Fill and Sign the Indiana Marital Agreement Form

SEPARATION AND PROPERTY SETTLEMENT AGREEMENT This agreement is made between,       (the Wife), and       , (the Husband), to settle all financial matters by mutual agreement and having reached this agreement on this date, do execute this instrument as follows: 1. Waiver The parties do hereby waive a final hearing in any divorce action between the parties. 2. Children. No children were born to, or adopted by the marriage of the parties, OR all children of the marriage are over the age of twenty-one (21) and emancipated. Wife is not now pregnant. 1. Property. 2.1 The Marital Home. The parties jointly own real estate located at       ,       , IN       (the House). The Husband/Wife will convey to the Husband/Wife all of his right, title, and interest in the House by quitclaim deed. The Wife/Husband will have all rights to the escrow account. The Husband/Wife will be solely responsible for, and will pay, the mortgage debt on the House as it matures. The Husband/Wife will hold the Husband/Wife harmless from the mortgage debt on the House. The parties do not jointly own a marital home. 1.1. Automobiles. Each party will retain the vehicle or vehicles already owned or leased in his or her sole name and shall hold the other party harmless from any liability arising from indebtedness or lease obligations related to such vehicle(s). Husband shall entitled to the       automobile with VIN       and make all payments thereon and hold wife harmless for the payment of same. Wife shall convey all interest in said vehicle to Husband. Wife shall entitled to the       automobile with VIN       and make all payments thereon and hold Husband Initials: _______ Wife Initials: ______ - 1 - husband harmless for the payment of same. Wife shall convey all interest in said vehicle to Husband. 1.2. Bank Accounts. The joint bank account at       is hereby awarded to the Wife. The Wife will either close this account or have the Husband’s name removed from it. The joint bank account at       is hereby awarded to the Husband. The Husband will either close this account or have the Wife’s name removed from it. The parties have already agreed on a division of their remaining bank accounts. Each party will retain sole ownership in the accounts that bear his or her name. 1.3. Other Personal Property. The Husband and the Wife have agreed to an equitable division of their personal property. All other items of personal or real property currently in the Husband’s name or belonging solely to him (except as specifically described in this Agreement), including without limitation cash, bank accounts, clothing, clothing accessories, jewelry, securities, retirement plans, business interests, partnerships, insurance policies, and books, music, art, tools, equipment, and intellectual property, shall be his sole property, and the Wife hereby renounces any interest that she may have therein. All other items of personal or real property currently in the Wife’s name or belonging solely to her (except as specifically described in this Agreement), including without limitation cash, bank accounts, clothing, clothing accessories, jewelry, securities, retirement plans, business interests, partnerships, insurance policies, and books, music, art, tools, equipment, and intellectual property, shall be her sole property, and the Husband hereby renounces any interest that he may have therein. 2. Marital Obligations. Each party will be responsible for the debts incurred in that party’s sole name and will hold the other party harmless from any liability arising from said indebtedness. Husband shall be responsible for the following joint debts of the parties and hold wife harmless for the payment of same: Husband Initials: _______ Wife Initials: ______ - 2 - (a)       (b)       (c)       (d)       Wife shall be responsible for the following joint debts and hold the Husband harmless for the payment of same: (a)       (b)       (c)       (d)       Other:       3. Alimony. Both the Husband and the Wife waive any and all right to receive periodic alimony, past, present and future. 4. Miscellaneous. 4.1. Taxes. Each party will each prepare and file separate federal and state tax returns for year       , at each party’s sole expense. Each party will pay his or her own deficiency; if any, and each party will retain his or her own refund(s), if any. The parties agree that the Wife provided the funds to pay the property taxes and mortgage interest on the House during       and that she is entitled to deduct these expenses on her       income tax return. The parties agree that the Husband provided the funds to pay the property taxes and mortgage interest on the House during       and that he Husband Initials: _______ Wife Initials: ______ - 3 - is entitled to deduct these expenses on his       income tax return. Any tax refund which has not been received for the year       shall be the property of Husband, Wife, divided equally between Husband and wife. 4.2. Execution. Each party shall execute any and all documents necessary to effectuate the terms of this agreement including, but not limited to, deeds, bills of sale, certificates of title, tax forms, real estate contracts, and the like. If this Agreement requires the Husband or the Wife to accomplish an act but doesn’t state a time limit for completion, the act will be completed within 60 days after the divorce is effective. 4.3. Wife’s Name. The Wife’s maiden name,       , will be restored to her. No restoration of maiden name is sought. 4.4. Costs. Each party shall pay his or her respective attorney, if any.       shall pay court costs. 4.5. Law This agreement shall be controlled by the laws of the State of Indiana. THE PARTIES HAVE EXECUTED THIS AGREEMENT to be effective on the date the divorce is effective. __________________________________       Wife __________________________________       Husband Husband Initials: _______ Wife Initials: ______ - 4 - STATE OF INDIANA COUNTY OF       Before me, the undersigned, a Notary Public, in and for said County and State, this       day of       , 20       , personally appeared       , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. __________________________ Notary Public Printed Name:       My Commission Expires:       STATE OF INDIANA COUNTY OF       Before me, the undersigned, a Notary Public, in and for said County and State, this       day of       , 20       , personally appeared       , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. __________________________ Notary Public Printed Name:       My Commission Expires:       Husband Initials: _______ Wife Initials: ______ - 5 -