Marital Settlement Agreement
A written contract between divorcing spouses that resolves all issues including property division, custody, and support.
Understanding Marital Settlement Agreement
A marital settlement agreement (MSA), also called a separation agreement or divorce settlement, is a comprehensive document that outlines all terms of the divorce. Once signed by both parties and approved by the judge, it becomes part of the final decree and is legally enforceable. An MSA typically covers property division, debt allocation, spousal support, child custody and visitation, child support, insurance, tax filing, and any other relevant matters. Having attorneys review the agreement before signing is strongly recommended.
Real-World Examples
After three months of mediation, they reached a marital settlement agreement covering the house, retirement accounts, custody schedule, and child support.
Related Terms
The court order that officially ends a marriage, resolving all issues including property division, custody, and support.
JudgmentThe official court decision that resolves the divorce case, incorporating all orders regarding property, custody, and support.
MediationA voluntary process where a neutral third party helps divorcing spouses negotiate and reach agreements on disputed issues.
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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.
Always consult a licensed attorney in your area for advice specific to your situation.