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In Louisiana, navigating the divorce process can be complex, but understanding the Divorce Settlement Agreement form is crucial for those seeking to finalize their separation amicably. This form serves as a comprehensive document that outlines the terms agreed upon by both parties regarding various aspects of their marriage, including asset division, child custody arrangements, and spousal support. It ensures that both individuals are on the same page, reducing the likelihood of future disputes. By detailing how property will be divided and addressing responsibilities for any children involved, the agreement promotes clarity and fairness. Furthermore, it often includes provisions for the payment of debts and any other financial obligations that may arise post-divorce. Overall, the Divorce Settlement Agreement form is a vital tool that facilitates a smoother transition into a new chapter of life, providing a clear framework for both parties to follow.

Sample - Louisiana Divorce Settlement Agreement Form

Louisiana Divorce Settlement Agreement

This Divorce Settlement Agreement ("Agreement") is made on ____ [Insert Date], by and between ____ [Insert Name of Spouse 1] ("Spouse 1") and ____ [Insert Name of Spouse 2] ("Spouse 2"), collectively referred to as the "Parties", who have agreed to live separate and apart. This Agreement settles all matters related to their marriage and separation as required by the laws of the State of Louisiana, particularly under the Louisiana Civil Code (LCC).

Marital Information

Date of Marriage: ____ [Insert Date of Marriage]

Date of Separation: ____ [Insert Date of Separation]

Division of Marital Assets and Liabilities

The Parties agree to the following division of assets and liabilities:

  1. Real Property: The marital home located at ____ [Insert Address] shall be ____ [Choose One: Awarded to Spouse 1/Awarded to Spouse 2/Sold and proceeds divided].
  2. Personal Property: Each Party shall retain possession of the personal property currently in their respective possession. Any disputed items shall be ____ [Describe resolution method].
  3. Financial Accounts: All jointly held bank and investment accounts shall be divided as follows: ____ [Detail division method].
  4. Debt Responsibility: Each Party shall be responsible for the debts in their respective names. Jointly incurred debts shall be divided as follows: ____ [Detail division method].

Alimony and Child Support

Subject to the provisions of Louisiana law, particularly the Louisiana Civil Code

  • Alimony: ____ [Spouse 1/Spouse 2] shall pay alimony to ____ [Spouse 1/Spouse 2], in the amount of $____ per month for a period of ____ years/months.
  • Child Support: In accordance with Louisiana Child Support Guidelines, ____ [Spouse 1/Spouse 2] shall pay child support to ____ [Spouse 1/Spouse 2], in the amount of $____ per month until the child(ren) reach the age of majority or as otherwise required by law.

Child Custody and Visitation

Both Parties agree to the following terms regarding the custody and visitation schedule for their minor child(ren):

  • Legal Custody: ____ [Spouse 1/Spouse 2/Both] shall have legal custody, allowing the right to make important decisions regarding the child(ren)'s welfare.
  • Physical Custody: Physical custody shall be granted to ____ [Spouse 1/Spouse 2], with the other parent having visitation rights as detailed below.
  • Visitation Schedule: The non-custodial parent shall have visitation every ____ [detail schedule], and as mutually agreed for holidays, birthdays, and special occasions.

Miscellaneous Provisions

This Agreement represents a fair and equitable settlement for both Parties. Any disputes arising from this Agreement shall be resolved through mediation before seeking court intervention. This Agreement shall be governed by the laws of the State of Louisiana and may be amended only by written consent of both Parties.

Signatures

This Agreement is executed on the date first above written:

Spouse 1: ___________________________________ [Signature]

Spouse 2: ___________________________________ [Signature]

Date: ___________________________________ [Insert Date]

↓ Divorce Settlement Agreement File

Document Details

Fact Name Description
Governing Law The Louisiana Divorce Settlement Agreement is governed by Louisiana Civil Code, particularly Articles 102 and 103.
Purpose This form outlines the terms of a divorce settlement, including division of property, custody, and support arrangements.
Filing Requirement The agreement must be filed with the court to be enforceable and is typically submitted alongside the divorce petition.
Mutual Agreement Both parties must voluntarily agree to the terms outlined in the settlement for it to be valid.
Modification Once approved by the court, the settlement can only be modified under specific circumstances, such as a significant change in circumstances.
Legal Representation While not required, having legal representation is strongly advised to ensure that both parties fully understand their rights and obligations.
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