Marital Settlement Agreement Template for Austria

An Austrian Marital Settlement Agreement (Scheidungsvergleich) is a legally binding document that outlines the terms and conditions of a divorce settlement between spouses under Austrian law. The agreement comprehensively addresses the division of matrimonial assets, financial arrangements, spousal maintenance, and where applicable, child custody and support arrangements. It must comply with the Austrian Civil Code (ABGB) and related family law regulations, requiring court approval to become legally effective. This document serves as the foundation for the formal dissolution of marriage and establishes the framework for post-divorce obligations and rights of both parties.

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What is a Marital Settlement Agreement?

The Marital Settlement Agreement is a crucial document in Austrian divorce proceedings, typically used when spouses agree to divorce by mutual consent (Einvernehmliche Scheidung). It becomes necessary when married couples decide to formally end their marriage and need to document their agreement on all relevant aspects of their separation. The document must adhere to Austrian legal requirements and typically includes comprehensive provisions for property division, financial arrangements, spousal support, and if applicable, child-related matters. This agreement is particularly important as it forms the basis for the court's divorce decree and requires judicial approval under Austrian law. It serves both as a current settlement document and as a future reference point for enforcing agreed-upon terms, making it essential for establishing clear, legally binding post-divorce arrangements.

What sections should be included in a Marital Settlement Agreement?

1. Parties: Full legal names and details of both spouses

2. Background: Information about the marriage, separation date, and intention to divorce

3. Definitions: Key terms used throughout the agreement

4. Divorce Proceedings: Agreement to proceed with divorce and related commitments

5. Division of Matrimonial Property: General principles and approach to property division

6. Financial Disclosure: Confirmation of full financial disclosure by both parties

7. Real Estate: Distribution and handling of real property

8. Personal Property: Division of household items, vehicles, and personal effects

9. Bank Accounts and Investments: Division of financial accounts and investment assets

10. Debts and Liabilities: Allocation of joint and individual debts

11. Pension and Retirement Benefits: Division of pension rights and retirement accounts

12. Spousal Maintenance: Terms of any spousal support arrangements

13. Tax Provisions: Handling of tax matters and obligations

14. Future Dispute Resolution: Process for resolving future disagreements

15. Implementation: Practical steps for implementing the agreement

16. Final Provisions: Governing law, severability, and entire agreement clauses

What sections are optional to include in a Marital Settlement Agreement?

1. Child Custody and Access: Required if the couple has minor children - arrangements for custody, visitation, and decision-making

2. Child Support: Required if the couple has minor children - details of child support payments and arrangements

3. Business Interests: Required if either party owns business assets - handling of business ownership and interests

4. Inheritance Rights: Optional section addressing any inherited assets or future inheritance expectations

5. Insurance Arrangements: Optional section covering life, health, or other insurance policies

6. Pets: Required if the couple has pets - arrangements for pet custody and care

7. International Assets: Required if the couple has assets in multiple countries

8. Future Education Costs: Optional section for agreements regarding children's future education expenses

9. Religious Divorce: Required if the parties need to address religious divorce requirements

What schedules should be included in a Marital Settlement Agreement?

1. Schedule A - Real Estate: Detailed listing and description of all real estate properties

2. Schedule B - Personal Property Division: Comprehensive list of personal property items and their allocation

3. Schedule C - Financial Assets: Detailed inventory of bank accounts, investments, and other financial assets

4. Schedule D - Pension and Retirement Accounts: List of all pension and retirement accounts with division details

5. Schedule E - Debts and Liabilities: Comprehensive list of all debts and their allocation

6. Schedule F - Insurance Policies: List of all insurance policies and their disposition

7. Schedule G - Business Assets: Detailed description of business assets and their valuation

8. Schedule H - Children's Arrangements: Detailed parenting schedule and specific arrangements for children

9. Appendix 1 - Financial Disclosure Statements: Sworn financial statements from both parties

10. Appendix 2 - Valuation Reports: Any professional valuation reports for significant assets

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

Jurisdiction

Austria

Publisher

Genie AI

Cost

Free to use

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