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Marital Settlement Agreements

A Marital Settlement Agreement is a contract used in uncontested divorces that divides property, assets and debts of a marriage. It spells out the rights of both parties, and settles issues of child custody and spousal alimony. This contract is also known as a “property settlement agreement,” a “marital separation agreement,” or a Divorce Settlement Agreement.

Different states have different divorce procedures, which you should follow before writing your Marital Settlement Agreement. However, any settlement agreement should cover the  following:

  • Child custody and visitation
  • Child support
  • Spousal support
  • Division of property
  • Division of assets
  • Division of household items and valuables
  • Division of debt
  • Division of credit
  • Resolution of health care
  • Legal name change

If the judge decides that the settlement agreement is fair to both parties (note: “fair” does not necessarily mean “equal”), he or she will approve your divorce as outlined by the terms of the settlement.

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