Marital Domestic Separation and Property Settlement Agreement Adult Children Parties May have Joint Property or Debts where Divorce Action Filed - Pennsylvania 2025

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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 as this will be crucial for legal purposes.
  3. In Section 1, outline the separation details, including the date of separation and any relevant circumstances that led to this agreement.
  4. Proceed to Section 2 to disclose financial information. Each party should list their assets and liabilities honestly to ensure a fair settlement.
  5. In Sections 3 and 4, detail the division of assets and debts. Clearly describe each item and its current fair market value for clarity.
  6. Complete Sections 5 through 11 regarding future earnings, spousal support, children, and mutual indemnity. Be thorough in your explanations.
  7. Finally, ensure both parties sign the document in front of a notary public as required for it to be legally binding.

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--Upon the request of either party in an action for divorce or annulment, the court shall equitably divide, distribute or assign, in kind or otherwise, the marital property between the parties without regard to marital misconduct in such percentages and in such manner as the court deems just after considering all
Importantly, Pennsylvania does not traditionally recognize legal separation. However, couples can create separation agreements, legally binding contracts that define responsibilities and rights during their time apart.
Pennsylvania is known as an equitable distribution state and not a community property state. Our courts divide marital property and debts based on the principles of equity.
Even though Pennsylvania law does not mandate a 50/50 division of marital property, in practice, a 50/50 division is quite common. If the divorcing spouses have similar incomes from their jobs and the marital assets include a home and modest retirement accounts, the courts will often order a 50/50 division.
Assuming there are no disputes regarding whether a bank account is community versus separate property, the typical divorce settlement is division of the bank account as of the date of separation.
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In Pennsylvania, for example, a marital settlement agreement for divorce or separation is legally binding for both you and your spouse. It acts as an explicit means of spelling out the terms of the divorce, as well as the relationship that will play out between you and your spouse after the divorce is finalized.
Either the two parties will agree on the total value of all their assets, or the court will assign a value. Under California law, the value must be split equally, although the division of individual assets will not be identical.

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