Settlement Agreement Assets

Note: This form deals with property matters only in the context of divorce proceedings in which the parties agree on the distribution of property. It does not deal with other problems that may arise during a divorce, such as. B the pension of a child or spouse, custody/access or division of property, for which property interests are controversial. It is always recommended that you consult a lawyer before signing an agreement on your property interests so that you have a full understanding of your rights, including any marital property rights you acquired during the marriage. A transaction agreement saves you time, stress, and money because you don`t have to engage in litigation in court. Some people wonder if they can save even more money by writing their own settlement agreement and not seeking help from a divorce lawyer at all. While there`s no legal obligation to let a lawyer design your settlement agreement, it`s certainly a good idea to do so. If you decide to draft a wealth transaction agreement with your spouse, it is essential to hire a lawyer to design and verify the agreement. As noted above, this is because, once signed, the agreement will become a legally binding document that can have serious consequences in the event of a violation. For example, a party may have fraudulently overstated or undervalued the estimated cost of a given asset. . . .

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