What is a marital settlement agreement?

A marital settlement agreement (MSA) is a document that outlines the terms and conditions of a divorce in Delaware. The MSA spells out how assets and liabilities are to be divided, spousal support, and child support and custody. It is usually negotiated between the divorcing spouses and their attorneys, and then signed by both spouses and a judge. The MSA must include all aspects of the divorce that must be addressed, such as the division of property, debts, alimony, and child support. It must also include language addressing the current enforcement of the MSA, such as how disputes may be handled in the future. Once the parties agree to the MSA, it must be signed by a judge as part of the divorce decree. Once the MSA is approved, it becomes binding upon the parties. The MSA is a legally binding document that cannot be modified unless both parties agree to modifications in writing. The MSA is an important document in collaborative divorce law in Delaware. It serves to outline the terms and conditions of a divorce in a way that is legally binding and enforceable. It provides clarity and security for both parties, ensuring that both of their best interests are taken into account.

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What is a marital settlement agreement?

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