Find The Marital Settlement Agreement That Is Best For You
Divorce proceedings can be especially taxing for individuals and families due to high court costs and the emotional stress that may result from the rulings. That’s why couples seeking a divorce should first try to determine each individual’s rights pertaining to divisions of property, assets and debt, as well as issues concerning child custody and spousal suppor (also called alimony).
One way to address these factors is by creating a marital settlement agreement.
What Is A Marital Settlement Agreement?
Also known as a marital separation agreement, a property settlement agreement or a divorce settlement agreement, a marital settlement agreement is a contract between the two divorcing parties that outlines the specifics of their legal separation.
It is created through collaboration between the two individuals as well as an attorney and helps to limit uncertainty when it comes to the results of the divorce.
Advantages of creating an airtight marital settlement include:
- There is no surprise outcome from divorce proceedings.
- Court fees are often much lower.
- Your case likely won’t take as long.
What Kinds Of Topics Does It Cover?
Marital settlement agreements are well-constructed legal documents that should outline a wide range of topics so there is as little uncertainty regarding the divorce outcome as possible. Topics that should be covered include:
- Division of credit, debt, assets, valuables and household items
- Spousal support
- Legal name changes
- Health care resolution
- Child custody, support and visitation
Your particular situation may call for addressing other topics, but most parties will find that the resolution of these core factors must be fully determined for a judge to deem the agreement fair and thus grant the divorce according to these terms.