Michigan Marital Separation Agreement Template
This Michigan Marital Separation Agreement (the "Agreement") is entered into at this _____ day of ____________, 20__, (the "Effective Date") by and between _________________________ (hereinafter "Spouse 1"), residing at ____________________________________, and _________________________ (hereinafter "Spouse 2"), residing at ____________________________________, collectively referred to as the "Parties".
WHEREAS, the Parties were lawfully married on the _____ day of ____________, 20__, in the State of Michigan; and
WHEREAS, due to certain irreconcilable differences and pursuant to the laws of the State of Michigan, specifically the Michigan Marital Property Act, MCL 552.101 et seq., the Parties have decided to separate and live apart; and
WHEREAS, the Parties desire to settle between themselves all matters regarding their marital estate, including but not limited to division of property, division of debts, child custody, visitation rights, child support, and spousal support.
NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
- Division of Property
The Parties agree to divide the marital assets and liabilities as follows:
- Real Property located at _________________________ shall be [transferred to / retained by] _________________________.
- Personal Property, including but not limited to, vehicles, furniture, and electronics, shall be divided as follows: _______________________________________________________________.
- Financial Accounts (bank accounts, retirement accounts, etc.) shall be allocated as follows: _________________________________________________________________.
- Other assets shall be divided as follows: ____________________________________________________________________.
- Division of Debts
All marital debts shall be divided between the Parties as follows:
- Mortgage obligations for the property located at ________________________________________ will be assumed by _________________________.
- Credit card debts shall be allocated as follows: ______________________________________________________________.
- Other obligations shall be divided as follows: ________________________________________________________________.
- Spousal Support
Spousal support shall be provided by [Spouse 1/Spouse 2] to [Spouse 1/Spouse 2] as follows:
- Amount: $______________ per month.
- Duration: From __________________ to __________________.
- Other Terms: _________________________________________.
- Child Custody and Support
If applicable, the Parties agree to the following child custody and support arrangements:
- Primary custody of the child(ren) shall be awarded to ________________________________.
- The non-custodial parent shall have visitation rights as follows: ________________________.
- Child support shall be paid by [Spouse 1/Spouse 2] in the amount of $____________ per month, beginning ____________ and ending ______________ or per the guidelines and regulations set forth by the Michigan Child Support Formula.
- Modification of Agreement
This Agreement may be modified or amended only by a written agreement duly signed by both Parties.
- Governing Law
This Agreement shall be governed in all respects by the laws of the State of Michigan without regard to its conflict of law provisions.
- Entire Agreement
This Agreement constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, between the Parties regarding the subject matter hereof.
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.
__________________________________
Spouse 1 Signature
__________________________________
Spouse 2 Signature
STATE OF MICHIGAN
COUNTY OF ___________________
On this, the _____ day of ____________, 20__, before me, a notary public in and for said county and state, personally appeared _________________________ and _________________________, known to me to be the persons whose names are subscribed to the within instrument and acknowledged that they executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
__________________________________
Notary Public
My Commission Expires: _______________