Document background
A Property Settlement Agreement Not Married is essential when unmarried individuals who have acquired shared assets decide to separate or formalize their property rights. This document, governed by state-specific property and contract laws in the United States, provides a comprehensive framework for dividing real estate, personal property, financial assets, and debts. It helps prevent future disputes by clearly documenting ownership rights, responsibilities, and mutual releases of claims. The agreement is particularly important in states where common law marriage isn't recognized and for couples who have cohabitated long-term without marriage.
