Structure
The Wisconsin Divorce Settlement Agreement form serves as a crucial document in the divorce process, facilitating the resolution of various important issues between spouses. This form addresses key aspects such as the division of property, allocation of debts, and arrangements for child custody and support. It outlines how marital assets will be distributed, ensuring that both parties have a clear understanding of their rights and responsibilities. Additionally, the agreement includes provisions for spousal support, if applicable, and may also detail the process for resolving future disputes. By providing a comprehensive framework for these critical matters, the Wisconsin Divorce Settlement Agreement helps to promote a smoother transition for families navigating the challenges of divorce. Both parties are encouraged to review the form carefully, as it reflects their mutual agreements and can significantly impact their financial and emotional well-being moving forward.
Form Example
Wisconsin Divorce Settlement Agreement
This Divorce Settlement Agreement ("Agreement") is entered into on this ______ day of ____________________, 20____, by and between ______________________________________ (hereinafter "Party A"), and ______________________________________ (hereinafter "Party B").
WHEREAS, Party A and Party B were lawfully married on ______________________, 20____, in the State of Wisconsin; and
WHEREAS, the Parties seek to resolve all financial, property, and other personal matters related to the dissolution of their marriage pursuant to the laws of the State of Wisconsin, including but not limited to those found in Wisconsin Statutes Chapter 767.
NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the Parties agree as follows:
- Division of Marital Property: The Parties agree to the division of marital property as follows:
- Division of Debts: The Parties agree that marital debts shall be divided as follows:
- SPOUSAL SUPPORT: [ ] Party A [ ] Party B shall pay spousal support to the other in the amount of $_________________ per [ ] month [ ] year, beginning on _________________, 20___ and ending on _________________, 20___ or until further order of the court.
- Child Custody and Support: The Parties [ ] have [ ] do not have minor children. If the Parties have minor children, they agree to the following terms regarding the children's custody, placement, and support in compliance with Wisconsin Statutes Sections 767.41 and 767.511:
- Health and Insurance: The Parties agree to maintain or provide health insurance for the benefit of [ ] Party A [ ] Party B [ ] the minor children as follows:
- Tax Consequences: The Parties acknowledge the tax consequences of this Agreement and agree that each Party will bear their own tax liabilities.
- Further Assurances: The Parties agree to execute and deliver any additional documents necessary to effectuate the terms of this Agreement.
- Entire Agreement: This Agreement constitutes the entire agreement between the Parties relating to the subject matter hereof and supersedes all prior or contemporaneous agreements, understandings, representations, or communications, both written and oral.
- Modification: This Agreement may only be amended or modified by a written document executed by both Parties.
- Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Wisconsin, without regard to its conflict of laws principles.
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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.
Party A Signature: ___________________________________________ Date: ___________________________
Party B Signature: ___________________________________________ Date: ___________________________
File Specifications
| Fact Name | Description |
|---|---|
| Purpose | The Wisconsin Divorce Settlement Agreement form outlines the terms agreed upon by both parties regarding the division of assets, debts, and child custody arrangements. |
| Governing Law | This form is governed by the Wisconsin Statutes, specifically Chapter 767, which addresses divorce and legal separation. |
| Mutual Agreement | Both spouses must voluntarily agree to the terms in the settlement agreement for it to be valid. |
| Filing Requirement | The completed form must be filed with the court as part of the divorce proceedings to finalize the settlement. |
| Child Support | If children are involved, the agreement must include provisions for child support, which will be reviewed by the court. |
| Asset Division | The form allows for the equitable division of marital property, ensuring both parties receive a fair share. |
| Legal Representation | While not required, it is advisable for both parties to seek legal advice before signing the agreement to understand their rights. |
| Modification | Once finalized, the agreement can only be modified by mutual consent or under specific circumstances approved by the court. |
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