Marital Separation Agreement
This Marital Separation Agreement is made between [Full Name of Spouse 1], hereinafter referred to as "Spouse 1," and [Full Name of Spouse 2], hereinafter referred to as "Spouse 2," on this [Date]. This Agreement is governed by the laws of the state of [State].
1. Purpose
The purpose of this Agreement is to outline the terms and conditions of the marital separation between Spouse 1 and Spouse 2.
2. Separation Date
The parties hereby agree that they have separated as of [Date of Separation].
3. Separation Conditions
- Both parties agree to live separately and apart.
- Both parties shall retain their individual property and assets acquired before the separation.
- Spouses agree to equitably divide shared assets as follows:
- Property: [Description of property]
- Vehicles: [Description of vehicles]
- Bank Accounts: [Description of accounts]
4. Child Custody and Support
If applicable, the parties agree to the following terms regarding custody and support for their children:
- Custody Arrangement: [Details regarding custody]
- Child Support Amount: [Amount]
- Payment Frequency: [Monthly/Quarterly/etc.]
5. Spousal Support
Should spousal support be necessary, the parties agree:
- Support Amount: [Support Amount]
- Payment Schedule: [Schedule]
6. Legal Effect
This Agreement represents the complete understanding between both parties regarding their separation and supersedes all prior agreements. It will be legally binding upon further execution by both parties.
7. Signatures
By signing below, both parties agree to the terms of this Marital Separation Agreement.
__________________________
[Signature of Spouse 1]
Date: ________________
__________________________
[Signature of Spouse 2]
Date: ________________