Marital Settlement Agreement (No Children) - Vermont

MARITAL SETTLEMENT AGREEMENT (NO CHILDREN) — VERMONT

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 Maintenance
9. Insurance Provisions
10. Tax Filing and Obligations
11. Mutual Release and Waiver
12. Execution and Notarization
13. Vermont 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 [__/__/____] and have lived separate and apart for six or more consecutive months. There are no minor or dependent children of this marriage and neither Party is currently pregnant. Both Parties have made full and complete financial disclosure, have had the opportunity to consult independent counsel, and enter this Agreement voluntarily.

2. SEPARATION AND GROUNDS

The Parties have lived separate and apart for six or more consecutive months, and the resumption of marital relations is not reasonably probable.

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

As between the Parties, each shall indemnify and hold the other harmless from debts assigned to that Party. Confirm creditor obligations separately before relying on this allocation. Debts incurred individually after the separation date are the sole responsibility of the incurring Party as between the Parties.

8. SPOUSAL MAINTENANCE

☐ No Maintenance. Each Party asks the court to approve a knowing and voluntary waiver of spousal maintenance under this Agreement.

☐ Rehabilitative Maintenance:

• Payor: ☐ Spouse 1 ☐ Spouse 2
• Amount: $[________] per ☐ month ☐ week
• Start: [__/__/____] | End: [__/__/____]
• Purpose: [________________________________]
• Agreed termination events, subject to the court's order: ☐ death of either Party ☐ remarriage of recipient ☐ specified date ☐ other: [________]
• Payment method: [________________________________]

☐ Long-Term Maintenance:

• Payor: ☐ Spouse 1 ☐ Spouse 2
• Amount: $[________] per month
• Start: [__/__/____] | Duration: ☐ Indefinite ☐ Until [__/__/____]
• Agreed termination events, subject to the court's order: ☐ death of either Party ☐ remarriage of recipient ☐ court order ☐ other: [________]

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

9. INSURANCE PROVISIONS

Health Insurance:
☐ Each Party responsible for own coverage after the Final Decree.
☐ If continuation coverage is available and elected, [Spouse __] shall pay or reimburse its cost for [____] months, subject to the plan's terms.

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 intend to file a joint return for [YEAR] if eligible under applicable tax law after tax advice.
☐ Parties shall file separately.

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

As between the Parties, each shall indemnify the other from tax liability arising from that Party's own income or deductions. Confirm filing and payment obligations with a tax advisor.

11. MUTUAL RELEASE AND WAIVER

Except as provided herein and subject to court approval, each Party releases claims against the other arising from the marriage that are identified here: [SPECIFY PROPERTY AND MAINTENANCE CLAIMS RELEASED]. Any intended waiver of inheritance rights or change to a will, beneficiary designation, or retirement plan must be addressed in the separate instrument and manner required by applicable law. Each Party shall execute documents necessary to effectuate the agreed property transfers.

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 Vermont law. The Parties request that the court incorporate it into the divorce order and specify whether any terms survive as an independent contract, subject to the court's ruling. 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 VERMONT

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. VERMONT JURISDICTIONAL NOTES

Vermont generally permits equitable division of all property owned by either or both parties, however and whenever acquired, under 15 V.S.A. § 751(a). An inheritance interest that has not vested and remains capable of modification or divestment is excluded from the marital estate under § 751(b)(8)(B). Under § 752(a), maintenance requires insufficient income or property for reasonable needs and inability to support oneself through appropriate employment at the marital standard of living, or custody of a child of the parties. The court may award rehabilitative or long-term maintenance after considering § 752(b)'s factors and guideline table.

Property Division: Equitable division under § 751 | Residence: Under § 592(a), ordinarily six months for either party before filing and one year before the final hearing; § 592(b) provides a narrow stipulated-divorce route for qualifying nonresidents whose marriage was established in Vermont but is not recognized for divorce in either home state.
Decree nisi period: The divorce decree ordinarily becomes absolute 90 days after entry, unless the court fixes an earlier date (15 V.S.A. § 554(a)). This is measured from entry of the decree, not filing of the case.
No-Fault Ground: Six months separation (15 V.S.A. Section 551(7))

Key Statutes:

• 15 V.S.A. § 751 (Property Settlement)
• 15 V.S.A. § 752 (Maintenance)
• 15 V.S.A. § 551 (Grounds for Divorce)
• 15 V.S.A. § 592 (Residence)

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