Marital Settlement Agreement (No Children)

MARITAL SETTLEMENT AGREEMENT (NO CHILDREN) — RHODE ISLAND

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 Support (Alimony)
9. Insurance Provisions
10. Tax Filing and Obligations
11. Mutual Release and Waiver
12. Execution and Notarization
13. Rhode Island Jurisdictional Notes

1. PARTIES AND RECITALS

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

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

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

The Parties were lawfully married on [__/__/____] in [________________________________] (city/town, 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 completed and exchanged Family Court Financial Statements, have had the opportunity to consult independent counsel, and enter this Agreement voluntarily.

2. SEPARATION AND GROUNDS

The marriage has suffered an irremediable breakdown due to irreconcilable differences. Reconciliation is neither desired nor feasible.

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 Decree.
☐ Spouse 2 retains and shall refinance solely in his/her name within [____] days of the Final Decree.
☐ 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

☐ A QDRO shall be prepared 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 SUPPORT (ALIMONY)

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

☐ Alimony Payable:

• Payor: ☐ Spouse 1 ☐ Spouse 2
• Amount: $[________] per ☐ month ☐ week
• Start: [__/__/____] | End: [__/__/____]
• Terminates upon: death of either Party, remarriage of recipient, or court order
• Payment method: [________________________________]

☐ Rehabilitative Alimony: $[________] per month for [____] months to enable recipient to become self-sufficient.

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

9. INSURANCE PROVISIONS

Health Insurance:
☐ Each Party responsible for own coverage after the Final Decree.
☐ [Spouse __] maintains the other on employer plan for [____] months or until COBRA expires.

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

10. TAX FILING AND OBLIGATIONS

☐ Parties shall file jointly for the year of divorce (if not yet final as of Dec. 31).
☐ Parties shall file separately.

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

Each Party indemnifies the other from tax liability arising from his/her own income or deductions.

11. MUTUAL RELEASE AND WAIVER

Except as provided herein, each Party releases the other from all claims arising from the marriage, including claims to marital property not addressed herein, claims to alimony not addressed herein, claims against the other's estate (including statutory share, dower, curtesy, or election), and claims under prior wills or beneficiary designations. Each Party shall execute documents necessary to effectuate these waivers.

12. EXECUTION AND NOTARIZATION

This Agreement constitutes the entire agreement between the Parties, may be amended only in writing signed by both, and shall be governed by the laws of the State of Rhode Island. This Agreement shall be incorporated into but not merged with the Final Judgment of Divorce and shall survive as an independent contract. Each Party acknowledges reading, understanding, and voluntarily signing this Agreement.

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

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

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

NOTARIZATION — STATE OF RHODE ISLAND

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. RHODE ISLAND JURISDICTIONAL NOTES

Rhode Island is an equitable distribution state. The Family Court has broad discretion to divide marital assets and assign property under R.I. Gen. Laws Section 15-5-16.1. Alimony is discretionary and governed by Section 15-5-16; there is no statutory formula.

Property Division: Equitable Distribution | Residency: One year domicile before filing
Waiting Period: None specified; nominal hearing after filing
Court: Rhode Island Family Court has exclusive jurisdiction

Key Statutes:

• R.I. Gen. Laws Section 15-5-16 (Alimony)
• R.I. Gen. Laws Section 15-5-16.1 (Property Division)
• R.I. Gen. Laws Section 15-5-3.1 (Irreconcilable Differences)
• R.I. Gen. Laws Section 15-5-12 (Residency Requirement)

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