The Divorce Mediation Settlement Agreement is utilized when divorcing couples choose to resolve their separation through mediation rather than traditional litigation. This document represents the culmination of mediated negotiations and includes detailed provisions for asset division, financial responsibilities, and family arrangements. It must comply with relevant state and federal laws, including property division standards, support guidelines, and custody requirements where applicable. The agreement serves as the foundation for the court's final divorce decree and can help reduce both the emotional and financial costs associated with traditional divorce proceedings.
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1. Parties: Identification of the divorcing spouses and their legal representatives
2. Background: Marriage date, separation date, and reason for divorce
3. Definitions: Key terms used throughout the agreement
4. Property Division: Distribution of marital assets and debts
5. Financial Obligations: Spousal support/alimony arrangements
6. Execution: Signing requirements and effective date
1. Child Custody: Custody arrangements and parenting plan (if children involved)
2. Child Support: Financial support arrangements for children (if applicable)
3. Insurance Provisions: Health, life, and property insurance arrangements (if applicable)
4. Tax Provisions: Special tax arrangements or considerations (if needed)
5. Business Interests: Division of business assets (if applicable)
1. Schedule A - Asset List: Detailed inventory of marital assets and their agreed values
2. Schedule B - Debt List: Detailed inventory of marital debts and obligations
3. Schedule C - Parenting Plan: Detailed custody and visitation schedule (if children involved)
4. Schedule D - Property Appraisals: Professional valuations of significant assets
5. QDRO Forms: Forms for division of retirement accounts (if applicable)
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