This form is a Settlement Agreement usable in cases where licensing, patents, or commercial trade secrets are a factor.
Indiana Settlement Agreement
State:
Multi-State
Control #:
US-TS10045
Format:
Word;
PDF;
Rich Text
Instant download
Description
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FAQ
Even though Indiana law doesn't recognize community property, it does require courts to determine an "equitable property division." More specifically, property is divided in a "just and reasonable" manner. In most cases, this means that each spouse gets about half of everything they own.
Defining Marital and Separate Property In many states, most of the property you buy or receive while you're married becomes marital property, regardless of whose name is on the title. Marital property is owned by both of you and will get divided should you get divorced.
How Long Does a Person Need to Be Married in Indiana to Get a Full Share of Assets in a Divorce? There is no statutory definition for a ?long? marriage in Indiana that would entitle a person to a ?full? share of assets in a divorce.
In Indiana, property will typically be divided in half. While that does not mean items will always be split 50/50, the value of marital property will generally be divided equally between the two. However, there are instances where the court will give one spouse more property than the other.
Generally, alimony in Indiana is paid for 1 year for every 3 years of marriage. Second, marital fault isn't considered when calculating alimony. Many people think that, for instance, if there's a case of infidelity, alimony might be lower or higher.
A 50/50 split of marital assets is the presumptive standard in Indiana divorce settlements.
In the state of Indiana, property that was brought into the marriage by either party is no longer considered separate. It enters the pool of marital assets and is subject to division either by settlement or through the court system.
The settlement agreement can be voided if it was formed through fraud or misrepresentation. If a person can refuse to sign a settlement agreement in the first place depends on how it was formed. If there was an oral agreement a signature may not be required for it to be enforced.