Alimony is a payment made by a higher-income spouse to the other spouse for a period after the end of the marriage. The amount will be set between the parties in the marriage comparison contract and will be approved by the presiding judge. A real estate transaction agreement is a mandatory contract between you and your spouse that describes the terms of your divorce. In its most basic form, it will include asset sharing, debt transfer, custody of children, custody of spouses and children. However, there is no limit to the level of detail and the agreement can be tailored to your individual circumstances. For example, a real estate comparison contract may deal with the sharing of pension accounts, payment for a child`s post-secondary education, the use of certain tax credits, marital housing for the matrimonial home while it is being sold, and the mechanics of daily life. These are just examples, and the possibilities for real estate agreements are truly endless. Some transaction agreements include all of these aspects of the dissolution of marriage. However, the following example is the type of agreement that can be used when the parties are able to resolve their ownership disputes, but not the children`s issues or financial assistance that are reserved for the process. Whether the agreement is complete and covers all matters relating to divorce or some of these issues, it can be included in the divorce decree, thus becoming a legally binding part of the final judgment. Custody conflicts can be long, tired and costly.
If you and your spouse have children, it can be extremely beneficial to resolve all custody issues in your real estate transaction contract. CONSIDERING that we want to resolve all matters relating to our marital affairs, personal property and real estate and our finances by mutual agreement; Note: This form only deals with property issues in divorce proceedings, in which the parties agree on how to distribute the property. Other issues that may arise during divorce, such as assistance to children or spouses, custody/visitation or distribution of property, where property interests are disputed, are not addressed.