Download Free Tennessee Marital Settlement Agreement Form
This form should be completed and signed when the parties have agreed to the separation of assets and debt from the marriage. This includes property, cars, cash in bank accounts, credit card debt, and any other tangible asset or debt.
Both spouses agree to divide their debts as listed above. The husband agrees to pay all the debts listed under “Husband’s Debts.” The wife agrees to pay all the debts listed under “Wife’s Debts.” The wife will not try to make the husband pay her debts. The husband will not try to make the wife pay his debts. Creditors will try to collect from both spouses. Both spouses understand this. A creditor may get one spouse to pay the other spouse’s debt. If that happens, the spouse who is supposed to pay the debt will pay the other spouse back. They will pay back any payments and reasonable lawyer’s fees the spouse made. They will pay back any costs of trying to stop a creditor from collecting the debt.