Minnesota Divorce Settlement Agreement Template
This Divorce Settlement Agreement ("Agreement") is made on ________ [insert date], by and between ____________ [insert name], henceforth referred to as "Party 1," and ____________ [insert name], henceforth referred to as "Party 2." Both parties agree that their marriage has irretrievably broken down and intend to end their marriage through the legal process provided under the laws of the State of Minnesota, specifically under the Minnesota Marriage and Divorce Act.
The parties acknowledge that they have entered into this Agreement voluntarily, without any coercion or duress, and with a full understanding of its terms, which include the division of their marital property, alimony (if any), and arrangements concerning child support, custody, and visitation rights (if applicable).
Article 1: Division of Marital Property
Under the guidelines established by the State of Minnesota, the parties agree to divide the marital property as follows:
- Real Property located at ____________ [insert address]: _________________________________________ [details of division].
- Personal Property, including but not limited to vehicles, furniture, and electronics: ____________ [details of division].
- Financial Assets, such as bank accounts, stocks, and retirement accounts: ________________ [details of division].
- Debts and Liabilities are to be divided as follows: _________________________________________ [details of division].
Article 2: Alimony
Party 1 □ shall / □ shall not pay alimony to Party 2. If applicable, the amount and duration of alimony payments are as follows: ________ [insert details]. The criteria outlined in the Minnesota Statutes will guide any modifications to the alimony agreement.
Article 3: Child Support, Custody, and Visitation
If the parties have minor children from their marriage, they agree to the following terms consistent with the best interests of the children and in compliance with Minnesota child support guidelines:
- Child Custody Arrangements: ____________ [insert details of custody arrangements].
- Child Support: Party 1 □ shall / □ shall not pay child support to Party 2. Details: ________ [insert details, including amounts and payment schedule].
- Visitation Rights: ____________ [insert details of visitation schedule and conditions].
Article 4: Miscellaneous Terms
The parties further agree to:
- Mutually release each other from all claims (except as provided in this Agreement).
- Refrain from making disparaging remarks about each other in any medium.
- Notify each other of any changes in address, employment, or phone number.
This Agreement represents the entire agreement between the parties and supersedes any prior understandings or agreements. It may only be amended in writing and with the consent of both parties. If any provision of this Agreement is held to be invalid, the remaining provisions shall still remain in full force and effect.
In witness whereof, the parties have executed this Agreement on the date first written above.
Party 1 Signature: ___________________________ Date: ________
Party 2 Signature: ___________________________ Date: ________
