Kansas Divorce Settlement Agreement
This Divorce Settlement Agreement ("Agreement") is designed to outline the division of assets, liabilities, and other essential terms mutually agreed upon between the parties. It is tailored to comply with the specific stipulations of Kansas law, ensuring a smoother transition post-divorce.
Under Kansas statutes, particularly the Kansas Marital Property Act, the parties are encouraged to come to a mutual agreement regarding their property and children, if applicable. This document serves as the final agreement between ______________________ (“Party A”) and ______________________ (“Party B”), collectively referred to hereinafter as “the Parties”.
1. Information of the Parties
Name of Party A: ______________________
Name of Party B: ______________________
Date of Marriage: ______________________
Date of Separation: ______________________
2. Division of Assets and Liabilities
The parties have disclosed to each other fully and completely all assets and liabilities. They agree to divide their assets and liabilities as follows:
- Real Estate: The marital home located at ______________________, and any other real estate owned will be (allocated to Party A / allocated to Party B / sold and proceeds divided).
- Vehicles: The parties own ______________________ vehicle(s), which will be divided as follows: ______________________.
- Bank Accounts and Cash Reserves: Bank accounts and cash reserves shall be divided as follows: ______________________.
- Retirement and Pension Plans: All retirement and pension accounts shall be divided as per the agreed terms: ______________________.
- Debts and Liabilities: The parties have agreed to allocate their debts and liabilities as follows: ______________________.
3. Alimony and Child Support
Based on the mutual agreement and Kansas law considerations:
- Alimony: ______________________ (if applicable, specify the amount, duration, and conditions).
- Child Support: ______________________ (if applicable, specify the amount, duration, and how education, health insurance, and other costs will be divided).
4. Custody and Visitation Rights
In the case where the couple shares children, the agreement on their custody, visitation rights, and parenting schedule is as agreed upon:
Custody to be awarded to: ______________________
Visitation rights and parenting schedule details: ______________________
5. Miscellaneous
Any amendments to this Agreement must be in writing and signed by both parties. This Agreement represents the entire agreement between the parties and supersedes all prior discussions, agreements, or understandings of any kind.
Governing Law: This Agreement shall be governed by the laws of the State of Kansas. Both parties agree that any disputes arising under this Agreement will be resolved in a court of competent jurisdiction in the State of Kansas.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
Party A Signature: ______________________
Party B Signature: ______________________
Date: ______________________