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MARITAL SETTLEMENT AGREEMENT
STATE OF MARYLAND
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This MARITAL SETTLEMENT AGREEMENT ("Agreement") is made and entered into on
this ___ day of _____________, by and between:
PETITIONER: [FULL LEGAL NAME]
Address: [STREET ADDRESS]
[CITY, STATE ZIP]
("Petitioner")
and
RESPONDENT: [FULL LEGAL NAME]
Address: [STREET ADDRESS]
[CITY, STATE ZIP]
("Respondent")
The Petitioner and Respondent are collectively referred to as "the Parties."
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RECITALS
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A. The Parties were lawfully married on [DATE OF MARRIAGE] at [CITY], [STATE].
B. The Parties are residents of the State of Maryland.
C. The Parties have agreed to amicably resolve all issues arising from
the dissolution of their marriage.
D. The Parties desire to settle by agreement all matters relating to
property division, spousal support, and custody and support of any minor children.
NOW, THEREFORE, in consideration of the mutual promises and agreements
contained herein, the Parties agree as follows:
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ARTICLE I — SEPARATION
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1.1 Date of Separation. The Parties have lived separate and apart since
[DATE] and have not resided under the same roof since that date.
1.2 Intent to Divorce. Both Parties desire to dissolve their marriage and
have agreed to an uncontested divorce on the ground of mutual consent.
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ARTICLE II — PROPERTY DIVISION
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2.1 Petitioner's Separate Property. The following property is confirmed as
Petitioner's separate property, free from any claim by Respondent:
[ ] Real property located at: [ADDRESS]
Legal description: [DESCRIPTION]
[ ] Vehicle: [YEAR/MAKE/MODEL/VIN]
[ ] Bank accounts: [BANK NAME, ACCOUNT TYPE, BALANCE]
[ ] Retirement accounts: [PLAN NAME, VALUE]
[ ] Personal property: [DESCRIBE ITEMS]
[ ] Other: [DESCRIBE]
2.2 Respondent's Separate Property. The following property is confirmed as
Respondent's separate property, free from any claim by Petitioner:
[ ] Real property located at: [ADDRESS]
[ ] Vehicle: [YEAR/MAKE/MODEL/VIN]
[ ] Bank accounts: [BANK NAME, ACCOUNT TYPE, BALANCE]
[ ] Retirement accounts: [PLAN NAME, VALUE]
[ ] Personal property: [DESCRIBE ITEMS]
[ ] Other: [DESCRIBE]
2.3 Division of Marital Property. The Parties agree to divide their
marital property as follows:
Real Property:
| Property | Address | Awarded To | Buyout |
|---|---|---|---|
| [DESCRIPTION] | [ADDRESS] | [PARTY] | $______ |
Vehicles:
| Vehicle | Year/Make/Model | Awarded To | Buyout |
|---|---|---|---|
| [VEHICLE] | [INFO] | [PARTY] | $______ |
Bank and Investment Accounts:
| Institution | Account Type | Balance | Awarded To |
|---|---|---|---|
| [BANK] | [TYPE] | $______ | [PARTY] |
Retirement Accounts:
| Owner | Plan Name | Value | Awarded To |
|---|---|---|---|
| [PARTY] | [PLAN] | $______ | [PARTY] |
2.4 Equalization Payment. To equalize the division:
[ ] No equalization payment required.
[ ] [PARTY] shall pay $______ to [PARTY] within _______ days.
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ARTICLE III — MARITAL DEBTS
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3.1 Division of Marital Debts. The Parties agree to allocate responsibility
for marital debts as follows:
| Creditor | Purpose | Balance | Responsible Party |
|---|---|---|---|
| [CREDITOR] | [PURPOSE] | $______ | [PARTY] |
| [CREDITOR] | [PURPOSE] | $______ | [PARTY] |
3.2 Indemnification. Each Party agrees to indemnify and hold harmless the
other Party from any liability for debts assigned to them.
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ARTICLE IV — SPOUSAL SUPPORT (ALIMONY)
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4.1 Spousal Support. The Parties agree as follows:
[ ] No Spousal Support. Neither Party shall pay spousal support to
the other. Both Parties waive any claim for alimony.
[ ] Spousal Support Payable. [PAYING PARTY] shall pay to
[RECEIVING PARTY] the amount of $______ per month for _______ months.
Payment due date: The ___ day of each month.
Payment method: [ ] Direct payment [ ] Through the Court
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ARTICLE V — CHILDREN [IF APPLICABLE]
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5.1 Minor Children. [ ] There are no minor children of this marriage.
[ ] The following minor children were born of this marriage:
| Name | Date of Birth | Age |
|---|---|---|
| [NAME] | [MM/DD/YYYY] | [AGE] |
5.2 Custody and Visitation. The Parties agree to the following custody
and visitation schedule:
Physical Custody: [ ] Sole to [PARTY] [ ] Joint
Primary Residence: [PARTY]
Visitation Schedule: [DESCRIBE VISITATION ARRANGEMENTS]
5.3 Child Support. The Parties agree to the following child support
arrangement:
[ ] No child support required.
[ ] [PAYING PARTY] shall pay child support of $______ per month.
5.4 Health Insurance. [PARTY] shall maintain health insurance for the
minor children.
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ARTICLE VI — NAME CHANGE
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6.1 Restoration of Former Name.
[ ] Petitioner requests restoration of former name to: [FORMER NAME]
[ ] Respondent requests restoration of former name to: [FORMER NAME]
[ ] Neither Party requests a name change.
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ARTICLE VII — MUTUAL WAIVER AND RELEASE
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7.1 Mutual Release. Except as otherwise provided herein, each Party
releases and forever discharges the other from all claims arising from the
marriage.
7.2 Estate Waiver. Each Party waives any claim to the other's estate.
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ARTICLE VIII — GENERAL PROVISIONS
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8.1 Full Disclosure. Each Party represents full disclosure of all assets and
liabilities.
8.2 Voluntary Execution. Each Party acknowledges entering this Agreement
voluntarily without duress.
8.3 Independent Legal Advice. Each Party has had the opportunity to consult
independent legal counsel.
8.4 Integration. This Agreement contains the entire understanding of the
Parties.
8.5 Governing Law. This Agreement shall be governed by Maryland law.
8.6 Court Incorporation. This Agreement shall be incorporated into the
Final Decree of Absolute Divorce.
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SIGNATURES
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_________________________________ _________________________
[PETITIONER SIGNATURE] Date
[PETITIONER FULL NAME, printed]
Address: [ADDRESS]
[CITY, STATE ZIP]
Phone: [PHONE]
Email: [EMAIL]
_________________________________ _________________________
[RESPONDENT SIGNATURE] Date
[RESPONDENT FULL NAME, printed]
Address: [ADDRESS]
[CITY, STATE ZIP]
Phone: [PHONE]
Email: [EMAIL]
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NOTARY ACKNOWLEDGMENT — PETITIONER
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STATE OF MARYLAND
) ss.
COUNTY OF ______________
Before me, the undersigned Notary Public, personally appeared [PETITIONER NAME],
known to me (or proved on the basis of satisfactory evidence) to be the person whose name is
subscribed to this instrument, and acknowledged that they executed the same for the
purposes therein stated.
WITNESS my hand and official seal this ___ day of _____________, 20___.
_________________________________
Notary Public
My Commission Expires: _______________
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NOTARY ACKNOWLEDGMENT — RESPONDENT
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STATE OF MARYLAND
) ss.
COUNTY OF ______________
Before me, the undersigned Notary Public, personally appeared [RESPONDENT NAME],
known to me (or proved on the basis of satisfactory evidence) to be the person whose name is
subscribed to this instrument, and acknowledged that they executed the same for the
purposes therein stated.
WITNESS my hand and official seal this ___ day of _____________, 20___.
_________________________________
Notary Public
My Commission Expires: _______________
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COURT APPROVAL
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This Marital Settlement Agreement is hereby approved and incorporated
into the Final Decree of Absolute Divorce.
______________________________ _________________________
Judge Date
CIRCUIT COURT FOR [COUNTY] COUNTY
Case No.: _______________
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