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.
Wyoming Separation and Property Settlement Agreement
Category:
State:
Multi-State
Control #:
US-01714-2-AZ
Format:
Word;
Rich Text
Instant download
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How to fill out Separation And Property Settlement Agreement?
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FAQ
Equitable Division In Wyoming, an equal division of assets -? with 50 percent to one party and 50 percent to the other ?- is not the goal. This is not a community property state. Instead, an equitable division will be sought. Generally speaking, this just means that the judge has to decide that the division is fair.
Gifts and inheritances are generally separate property, although gifts for the benefit of the marriage, such as a dishwasher, may be considered marital property. "During the marriage" generally means from the time of marriage until the time of separation.
Wyoming recognizes judicial separation, sometimes called legal separation: a process in which a judge deems a couple legally separated, approves the agreement, and can use the court's powers to enforce the terms.
The Basic Divorce Laws in Wyoming Assets are divided ing to the concept of equitable distribution. This means that marital assets are divided fairly and equitably, but not always on a 50/50 basis. The court must consider several factors before approving how assets are divided.
If one party was forced or coerced into signing the agreement, or if they were misled about what it said, then it can be overturned in court. Additionally, if the agreement doesn't address all aspects of the separation, then it may not be legally binding.
As someone who feels wronged after their spouse cheated, you may have a desire for justice. However, the Wyoming family courts won't necessarily be the place for you to seek retribution against an adulterous spouse. For the most part, adultery will have little impact on your divorce proceedings.
Most states, like Wyoming, have no community property laws on the books, which allows for more flexibility and more uncertainty in property division when a couple gets a divorce.