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Preview - Illinois Divorce Settlement Agreement Form
Illinois Divorce Settlement Agreement Template
This Divorce Settlement Agreement (“Agreement”) is made and entered into on this ____ day of __________, 20___, by and between:
Party A: ______________________________________
Address: ______________________________________
Phone Number: ______________________________________
Party B: ______________________________________
Address: ______________________________________
Phone Number: ______________________________________
This Agreement is executed pursuant to the laws of the State of Illinois and is intended to resolve all issues related to the dissolution of marriage between the parties.
1. Marital Property
The parties wish to settle their property rights, and thus, they agree as follows:
- The following property is classified as marital property:
- Real estate located at ______________________________________.
- Bank accounts:
- Account 1: ______________________________________.
- Account 2: ______________________________________.
- Vehicles:
- Vehicle 1: ______________________________________.
- Vehicle 2: ______________________________________.
- The following property is classified as non-marital property:
- ______________________________________.
2. Division of Property
The parties agree to divide their assets as follows:
- Party A shall receive the following:
- ______________________________________.
- Party B shall receive the following:
- ______________________________________.
3. Spousal Support
Each party acknowledges the following regarding spousal support:
- No spousal support shall be paid by either party, or
- Party A agrees to pay Party B spousal support in the amount of $_________ per month for a duration of ______ months.
4. Child Custody and Support
If applicable, the parties agree to the following regarding children:
- Children's Names: ______________________________________.
- Custody arrangements:
- Primary custody to: ______________________________________.
- Visitation schedule: ______________________________________.
- Child support payment by Party A/B in the amount of $_________ per month.
5. Miscellaneous Provisions
The following additional agreements have been established:
- Both parties will execute any necessary documents to fulfill this Agreement.
- This Agreement shall be binding upon the parties and their respective heirs, executors, and administrators.
- This Agreement may only be amended in writing, signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Party A Signature: ___________________________ Date: ___________
Party B Signature: ___________________________ Date: ___________
Witness Signature: ___________________________ Date: ___________
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Similar forms
- Separation Agreement: This document outlines the terms agreed upon by spouses who choose to live apart. Like a Divorce Settlement Agreement, it addresses issues such as property division, child custody, and support, but it may not finalize the divorce itself.
- Child Custody Agreement: This specific document focuses solely on the arrangements for the care and custody of children. Similar to a Divorce Settlement Agreement, it ensures that both parents understand their rights and responsibilities regarding their children.
- Property Settlement Agreement: This agreement details how marital property will be divided. Like the Divorce Settlement Agreement, it aims to resolve disputes over assets and debts, ensuring a fair distribution.
- Trailer Bill of Sale: Similar to property agreements in divorce, a Motor Vehicle Bill of Sale serves as an essential document to ensure the legal transfer of ownership in the sale of a trailer, thus protecting both buyer and seller rights.
- Marital Settlement Agreement: Often used interchangeably with the Divorce Settlement Agreement, this document outlines the terms of the divorce itself, including support and custody arrangements, providing clarity and closure for both parties.
- Spousal Support Agreement: This document specifically addresses financial support one spouse will provide to the other after separation or divorce. It is similar in purpose to the Divorce Settlement Agreement, as it aims to ensure financial stability for both parties.
- Child Support Agreement: This focuses on the financial obligations of a non-custodial parent towards their children. Like the Divorce Settlement Agreement, it ensures that children's needs are prioritized and met after the divorce.
- Postnuptial Agreement: This document is created during a marriage to outline how assets will be handled in the event of a divorce. It shares similarities with the Divorce Settlement Agreement by addressing financial matters and expectations.
- Legal Separation Agreement: This agreement allows couples to live separately while remaining legally married. Similar to a Divorce Settlement Agreement, it covers issues like custody, support, and property division, but it does not dissolve the marriage.