Final Stipulation Property Debt And Spousal Support {400-00878}

400-00878 226 Final Stipulation Property/Debts/Spousal Support (02/2019) Page 1 of 7 STATE OF VERMONT SUPERIOR COURT FAMILY DIVISION Unit Docket No. Plaintiff v. Defendant FINAL STIPULATION Property, Debts and Spousal Support We, the parties in this action, agree to the following provisions and we request that the Court include these provisions in its final decree and order of divorce: 1. Separation - We have lived separate and apart in excess of six consecutive months, and the resumption of our marital or civil union relationship is not reasonably probable. We separated on . (Date) 2. Waiting Period (Nisi Period) - In Vermont, a divorce/civil union dissolution is not absolute until 90 days after the date of the final decree unless the parties agree to waive all or part of that period known as the ''nisi period.'' A waiver of all or part of the period can have an impact on one party222s eligibility to be covered by the other party's health insurance and income tax filing status. We wish to waive the waiting period. We understand that the divorce/civil union dissolution will become final on the date the divorce decree is signed by the judge. We do not wish to waive any portion of the waiting period. We understand that our divorce/civil union will not become final until 90 days after the date the divorce decree is signed by the judge. We understand neither may remarry until after the nisi period has ended. We wish to waive a portion of the waiting period so that the final decree will become final days after it is signed. 3. Vehicles We do not own any motor vehicles. Each party is awarded the vehicle(s) in their name or possession free of any right, title or interest of the other party. The party to whom the vehicle is awarded shall be solely responsible for any loans/liens or lease on the vehicle and shall indemnify and hold the other party harmless from any liability for that debt. Title and ownership for the following vehicle(s) will be transferred to the Plaintiff by (Date) Defendant by (Date) Describe vehicle(s): Refinancing or payoff of any loans related to this vehicle will be completed by (Date) Title and ownership for the following vehicle(s) will be transferred to the Plaintiff by (Date) Defendant by (Date) Describe vehicle(s): Refinancing or payoff of any loans related to this vehicle will be completed by (Date) American LegalNet, Inc. www.FormsWorkFlow.com 400-00878 226 Final Stipulation Property/Debts/Spousal Support (02/2019) Page 2 of 7 4. Furniture and Other Personal Property We have divided all of our furniture and other personal property to our satisfaction except as otherwise noted below and we agree that the Court should award each of us the personal property in our possession free of any interest of the other party. Plaintiff is awarded the following items of personal property: Defendant is awarded the following items of personal property: The items listed above shall be transferred to the party to whom they are awarded as follows: (please specify date and means of transfer) 5. Pensions, Retirement Plans and Other Tax Deferred Assets Neither party has a pension, retirement plan or any tax deferred assets. Each party is awarded sole ownership and possession of any pension, retirement 401(k), 403, IRA, or other retirement plan currently in their name, free and clear of any interest of the other party, except as provided below The following retirement asset shall be divided between the parties: Name of Participant or owner of plans or account: Name of Asset/Plan: Agreed-upon effective date of division Agreed upon division: $ to be transferred to Plaintiff $ to be transferred to Defendant % to be transferred to Plaintiff % to be transferred to Defendant The agreed-upon amount or percentage shall be: the exact dollar amount stated, or exact percentage as of the effective date. adjusted to reflect market fluctuation (increases/reductions) in value from the effective date to the date of distribution. The Plaintiff The Defendant shall prepare a Qualified Domestic Relations Order within a reasonable period of time not to exceed months. The following retirement asset shall be divided between the parties: Name of Participant or owner of plans or account: Name of Asset/Plan: Agreed-upon effective date of division Agreed upon division: $ to be transferred to Plaintiff $ to be transferred to Defendant % to be transferred to Plaintiff % to be transferred to Defendant The agreed-upon amount or percentage shall be: the exact dollar amount stated, or exact percentage as of the effective date. adjusted to reflect market fluctuation (increases/reductions) in value from the effective date to the date of distribution. American LegalNet, Inc. www.FormsWorkFlow.com 400-00878 226 Final Stipulation Property/Debts/Spousal Support (02/2019) Page 3 of 7 The Plaintiff The Defendant shall prepare a Qualified Domestic Relations Order within a reasonable period of time not to exceed months. The participant/owner shall not withdraw, transfer or borrow or increase any loan against the plan or account to be divided prior to the division. Any loans existing as of the date of this Agreement: Shall be the sole responsibility of the participant/owner and shall not be included in the valuation of the plan or account Shall be the sole responsibility of the participant/owner but the balance shall be included in the valuation of the account before division. Note to Parties: Division of retirement accounts, plans and assets may be subject to significant tax consequences if the transfer or division is not done properly. Parties are cautioned to contact attorneys and/or plan administrators about preparation of appropriate documents and orders. 6. Other Financial Assets Each party is awarded their respective bank accounts (checking and/or savings), credit union accounts, certificates of deposit and all similar accounts unless otherwise provided below. Each party is awarded stocks, bonds, mutual funds, stock options or other like financial assets in their name unless otherwise provided below. The parties have joint or individual bank or investment or similar accounts. Financial institution: Last four digits of account number (do not include entire account number) The joint account shall be equally divided between the parties or Plaintiff is awarded $ OR % Defendant is awarded $ OR % After division, the joint account shall be closed the balance is awarded to Plaintiff Defendant The parties have joint or individual bank or investment or similar accounts. Financial institution: Last four digits of account number (do not include entire account number) The joint account shall be equally divided between the parties or Plaintiff is awarded $ OR % Defendant is awarded $ OR % After division, the joint account shall be closed the balance is awarded to Plaintiff Defendant Neither party is the beneficiary of any trust established by third parties, which is known to that party Plaintiff Defendant is the beneficiary of a trust, and the following agreement is reached with respect to that trust: Other: American LegalNet, Inc. www.FormsWorkFlow.com 400-00878 226 Final Stipulation Property/Debts/Spousal Support (02/2019) Page 4 of 7 7. Real Estate The parties do not own any real estate. List of properties: The parties own the following real property in either separate names or together (list the location of each parcel of real property): The parties do not own any property in joint names. Each party is awarded the property in their own name free and clear of any interest of the other party. Sale of Property: On , the following property/properties shall be listed for sale: (Date) The net proceeds from such sale shall be divided as follows: Plaintiff: % Defendant: % Other conditions related to the sale of the property/properties: Until the sale of the property, responsibility for payment of mortgage, taxes and other expenses related to the property shall be paid as follows: Property Awarded to Plaintiff: Plaintiff is awarded the following parcel(s) of real property, free and clear of any interest of Defendant. Plaintiff shall be solely responsible for the mortgage; property taxes and al