STATE OF NEW MEXICO
COUNTY OF ____________________________
____________________ JUDICIAL DISTRICT

_____________________________________
Petitioner

v.                                No. ______________

_____________________________________
Respondent

    _________________________ (husband's name) and _______________________ (wife's name) are married. We agree to this entire agreement. We will each follow this agreement beginning on the day we both sign it. We understand that the judge may make changes to this agreement and that we must comply with any changes made.

PROPERTY WE ARE DIVIDING3

    Anything that one of us buys after we have both signed this agreement will belong only to that person. Any money that one of us borrows after we have both signed this agreement will be the debt of, and owed by, that person only. We understand that this agreement may not bind creditors.

1.     Property. We have divided all of our property that we know about between us. We attach a Property List (Attachment A) showing property that we are keeping so that we have a written list of the items we have divided.4

(Choose either A or B)

    [ ]    A.    Each of us already has possession of all the personal property (such as clothing, furniture or artwork) that we each expect to receive. All assets that list one of us as owner are in the name of the person who is entitled to receive them.

    [ ]    B.    We will make sure that each of us has our own property by _______________ (date).

[ ]    Check here if one of these assets is a retirement or

savings plan like an IRA, a retirement account, pension plan or 401(K) plan.5

2.    Home ownership (Choose A, B or C)6

    [ ]    A. We do not own a home, mobile home or lot together. (Go to Section 4.)

    [ ]    B. We owned a home, mobile home or lot together but have sold it. We have divided the money from the sale like this: _______________________________. (Go to Section 3 "Dividing the home or lot we own").

    [ ]    C. We own a [ ] home [ ] mobile home [ ] lot
        [ ] building together. (Go to Section 3, "Dividing the home or lot we own".)

3.    Dividing the home or lot we own

    (Complete the correct section: A. Keep the home,
    B. Sell the home or C. Other plan.)

    [ ]    A.     Keep the home.

    (Choose 1)

    [ ] Husband shall keep the home.
    [ ] Wife shall keep the home.

    The person who keeps the home is called the "homeowner". The other person is called the "moving spouse".

    (Check all that apply.)

    [ ] Each of us has money invested in the home. The amount owed to the moving spouse to buy out that person's interest is $____________.

    [ ] The homeowner will apply to refinance the home within _____ [days] [months] [years] (Complete and circle one).

    [ ] Here is our plan for buying out the person who is moving from the home or getting that person off of the loan papers:
    _____________________________________________________
    _____________________________________________________
    _____________________________________________________.

    [ ]    B.     Sell the home.

    We are going to sell the home and divide the money from the sale as follows: ________________________________
    _____________________________________________________.

    While the home is being sold, [ ] husband [ ] wife will stay in the home.

    Until the home sells, we will pay expenses, including utility bills for the home as follows (who is to pay and how much each person will pay): _______________
    ____________________________________________________.

    We both will cooperate with the showing of the home and the sale of the home, including signing all paperwork needed in order to sell it and transfer title6. Both of us will preserve the home in a reasonable way including the following things:
    ______________________________________________________
    _____________________________________________________.

    [ ]    C.     Other plan. We have attached a separate sheet with our plan regarding the home.

4.     Vehicles.7

    (Choose A or B)

    [ ]     A. We do not have any motor vehicles.

    [ ]    B. We have motor vehicles and are dividing them as follows:

    Husband will keep the following vehicles: (describe each vehicle and list the vehicle identification number):

    Vehicle        Vehicle Identification No.    Notes
    ___________    __________________________    __________
    ___________    __________________________    __________
    ___________    __________________________    __________

    Wife will keep the following vehicles: (describe each vehicle and list the vehicle identification number):

    Vehicle        Vehicle Identification No.    Notes
    ___________    __________________________    __________
    ___________    __________________________    __________
    ___________    __________________________    __________

    Each person listed above as keeping the vehicles will pay for the costs of the vehicles, including insurance. The parties will transfer title as needed.7

DEBTS WE ARE DIVIDING3

1.     Debt. Any debt not listed is the responsibility of the person who created it. Each of us will pay debts we created prior to our marriage, unless we state differently here. Unless we state differently here, a person who takes property (such as a house or car) with a debt associated with it, that person will take the debt3. (Choose A or B)

    [ ]    A. We have no debt from our marriage.

    [ ]    B. We attach a debt list (Attachment A) showing the debts we each will pay.

2.     Credit cards and charge cards. Each of us will turn in and cancel all joint credit cards or we will have the credit card company take the other person's name off of the account.

3.     Taxes. Each of us will file separate returns for this tax year. We will share information necessary to correctly file our income tax returns. We will get the help we need to file our taxes.8

4.     Problem with tax returns. If any of our returns that we filed together are audited or contested, we will meet to decide what to do. If we cannot decide who pays the taxes owed or who gets any refund, we will ask a judge to decide at the time the problem comes up.

5.     Legal promise. Each of us makes the following legal promise: Our debts have been divided in a fair way. I will pay the debts listed under my name on the debt list. If I don't, my spouse may be forced to make that payment. I must pay back my spouse for that payment and other extra costs (like lawyer fees) spent by my spouse because I failed to pay.

SPOUSAL SUPPORT

    (Choose either A or B)
    [ ]    A. No spousal support. Each of us can support ourselves and neither will pay spousal support to the other. (Go on to Section 5.)
    [ ]    B. Spousal support8.

    [ ] Husband [ ] Wife will pay spousal support to the other spouse for the following reason:
    ______________________________________________________.

    Payment method. It will be paid as follows:

    (Choose A or B)
    [ ]    A.    $_______________ per month on __________ (date each month) for ________________ (period of time) or until the court says differently.
    [ ]    B.    Here is our other plan: ____________________
        ________________________________________________

     Tax deduction.

    (Choose A or B)

    [ ]    A.    The person paying the support will deduct the payments on [his] [her] income tax return. The person receiving the support will show the support as income on [his] [her] income tax return. The support will end if the person to receive the support dies.

    [ ]    B.    The person paying the support will not deduct the payments on [his] [her] income tax return. The person receiving the support will include the payment as income on [his] [her] income tax return.8

OTHER STATEMENTS BY PARTIES

1.     Good faith disclosure. I, the husband, and I, the wife, state under oath that we have disclosed all assets and debts that we are aware of. We discussed and exchanged documents giving important information about the issues in this agreement. Each of us has relied on that information.

2.     Documents. We will each sign the documents we need to divide the property.

3.     Future issues.9

    A.     Completing the agreement. If:

        (1)    one of us does not do what we said in this agreement; or

        (2)    we cannot agree on what this agreement says,

either of us may ask the judge to decide the issue. The judge may make one party pay costs such as attorney fees.

    B.     Things left out of the agreement. If we forgot or failed to list any property or debt, we will seek the help we need in order to include the property or debt in our agreement.10

4.     Final agreement. After signing this agreement, neither of us can later claim that we agreed to something different from either

    A.    what is in this agreement; or

    B.    a signed written change.

    I have read this agreement and agree with everything in it; I have read the warnings and cautions listed in this agreement;

    I have gotten the help I needed before signing this agreement; and this document and the statements in it, are true and correct to the best of my knowledge and belief.

    I understand that I can be punished both civilly and criminally if any information in this agreement is false.

__________________________    __________________________
Husband's signature            Wife's signature

Address: __________________    Address: _________________
___________________________    __________________________

Telephone:________________    Telephone: _______________

STATE OF NEW MEXICO            )
COUNTY OF _____________        ) ss.

Acknowledged, signed and sworn to before me this _____ day of _____________, _____ by ______________________, the husband.

________________________________
Notary public

My commission expires: _______________________.

STATE OF NEW MEXICO            )
COUNTY OF _____________        ) ss.

Acknowledged, signed and sworn to before me this _____ day of _____________, _____ by ______________________, the wife.

________________________________
Notary public

My commission expires: _______________________.

     Husband                    Wife
Item            Value        Item            Value

1. __________    _________        ____________    ________

2. __________    _________        ____________    ________

3. __________    _________        ____________    ________

4. __________    _________        ___________    ________

Creditor and last four numbers of the account11    Amount

1. __________________________________________    $______

2. __________________________________________    $______

3. __________________________________________    $______

4. __________________________________________    $______

Wife's debt. I, the wife, will pay these debts, including credit cards:

Creditor and last four numbers of the account11    Amount

1. __________________________________________    $______

2. __________________________________________    $______

3. __________________________________________    $______

4. __________________________________________    $______

    1.    This form is used if the parties own a home, mobile home, motor vehicle, retirement plan or if spousal support is to be paid. Use Domestic Relations Form 4A-311 NMRA for other divorce proceedings. See Domestic Relations Form 4A-204 NMRA for additional information relating to completing and filing this form.

    2.    It is highly recommended that you see an attorney or tax professional. There can be serious consequences, including tax consequences, for not properly transferring assets, especially retirement accounts. You may need separate documents to transfer divided assets.

    3.    This agreement does not affect the rights of creditors even when approved by the court as part of the final decree. See an attorney if you have questions about separate and community debts and separate and community property.

    4.    There can be serious tax consequences resulting from certain divisions of assets or debts. It is highly recommended that you see a professional about all property issues.

    5.    If the parties are going to divide a retirement plan, contact the retirement plan before completing and filing this form.

    6.    To transfer land, a building or a home other than a mobile home, the parties must prepare, sign and record a deed in the real property records where the property is located. To transfer a mobile home, contact the Motor Vehicle Division or see a

professional.

    7.    To transfer motor vehicles, contact the Motor Vehicle Division or see a professional.

    8.    There can be serious tax consequences resulting from certain divisions of assets or debts and spousal support. See a tax professional for advice.

    9.    See an attorney if difficult problems arise later.

    10.    Each person should see an attorney to discuss what to do in this situation.

    11.    This document is a public document. Do not list the full account number for any credit card or other loan information that you would not want to make public.

[Approved effective November 15, 2002.]