The Benefits of a Marital Settlement Agreement in Divorce
Latrice Knighton is a member of the Sterling Law Offices partner team and an award-winning divorce attorney, life coach, and speaker. She helps clients resolve their problems by using legal techniques and smart tactics learned through decades of experience as well as helping clients by offering the best practical advice.
The goal of a marital settlement agreement is to avoid a costly trail and get the best outcome that suits each party. This is accomplished by clearly and concisely outlining the terms of your divorce.
Although creating compromises are not always ideal, the settlement agreement allows a person to have their voice heard and considered when going through the process of divorce. There are two different kinds of forms, one is a marriage settlement agreement with minor kids and the other one is without.
Who creates the marital settlement agreement and when?
An attorney will draft the agreement, which will outline all the agreed solutions to custody, placement, assets, debts, and liabilities prior to trial.
What topics are addressed in a marital settlement agreement?
- Personal Property
- Alimony / Maintenance
- Child Custody
- Child Placement
- Child Support
- Life Insurance
- Health Insurance
- Court Costs & Fees