Oklahoma Marital Separation Agreement Form

SEPARATION AND PROPERTY SETTLEMENT AGREEMENT
This agreement is made between, _______________________ (the Wife), and
______________________, (the Husband), to settle all financial matters by mutual
agreement and having reached this agreement on this date, do execute this instrument as
follows:
1.
Children.
There are no minor children of said marriage, and the wife is not now pregnant.
All children of the marriage are over the age of eighteen (18) and emancipated.
2.
Property.
2.1
The Marital Home.
The parties jointly own real estate located at [address]
______________________________, [state] ____, [zip code] ________
(the House). The Husband/Wife will convey to the Husband/Wife all of
his right, title, and interest in the House by quitclaim deed. The
Wife/Husband will have all rights to the escrow account. The
Husband/Wife will be solely responsible for, and will pay, the mortgage
debt on the House as it matures. The Husband/Wife will hold the
Husband/Wife harmless from the mortgage debt on the House.
The parties do not jointly own a marital home.
2.2
Automobiles.
Each party will retain the vehicle or vehicles already owned or leased
in his or her sole name and shall hold the other party harmless from any
liability arising from indebtedness or lease obligations related to such
vehicle(s).
Husband shall be entitled to the ______________ automobile with
VIN __________________________ and make all payments thereon and
hold wife harmless for the payment of same. Wife shall convey all interest
in said vehicle to Husband.
Wife shall be entitled to the ______________automobile with VIN
_____________________________ and make all payments thereon and
hold husband harmless for the payment of same. Husband shall convey all
interest in said vehicle to Wife.
Husband Initials: _______ Wife Initials: ______
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2.3
Bank Accounts.
The joint bank account at ______________ is hereby awarded to the
Wife. The Wife will either close this account or have the Husband’s name
removed from it.
The joint bank account at ________________ is hereby awarded to the
Husband. The Husband will either close this account or have the Wife’s
name removed from it.
The parties have already agreed on a division of their remaining bank
accounts. Each party will retain sole ownership in the accounts that bear
his or her name.
2.4
Other Personal Property.
The Husband and the Wife have agreed to an equitable division of their
personal property.
All other items of personal or real property currently in the Husband’s
name or belonging solely to him (except as specifically described in this
Agreement), including without limitation cash, bank accounts, clothing,
clothing accessories, jewelry, securities, retirement plans, business
interests, partnerships, insurance policies, and books, music, art, tools,
equipment, and intellectual property, shall be his sole property, and the
Wife hereby renounces any interest that she may have therein.
All other items of personal or real property currently in the Wife’s name
or belonging solely to her (except as specifically described in this
Agreement), including without limitation cash, bank accounts, clothing,
clothing accessories, jewelry, securities, retirement plans, business
interests, partnerships, insurance policies, and books, music, art, tools,
equipment, and intellectual property, shall be her sole property, and the
Husband hereby renounces any interest that he may have therein.
3.
Marital Obligations.
Each party will be responsible for the debts incurred in that party’s sole name
and will hold the other party harmless from any liability arising from said
indebtedness.
Husband shall be responsible for the following joint debts of the parties and
hold wife harmless for the payment of same:
(a)
(b)
Husband Initials: _______ Wife Initials: ______
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(c)
(d)
Wife shall be responsible for the following joint debts and hold the Husband
harmless for the payment of same:
(a)
(b)
(c)
(d)
Other:
4.
Alimony.
Both the Husband and the Wife waive any and all right to receive periodic
alimony, past, present and future.
5.
Miscellaneous.
5.1
Taxes.
Each party will each prepare and file separate federal and state tax returns for
year __________, at each party’s sole expense. Each party will pay his or her
own deficiency; if any, and each party will retain his or her own refund(s), if
any.
The parties agree that the Wife provided the funds to pay the property
taxes and mortgage interest on the House during _______________ and that
she is entitled to deduct these expenses on her ______________ income tax
return.
The parties agree that the Husband provided the funds to pay the property
taxes and mortgage interest on the House during ______________ and that he
is entitled to deduct these expenses on his _______________ income tax
return.
Any tax refund which has not been received for the year ________ shall be
the property of
Husband,
Wife,
divided equally between Husband
and wife.
Husband Initials: _______ Wife Initials: ______
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5.2
Execution.
Each party shall execute any and all documents necessary to effectuate the
terms of this agreement including, but not limited to, deeds, bills of sale,
certificates of title, tax forms, real estate contracts, and the like. If this
Agreement requires the Husband or the Wife to accomplish an act but doesn’t
state a time limit for completion, the act will be completed within 60 days
after the divorce is effective.
Wife’s Name.
5.3
The Wife’s maiden name, ______________________, will be restored
to her.
No restoration of maiden name is sought.
5.4
5.5
Costs.
Each party shall pay his or her respective
______________________ shall pay court costs.
attorney,
if
any.
Law
This agreement shall be controlled by the laws of the State of Oklahoma.
THE PARTIES HAVE EXECUTED THIS AGREEMENT to be effective on the
date the divorce is effective.
__________________________________
Wife
__________________________________
Husband
STATE OF OKLAHOMA
COUNTY OF _________________
The foregoing instrument was acknowledged before me this
_____________________ (date) by _________________________________________
(name of person acknowledged).
__________________________
Notary Public
Printed Name: _____________________
My Commission Expires:
___________________
Husband Initials: _______ Wife Initials: ______
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STATE OF OKLAHOMA
COUNTY OF _________________
The foregoing instrument was acknowledged before me this _____________________
(date) by _________________________________________ (name of person
acknowledged).
__________________________
Notary Public
Printed Name: _____________________
My Commission Expires:
___________________
Husband Initials: _______ Wife Initials: ______
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