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19+ Sample Material Settlement Agreements
Sample Marital Settlement Agreementdownload now
Marital Settlement Model Agreementdownload now
Marital Settlement Agreement for Dissolution Marriagedownload now
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Final Marriage Settlement Agreementdownload now
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Modifications Marital Settlement Agreementsdownload now
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Professional Marital Settlement Agreementdownload now
What Are Marital Settlement Agreements?
A marital settlement agreement or divorce settlement agreement is part of a divorce contract where properties and liabilities that both the couple own will be split. And the agreement aims to settle various elements such as custody, child support, alimony, etc. And in filing for a divorce, a marital settlement agreement will also be tackled because the judge is expected to approve the agreement before issuing the decree of divorce.
According to Statista’s 2020 research survey, 2.3 out of every 1,000 population in America had a divorce.
Why Is a Marital Settlement Agreement Important?
Marital or marriage settlement agreements are essential to make sure that divorce or legal separation is processed properly and legally. In fact, did you know that 2.3 of every 1,000 population in the US had a divorce in 2020? Indeed, and to settle a divorce with an agreement that is notarized and uncontested is necessary to prevent future conflicts. And you can’t underestimate this document because it tackles the division of rights, properties, liabilities, and other legal aspects between ex-spouses.
It Takes More than Two: Parts of a Marital Settlement Agreement
While it takes two to make a wedded couple, the parts of a marital settlement agreement actually have a bunch of topics to cover. And they are crucial to talk about so that the divorce runs justifiably and peacefully, if possible. So without further ado, here are the main parts of a marital settlement agreement:
How to Create a Marital Settlement Agreement
Although every legal procedure in going through legal separation, divorce, dissolution of marriage can be intimidating, always aim to keep things in order wherein the settlement won’t make your life miserable. So after the discussion of the MSA’s definition, importance, and parts, it is time to learn the steps on how to make a marital settlement agreement:
Step 1: Use a Sample Marital Settlement Agreement
Why bother making marital settlement agreements from scratch when there are free, easy-to-use, and premade sample templates you can use to create such agreements? As seen above this article, editable and printable martial settlement agreement samples are ready to be optimized. So be sure to use these agreement templates and you can edit the format, design, and content after.
Step 2: Add the Standard Parts of MSA
Remember the basic parts of a marital settlement agreement, which were discussed earlier? Use that section as your document checklist on what parts to insert in the MSA. From the statistical information down to the effectivity date and court action, these elements slowly complete your MSA. But you can also add more relevant components such as the advisement of right to discovery, petitioner’s separate property confirmation, equalization of community property, and more.
Step 3: Review and Polish the Agreement
Don’t forget to review if the details written in the MSA are accurate and complete. Remember that it is a legal document so striking errors could be used against you in court. Also, polish the presentation and details in the agreement. Well-formatted and easy-to-read MSAs are much better than simply jumbling information into the agreement. And you can always consult an attorney to help you in processing the marital settlement agreement.
What happens after MSA?
When you and your ex have completed and agreed on an MSA, it will be submitted to the court and they will use it in judging the divorce decree for review or approval. The agreement will eventually be legally binding once approved and the parties should respect the terms written in the MSA.
Divorcing without any strategic plan for the settlement is a recipe for disaster. Remember that going through divorce alone can be physically and emotionally daunting so don’t make it worse with a disastrous settlement. And that is why the marital settlement agreement exists so the dissolution of marriage will run according to legal terms and that both parties in the process would respect the agreement itself. Download a sample marital settlement agreement now!