What is a marital settlement agreement?

A marital settlement agreement is an agreement between two spouses who are ending their marriage and wish to settle their divorce without going to court. The agreement lays out the terms of the divorce, including child custody, alimony, and property division. It is typically drafted by the couple’s attorneys and is signed by both spouses. In Alaska, this type of agreement is called a Collaborative Divorce Law agreement. It is a non-adversarial process in which the couple’s attorneys work closely together to craft a mutually acceptable agreement. A Collaborative Divorce Law agreement is legally binding and can be enforced by the court. The agreement should specify who will receive property, whether one spouse must pay spousal support, and who will have primary custody of any children. It might also cover how parental responsibilities will be divided, how child support will be calculated, and how the couple will handle taxes and other financial matters. The agreement should be thorough and detailed to protect both parties and to make sure that each spouse is receiving the full benefits of the agreement. In Alaska, a Collaborative Divorce Law agreement must be filed with the court and reviewed by a judge to ensure that all of the terms are fair and reasonable.

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What is a marital settlement agreement?

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