Marital Settlement Agreement (No Children) - Maryland

MARITAL SETTLEMENT AGREEMENT (NO CHILDREN) — MARYLAND

TABLE OF CONTENTS

1. Parties and Recitals
2. Separation and Grounds
3. Division of Real Property
4. Division of Personal Property
5. Division of Financial Accounts
6. Retirement and Pension Benefits
7. Debt Allocation
8. Spousal Alimony
9. Insurance Provisions
10. Tax Filing and Obligations
11. Mutual Release and Waiver
12. Execution and Notarization
13. Maryland Jurisdictional Notes

1. PARTIES AND RECITALS

This Agreement is entered into on [__/__/____] by and between:

Spouse 1: [________________________________] (DOB: [__/__/____])
Address: [________________________________]

Spouse 2: [________________________________] (DOB: [__/__/____])
Address: [________________________________]

The Parties were married on [__/__/____] in [________________________________] (city/county, state). The Parties separated on or about [__/__/____]. There are no minor or dependent children of this marriage and neither Party is currently pregnant. Both Parties have made full financial disclosure, have had the opportunity to consult independent counsel, and enter this Agreement voluntarily.

2. SEPARATION AND GROUNDS

The Parties intend to seek an absolute divorce on [☐ irreconcilable differences / ☐ mutual consent / ☐ another ground stated in the divorce pleading: __________]. If they seek mutual consent, they will submit this signed Agreement to the court as part of their application under Md. Code, Fam. Law § 7-103(a)(3).

3. DIVISION OF REAL PROPERTY

Marital Residence: [________________________________]

• Fair Market Value: $[________] | Mortgage Balance: $[________]

☐ Spouse 1 retains and shall refinance solely in his/her name within [____] days of the Final Judgment.
☐ Spouse 2 retains and shall refinance solely in his/her name within [____] days of the Final Judgment.
☐ Property shall be listed for sale within [____] days; net proceeds divided: [________________________________].
☐ No real property owned.

Other Real Property: [________________________________]

The retaining Party shall execute all deeds/transfers necessary within [____] days.

4. DIVISION OF PERSONAL PROPERTY

To Spouse 1: [________________________________]
To Spouse 2: [________________________________]

Vehicles:

Each Party shall execute titles/transfers within [____] days.

5. DIVISION OF FINANCIAL ACCOUNTS

Equalization Payment (if any): $[________] from [Spouse __] to [Spouse __] by [__/__/____].

6. RETIREMENT AND PENSION BENEFITS

☐ The Parties will obtain any plan-specific qualified domestic relations order, transfer instruction, or other instrument required to implement this division for: [________________________________].
☐ Each Party retains own retirement accounts without division.
☐ Other: [________________________________]

7. DEBT ALLOCATION

Each Party shall indemnify and hold the other harmless from debts assigned to him/her. Debts incurred individually after the separation date are the sole responsibility of the incurring Party.

8. SPOUSAL ALIMONY

☐ No Alimony. Each Party waives any claim to spousal alimony, now and in the future, knowingly and voluntarily.

☐ Alimony Payable:

• Payor: ☐ Spouse 1 ☐ Spouse 2
• Amount: $[________] per ☐ month ☐ week
• Start: [__/__/____] | End: [__/__/____]
• Unless the Parties agree otherwise in the space below, alimony terminates as provided by Md. Code, Fam. Law § 11-108: death of either Party, marriage of the recipient, or a court finding that termination is necessary to avoid a harsh and inequitable result.
• Different agreed termination terms, if any: [DESCRIBE THE EVENT AND EFFECT PRECISELY, OR "NONE": __________]
• Court modification of amount under § 8-103: ☐ permitted as law allows ☐ expressly excluded by agreement as follows: [SPECIFIC NONMODIFICATION LANGUAGE: __________]
• Payment method: [________________________________]

☐ Lump Sum: $[________] payable by [__/__/____].

9. INSURANCE PROVISIONS

Health Insurance:
☐ Each Party responsible for own coverage after the Final Judgment.
☐ [Spouse __] will pay or reimburse $[____] per month toward coverage lawfully available to the other Party for [____] months, subject to the plan's terms and applicable law.

Life Insurance:
☐ Not applicable.
☐ [Spouse __] maintains policy of $[________] naming other as beneficiary while support obligations continue. Carrier: [________] Policy No.: [________]

10. TAX FILING AND OBLIGATIONS

For each tax year, the Parties will use a filing status permitted by applicable tax law. Any joint return requires both Parties' separate review and signatures. For tax year [____], the Parties intend to [☐ file jointly, if eligible and both later agree / ☐ file separately under a permitted status].

Prior returns: Parties shall cooperate on outstanding returns and divide refunds/liabilities as follows: [________________________________].

As between the Parties, each shall reimburse the other for tax liabilities allocated to that Party under this Agreement. This allocation does not purport to alter any taxing authority's rights.

11. MUTUAL RELEASE AND WAIVER

Except for obligations in this Agreement and claims concerning property omitted from the disclosures attached as Schedule A, each Party releases claims against the other for marital property and alimony arising from the marriage.

Each Party also waives the right of election in the other's estate under Md. Code, Est. & Trusts § 3-406. To the extent § 3-406 applies to this complete property settlement, each Party waives the related family allowance, intestate succession, right to letters, and benefits under a will or revocable trust executed before this Agreement. Any intended change to an account, policy, or plan beneficiary designation will be submitted separately to the relevant administrator or provider.

12. EXECUTION AND NOTARIZATION

This Agreement constitutes the entire agreement between the Parties, may be amended only in writing signed by both, and is governed by Maryland law. The Parties request that the court incorporate this Agreement into a final divorce decree without merger, subject to the court's order under Md. Code, Fam. Law § 7-103(e). Each Party acknowledges reading, understanding, and voluntarily signing this Agreement.

☐ Both Parties represented by independent counsel.
☐ [Spouse __] proceeding without counsel after advisement.

SPOUSE 1:
Signature: ___________________________________ Date: [__/__/____]
Printed Name: [________________________________]

SPOUSE 2:
Signature: ___________________________________ Date: [__/__/____]
Printed Name: [________________________________]

NOTARIZATION — STATE OF MARYLAND

County of [________________________________]

On [__/__/____], before me personally appeared the above-named Spouse 1 and Spouse 2, known to me or proven by satisfactory evidence, and acknowledged execution of this instrument voluntarily.

Notary Public: ___________________________________ | Commission Expires: [__/__/____]
[NOTARY SEAL]

13. MARYLAND JURISDICTIONAL NOTES

Under Md. Code, Fam. Law § 7-103(a)(3), mutual consent requires a signed settlement agreement submitted to the court resolving alimony and property issues (and child issues if any). The Parties confirm they have no minor or dependent children together. The court may make a monetary award or transfer certain specified property interests under § 8-205 after considering the statutory factors.

Residency: If the divorce grounds occurred outside Maryland, one Party must have resided in Maryland for at least six months before filing under § 7-101.

Key Statutes:

• Md. Code, Fam. Law §§ 7-101, 7-103, 8-101, 8-103, 8-201, 8-205, 11-106, and 11-108: https://mgaleg.maryland.gov/mgawebsite/Laws
• Md. Code, Est. & Trusts § 3-406: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=get&section=3-406&enactments=false

This template is provided by ezel.ai for informational purposes only. It does not constitute legal advice. Consult a licensed Maryland attorney before executing any legal document.