Marital Settlement Agreement (No Children)

MARITAL SETTLEMENT AGREEMENT (NO CHILDREN) — WISCONSIN

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. Wisconsin Jurisdictional Notes

1. PARTIES AND RECITALS

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

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

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

The Parties were lawfully 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 and complete financial disclosure, have had the opportunity to consult independent counsel, and enter this Agreement voluntarily.

2. SEPARATION AND GROUNDS

The marriage has undergone an irretrievable breakdown. 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 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

☐ 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 MAINTENANCE

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

☐ Limited-Term Maintenance:

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

☐ Indefinite Maintenance:

• Payor: ☐ Spouse 1 ☐ Spouse 2
• Amount: $[________] per month
• Terminates upon: death of either Party, remarriage of recipient, or court order

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

☐ Maintenance is ☐ modifiable ☐ nonmodifiable by agreement of the Parties.

9. INSURANCE PROVISIONS

Health Insurance:
☐ Each Party responsible for own coverage after the Final Judgment.
☐ [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 or community property not addressed herein, claims to maintenance not addressed herein, claims against the other's estate (including statutory share 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 Wisconsin. This Agreement shall be incorporated into but not merged with the 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 (PETITIONER):
Signature: ___________________________________ Date: [__/__/____]
Printed Name: [________________________________]

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

NOTARIZATION — STATE OF WISCONSIN

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. WISCONSIN JURISDICTIONAL NOTES

Wisconsin is a community property state with a presumption of equal property division under Wis. Stat. Section 767.61. The court may deviate from equal division based on thirteen statutory factors. Wisconsin is a pure no-fault state; the only ground for divorce is irretrievable breakdown. The mandatory waiting period is 120 days from service of the summons.

Property Division: Community Property (equal division presumption) | Residency: Six months state, 30 days county
Waiting Period: 120 days from service (Wis. Stat. Section 767.335)
No-Fault Ground: Irretrievable breakdown (Wis. Stat. Section 767.315)

Key Statutes:

• Wis. Stat. Section 767.61 (Property Division)
• Wis. Stat. Section 767.56 (Maintenance)
• Wis. Stat. Section 767.315 (Grounds for Divorce)
• Wis. Stat. Section 767.301 (Residency Requirements)
• Wis. Stat. Chapter 766 (Marital Property Act)

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