Common Contracts
1 similar Divorce Settlement Agreement contracts
Divorce settlement agreement template njDivorce Settlement Agreement • July 26th, 2022
Updated July 04, 2022A New Jersey marital settlement agreement is a legal arrangement that has been executed by a married couple with the purpose of laying out their rights and obligations after the dissolution of their marriage. A settlement agreement can be established before or during the divorce process in court. While it’s not required, it is recommended that the spouses obtain legal counsel to ensure a fair and mutually beneficial agreement. This marital settlement agreement will cover topics such as alimony, child support and custody, insurance, division of property and other assets, liabilities and debts, and future rights and responsibilities. Divorce Laws Statutes – § 2A:34 Alimony (§ 2A:34-23) – Alimony is awarded by the court to either party in the form of open durational alimony, rehabilitative alimony, limited duration alimony, or reimbursement alimony. The following factors are considered by the court while making their decision: Actual need and ability to pay Duration o
