Marital Settlement Agreement

What is a Marital Settlement Agreement?

A marital settlement agreement is a contract that outlines the terms of a divorce and the requirements of both parties after the divorce. The agreement should cover issues such as child custody, visitation, handling debt, paying mortgages, and spousal support.

Do I Have to Have a Marital Settlement Agreement?

Legally, no, but it's a good idea. First of all, it shows the court that you through this through and it cuts down on the issues that will needed to be decided on by a judge. Second, a written agreement will work I your favor, should your spouse renege on promises made once the divorce is final.

See Also Separation Agreement