Wisconsin Marital Settlement Agreement Form
Divorce can be a challenging and emotional experience, especially when it comes to dividing your assets and property. In Wisconsin, couples can create a Marital Settlement Agreement (MSA) to help resolve marital issues and define their property rights. This legal document outlines how marital assets and debts are divided and how child custody and support arrangements will work.
The Wisconsin Marital Settlement Agreement Form is available online and can be downloaded as a Microsoft Word document or PDF. It includes the following sections:
I. Introduction: Identifies the parties involved in the divorce and the date of the MSA
II. Property Division: Describes how marital property will be distributed, including real estate, personal property, bank accounts, investment accounts, pensions, and other retirement assets. The MSA will also address any debts, such as credit cards, mortgages, car loans, or medical bills.
III. Alimony: Determines the amount, duration and method of payments, if applicable.
IV. Child Custody: Outlines the custody and visitation rights and responsibilities of each parent, including but not limited to decision-making authority, residential arrangements and schedules.
V. Child Support: Establishes the amount and terms of child support payments, which is calculated based on the Wisconsin Child Support Guidelines.
VI. Other Provisions: This section can address various other matters such as tax obligations, insurances, attorney fees, and dispute resolution procedures.
Once the MSA is completed, it must be reviewed and signed by both parties, as well as a judge or family court commissioner. It is important to note that the Marital Settlement Agreement is a legally binding contract and cannot be changed without the approval of the court.
In Wisconsin, couples have the option of working with a mediator or attorney to help draft a Marital Settlement Agreement. This process allows the couple to negotiate and customize an agreement that best suits their specific needs and circumstances.
In conclusion, the Wisconsin Marital Settlement Agreement Form is a valuable tool in the divorce process. It can save time, money, and emotional stress by allowing couples to work together to reach a mutually beneficial agreement. If you are considering divorce in Wisconsin, it is highly recommended that you consult with an experienced family law attorney to ensure your rights and interests are protected.