Marital Legal Separation and Property Settlement Agreement Minor Children Parties May have Joint Property or Debts where Divorce Action Filed - Indiana 2026

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Marital Legal Separation and Property Settlement Agreement Minor Children Parties May have Joint Property or Debts where Divorce Action Filed - Indiana Preview on Page 1

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the full legal names of both parties at the top of the form, ensuring accuracy for legal purposes.
  3. In Section 1, outline the separation details, including the date of separation and any relevant circumstances leading to this agreement.
  4. Proceed to Section 2 to disclose financial information. Each party should list their assets and liabilities clearly, ensuring transparency.
  5. In Section 3, detail the division of assets. Clearly describe each item being awarded to either party along with its current fair market value.
  6. Complete Section 4 by specifying how debts will be divided between both parties, ensuring that all liabilities are accounted for.
  7. Fill out Sections 7 and 8 regarding child custody arrangements and child support obligations, providing necessary details about visitation schedules and financial responsibilities.
  8. Once all sections are completed, review the document thoroughly for accuracy before signing. Both parties must sign in front of a notary public as required.

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In Indiana, the division of property during a divorce is governed by the rule of equitable distribution. This often results in a 50/50 split of marital assets, but a court can decide to divide property unequally in the interest of fairness, taking into account the unique circumstances of each case.
Disadvantages of Legal Separation Since you are still legally married, you cannot marry someone else. If you meet a new partner and want to remarry, you will need to get divorced first. Even though you maintain separate residences, your finances might still be tangled.

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