The South Dakota Marital Separation Agreement is a legal document that outlines the terms and conditions agreed upon by spouses who wish to live apart while remaining legally married. This form addresses various aspects such as property division, debt responsibilities, and child custody arrangements. Understanding this agreement is essential for ensuring a smooth separation process.
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In South Dakota, couples considering a marital separation may find the Marital Separation Agreement form to be an essential tool in navigating their transition. This document serves as a formal outline of the terms agreed upon by both parties, covering crucial aspects such as the division of assets and debts, child custody arrangements, and spousal support obligations. By clearly defining these elements, the agreement aims to minimize conflict and provide a roadmap for both individuals during this challenging time. Additionally, the form may address issues related to health insurance and tax implications, ensuring that both parties are aware of their rights and responsibilities. Understanding the contents and implications of the Marital Separation Agreement can help couples make informed decisions as they move forward with their lives.
South Dakota Marital Separation Agreement
This Marital Separation Agreement (hereinafter referred to as the "Agreement") is made and entered into on this ______ day of _______________, 20____ (the "Effective Date"), by and between _______________________ (hereinafter referred to as "Spouse 1"), residing at ____________________________________, and _______________________ (hereinafter referred to as "Spouse 2"), residing at ____________________________________, both of whom agree to be bound by this Agreement.
WHEREAS, Spouse 1 and Spouse 2 were lawfully married on the ______ day of _______________, 20____, in the State of South Dakota; and
WHEREAS, Spouse 1 and Spouse 2 wish to live separate and apart from each other, albeit remaining legally married; and
WHEREAS, both parties desire to settle between themselves all matters regarding their marital rights, the division of property, child custody, visitation rights, child support, spousal support, and any other matters arising from their marital relationship.
NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Spouse 1 and Spouse 2, intending to be legally bound, hereby agree as follows:
1. Separation
Both Spouse 1 and Spouse 2 mutually agree to live separate and apart from each other, as if they were single, starting from the Effective Date of this Agreement. This decision is made in accordance with South Dakota Codified Laws, without interference or coercion from either party.
2. Distribution of Property
The parties agree to the division of property between them as follows:
3. Child Custody and Support
The parties do hereby agree on the following terms concerning the custody, visitation rights, and support of their child(ren):
4. Spousal Support
Spousal support has been agreed upon by the parties as follows: ________________________________________. Both parties acknowledge that they have entered into this agreement voluntarily, without any duress or undue influence, and that this agreement is fair and reasonable to both parties.
5. Entire Agreement
This Agreement contains the entire understanding between Spouse 1 and Spouse 2 regarding the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, between them. No amendment or modification of this agreement shall be valid unless in writing and signed by both parties.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of South Dakota, without regard to its conflict of laws principles.
IN WITNESS WHEREOF, the parties have executed this agreement as of the date first above written.
Spouse 1 Signature: _____________________________________ Date: _________
Spouse 2 Signature: _____________________________________ Date: _________
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