Illinois Marital Separation Agreement
This Marital Separation Agreement (“Agreement”) is made and entered into as of the ___ day of __________, 20___, by and between:
Party A: ________________________________
Address: ________________________________
Party B: ________________________________
Address: ________________________________
Collectively referred to as “the Parties.” This Agreement outlines the terms and conditions of the Parties' separation under the laws of the State of Illinois.
1. Separation Date:
The Parties agree that the date of separation shall be ___________________________.
2. Division of Property:
The Parties agree to the following division of property:
- Party A shall receive: _______________________________________
- Party B shall receive: _______________________________________
3. Debt Responsibility:
The Parties agree that the following debts will be the responsibility of:
- Party A: _______________________________________
- Party B: _______________________________________
4. Child Custody and Support:
If applicable, the Parties agree to the following arrangements regarding their child/children:
- Custodial Parent: _____________________________
- Child Support Amount: _____________________________
- Visitation Schedule: _____________________________
5. Health Insurance:
The Parties agree that:
- Party A will maintain health insurance for: _____________________________
- Party B will maintain health insurance for: _____________________________
6. Dispute Resolution:
In the event of a dispute arising from this Agreement, the Parties agree to seek resolution through:
- Mediation: Parties will engage in good faith mediation.
- Arbitration: If mediation fails, Parties will proceed to arbitration.
7. Governing Law:
This Agreement shall be governed by and construed under the laws of the State of Illinois.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.
______________________________
Party A
______________________________
Party B
______________________________
Date