Illustrative agreements.

An action for divorce is now pending between the parties in the _________ Court of _________[county, state], in Cause No. _________;

In the event a decree for divorce is entered and the marriage of the parties is dissolved, the parties desire to settle all rights to alimony and the rights of each of the parties in the property of the other or in jointly owned property, and of fixing the custody of the children of the parties and their support.

Therefore, when a decree for divorce is entered dissolving the marriage existing between the parties, the parties agree:

(1) That husband will pay to wife $_____ per month as alimony, which payments shall continue throughout the life of _________, or until the death of husband;

(2) Husband shall pay to wife $_____ in cash for all of wife's stock in _________ Company, which payment shall be in full satisfaction of all of wife's interest of any kind or character in the corporation. This obligation may be discharged by husband by the corporation redeeming wife's stock for $_____;

(3) Wife's interest in the home of the parties at _________[address], shall be divested out of _________ and vested absolutely and in fee simple in husband, _________, in consideration of which husband will pay wife $_____ in cash and shall execute a note in the principal sum of $_____ due 10 years from the date of the entry of divorce decree with interest at _____% per annum payable annually to wife or the holder of the note. Husband shall have the right to prepay this note or any part of it at his option;

(4) Husband shall have custody of the children of the parties and shall support them, but wife shall have the right to have the children visit with her at reasonable times. The right to change the custody of the children shall be retained by the court and shall be subject to the future orders of the court;

(5) Husband shall have title to all furnishings in the property known as _________[address], with the exception that wife shall be entitled to all wedding gifts, items that she needs for her personal use and items of personal property for which she has a sentimental attachment;

(6) The automobile which was used by wife shall be her absolute property.

It is understood and agreed that upon entry of a divorce decree dissolving the marriage this agreement shall be incorporated in such decree, and that each party will execute all documents, instruments, deeds and contracts necessary to effectuate the purposes stated in this agreement.

It is further understood and agreed that neither party shall have any other rights in any property of the other except as expressly stated in this agreement, and that this agreement is a final and complete settlement of all marital rights or other rights in property which either of the parties may have.