Marital Dissolution Agreement Template for New Zealand

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Key Requirements PROMPT example:

Marital Dissolution Agreement

"I need a Marital Dissolution Agreement under New Zealand law for a complex separation involving multiple properties, overseas assets, and a family business, with completion targeted for March 2025; both parties will retain independent legal counsel."

Document background
The Marital Dissolution Agreement is a crucial legal document used in New Zealand when couples seek to formally end their marriage through dissolution (divorce). This agreement is governed by the Family Proceedings Act 1980 and must comply with various New Zealand family law statutes, including the Property (Relationships) Act 1976. It is typically prepared after the parties have separated and before or during the formal dissolution process, documenting all agreed terms regarding property division, financial arrangements, and if relevant, children's matters. The agreement requires both parties to receive independent legal advice and must be properly executed to be legally binding. It serves as a comprehensive record of the parties' agreements and can help avoid future disputes about property division or other post-separation arrangements. The document is particularly important as it can be filed with the Family Court and may form part of the final dissolution order.
Suggested Sections

1. Parties: Full legal names and details of both parties to the agreement

2. Background: Brief history of the marriage, including date of marriage, date of separation, and basis for dissolution

3. Definitions: Definitions of key terms used throughout the agreement

4. Acknowledgments: Statements confirming both parties enter the agreement freely, have received independent legal advice, and understand their rights

5. Separation Date: Formal declaration of the date of separation

6. Division of Relationship Property: Comprehensive arrangements for division of all relationship property

7. Financial Matters: Details of bank accounts, investments, and other financial assets division

8. Debts and Liabilities: Allocation of responsibility for joint and individual debts

9. Mutual Release: Mutual release of future claims against each other's property

10. Confidentiality: Terms regarding confidentiality of the agreement and personal information

11. Dispute Resolution: Process for resolving any future disputes about the agreement

12. Execution: Signing requirements and witness details

Optional Sections

1. Children and Parenting Arrangements: Required if the couple has children - includes care arrangements, contact schedules, and decision-making responsibilities

2. Child Support: Required if there are children - details of child support arrangements and calculations

3. Spousal Maintenance: Include if one party will provide financial support to the other

4. Business Interests: Required if either party owns business interests - details division or retention of business assets

5. Superannuation: Include if there are retirement funds to be divided

6. Family Trust Provisions: Required if there are family trusts involved

7. Overseas Assets: Include if there are assets located outside New Zealand

8. Pets: Include if there are arrangements needed for family pets

9. Insurance Policies: Include if there are life, health, or other insurance policies to be addressed

10. Future Asset Division: Include if there are expected future assets or inheritances to address

Suggested Schedules

1. Schedule A - Property Assets: Detailed list of all property assets and their agreed values

2. Schedule B - Personal Property: Itemized list of personal property division

3. Schedule C - Financial Accounts: List of all bank accounts, investments, and their division

4. Schedule D - Debts and Liabilities: Comprehensive list of all debts and their allocation

5. Schedule E - Parenting Schedule: Detailed schedule of care arrangements for children if applicable

6. Appendix 1 - Property Valuations: Professional valuations of significant assets

7. Appendix 2 - Business Valuations: Professional valuations of business interests if applicable

8. Appendix 3 - Superannuation Statements: Current statements of retirement accounts if being divided

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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