequest, or devise. Also, property that was purchased with money earned before the marriage is separate property.

C.S. § 3103 defines ?separate and apart? as ?[c]essation of cohabitation, whether living in the same residence or not.? This means that you can be legally separated, but still live in the same house.

Pennsylvania operates as an equitable distribution state, which means that marital property is divided fairly between spouses. This does not mean that assets will be split evenly among the couple. Instead, the PA Divorce Code utilizes a number of factors to determine fairness in the property division process.

Settlement agreements are common in divorce and marital disputes, property disputes, personal injury cases, and employment disputes. These agreements not only keep disputes out of court, but they also save parties from having to pay expensive legal fees for continued litigation and trial.

In Pennsylvania, there is no legal ?separation?. In other words, there is no formal process or court order required to be considered ?separated? in Pennsylvania.

A Marital Settlement Agreement is a contract between spouses that divides the marital assets and debts and resolves other issues relating to the divorce including child support, spousal support, alimony, counsel fees and costs, and child custody.

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Pennsylvania Separation and Property Settlement Agreement