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The following is a list of things to consider
and/or include when preparing a marital settlement agreement
or attempting to reach a comprehensive agreement. This is
only a list of potential issues to address.
I. Facts to include
1. Identity of the parties and minor children.
2. Statistical facts of the marriage.
3. Dissolution proceeding filed.
4. Each parties employment, or background,skills,
etc.
5. Each party's current earnings.
6. Each party's age.
7. Health of each party.
8. Finality of agreement, or remaining issues
to be resolved.
II. General provisions
1. Effect of reconciliation.
2. Judicial action: "approval" vs. "merger".
3. Effect of invalidity.
4. Applicable law.
5. Mutual release.
6. Entry of final judgment.
7. Modification, revocation or termination of
agreement.
8. Costs of enforcement or waiver.
9. Execution of instruments.
10. Execution of formalities such as recording,
use of a notary, etc.
11. Effective date of the agreement.
12. Independent legal counsel, or acknowledgement
of voluntary and knowing refusal to obtain independent legal
advice.
13. Persons bound.
14. Identity of the parties.
15. Counsel.
III. Property
1. Identity, value and disposition of community
and quasi- community property.
2. Identity, value and disposition of non-community
property joint tenancy and tenancy in common interests.
3. Confirmation of each spouse's separate property
interests.
4. Declarations of disclosure including current
income and expense declarations (Family Code Section 2100
et seq.).
5. REA waivers (waiver of survivorship benefit
rights in other spouse's ERISA pension).
6. Waiver of rights in deceased spouse's estate.
7. Sale of property and deferred sales (family
home award).
8. Warranty: disclosure of property.
9. Warranty: value of property.
10. After discovered property.
11. Disposition of furnishings and personal
effects.
12. Allocation of debt responsibility and "hold
harmless clauses".
IV. Reimbursements
1. Contributions to education and training.
2. Separate property contributions to the acquisition
of community property.
3. Payment on debts.
4. Property improvement payments.
V. Custody and visitation
1. Sole custody (legal and/or physical).
2. Joint custody (legal and/or physical).
3. Other custody arrangement: shared custody,
split custody.
4. Reasonable visitation; or defined visitation.
5. Removal of child from jurisdiction.
6. Child's surname.
VI. Child support
1. State guideline requirements for child support.
2. Spouses' recognition of statewide guideline
limitations where agreement is for less than the guideline
amount.
3. Deferred sale of home award as a component
of child support.
4. Payment schedules: weekly, monthly, or other
times, and when payments shall commence.
5. Duration of child support payments and time
of adulthood.
6. Agreements to support adult children.
7. Special support considerations including
healthcare insurance, medical and dental payments, special
educations needs, etc.
8. Any rights to claim dependency exemption
and waivers of exemption by custodial parent.
VII. Spousal support
1. Amount of support.
2. Payment schedules: weekly, monthly, or other
times, and when payments shall commence.
3. Combined spousal and child support option
known as Family Support.
4. Payment of debts as payment of support.
5. Exclusive use of the family home as alternative
to payment of support.
6. Satisfaction of state and federal tax requirements
for deductibility to payor.
7. Modifiability of spousal support.
8. Duration of support and reservation of jurisdiction.
9. Waiver of spousal support.
10. Pendente late support.
VIII. Fees and costs
1. Attorney fees and costs of litigation for
each party.
2. Experts' fees.
IX. Tax provisions
1. Tax returns: separate or joint returns during
the separation period.
2. Tax refunds and dependencies, and indemnification
provisions.
3. Allocation of dependency exemption.
4. Designation of spousal support as non-includible,
nondeductible for federal tax purpose.
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