Settlement Agreement
Your settlement agreement contains all of your financial information, assets and debts, as well as agreement for spousal maintenance, if appropriate. The standard for this agreement is that the settlement be ‘Fair and Equitable’. To determine what is fair and equitable you will each be completing a budget to share with the other and compiling a list of your assets and liabilities.
Financial Document Checklist
– This document will help you compile all of the information that you will need to discuss for your settlement agreement.
Spreadsheet of all of your assets and Liabilities
Property Distribution Worksheet
Spousal Maintenance
http://www.divorcenet.com/resources/divorce/spousal-support/understanding-and-calculating-alimony-wa
http://www.divorcesupport.com/divorce/Washington-Spousal-Support-Maintenance-Alimony-785.html
Budgeting
You will find the following budget template very detailed. This may feel like overkill, but it is the unanticipated expenses that ruin our financial health. An accurate detailed budget during mediation can save you from financial distress down the road.
Thinking about your Financial Future
The following are publications from Morgan Stanley that you may find helpful.
I hope you find this information useful. Feel free to contact me for more information or to request additional resources.
Call 360-524-1762 to speak to Laura Hall or email lhall@hall-mediation.com