What is a marital settlement agreement?

A marital settlement agreement, also known as a settlement agreement or a separation agreement, is an agreement between two spouses who are planning to divorce. It is a legally binding contract that outlines the terms of the dissolution of the marriage. The agreement must be approved by both spouses and is usually outlined and approved by an attorney. In Ohio, a marital settlement agreement typically includes details about spousal support, child support, division of assets and debts, health insurance for the parties, and visitation and custody arrangements. It may also include other matters such as any taxes owing or how the parties will handle future financial matters. The marital settlement agreement can be a critical document in Collaborative Divorce Law. This document is important to help ensure the terms of the divorce are understood and agreed upon by both parties. It can also help avoid potential conflict and costly legal battles resulting from the divorce. This document can protect both spouses in a divorce, providing clarity and peace of mind.

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What is a marital settlement agreement?

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