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Marital Dissolution Agreement

Making Decisions in Your Memphis Divorce Proceedings

Most likely the next document drawn up in your case will be a Marital Dissolution Agreement. Divorces usually settle in the beginning when both parties feel guilty or in the end when both are exhausted. We will draw up the agreement, but we need to know who gets what and who pays what.

You can include many things in your agreement, some of which are listed below:

  • Court cost and attorney’s fees—Who pays?
  • Property—Who gets the house? Who gets the note? How does the equity get divided if it is sold?
  • Personal property—Who gets which car, what appliances, and what happens to the sofa in the den?
  • Retirement—What happens to any retirement benefits that have accrued?
  • Debts—Who pays what? Should the debts be paid off by refinancing?
  • Alimony—How much? How long?
  • Custody—Who gets which child? Should any aspects of custody be shared? The noncustodial parent may be the one who is a doctor and may be the one who should make medical decisions. Will joint custody work?
  • Child support—How much? How long? Who carries health or life insurance on children? Who gets to claim the children as income tax deductions? Private school or college tuition?
  • Visitation—Do you want a specific schedule or can you and your spouse work together on it?
  • Life insurance— Who is insured? Who is the beneficiary? Term or cash value? How much?
  • Health insurance— Who is covered? In many cases an employee’s spouse can be covered up to thirty-six (36) months after the divorce by the employed spouse’s insurance for a small additional premium.
  • Other—Security for obligations in the agreement, for wills, for death, and for taxes. (You cannot avoid death or taxes, so you may need to provide for them.)

Rice Divorce Team can guide you through the divorce process in Memphis, including drawing up a Marital Dissolution Agreement. Contact us today at (901) 425-1274 to learn more.

Reviews from People Who Have Been There

  • Nick Rice fought for me and my children which resulted in a better outcome than I had expected.

    “fter 13 months of dealing with the emotional, financial and overall stress that is attached to a divorce, Mr. Nick Rice was able to completely get all of the issues settled in less than 4 months with me coming out better than I had expected financially and”

    Jeff

  • I recommend Mr. Larry Rice without hesitation as one of the best divorce attorneys that can help you and your family if his services are ever needed in your life.

    “Larry Rice in my humble and professional opinion is one of the best attorneys in the Memphis area.”

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  • Nick was always quick to return emails and phone calls, and he always explained everything so that I always knew exactly what was going on and what options we had.

    “When we went to court, Nick and his staff were beyond amazing in how well they were prepared. Nick did an outstanding job in the courtroom, and he gave me peace of mind throughout the entire process.”

    Beth

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    “Mr. Rice was so kind and patient that soon my fears abated.”

    Mary

  • He was totally objective and allowed me to diverge from the "normal or customary" lawyerly path.

    “He well advised me of the consequences of my decisions. ”

    Steve