Where two parties enter into a marital settlement agreement, and where performance of the agreement is carried out, notwithstanding the dismissal of the divorce proceedings, the agreement is a valid allocation of marital and non-marital property rights.
The husband’s assumption of car loan payments was in the nature of a property settlement in lieu of maintenance and did not terminate when the wife remarried, because the judgment provided that the husband would pay the loan according to its current schedule, the loan was for a specific sum to be paid over a specific period of time, except for the husband’s payment of the marital debts, each party would surrender all claims to maintenance and all claims to the property of the other spouse, the marital property was divided by the court giving consideration to whether the appointment was in lieu of maintenance, and neither the label attached nor the method of payment prescribed in the judgment conclusively determined the nature of the award.
Where the parties to a divorce have voluntarily adjusted their property rights and their agreement is then incorporated into a judgment, the parties are bound by the settlement; however, such an agreement of the parties will be vacated for fraud, coercion or if the settlement is unfair, inequitable and unjust.
Unless plaintiff established special equities in defendant’s property, she was not entitled to both a lump sum settlement and periodic support payments.