What is a marital settlement agreement?

A marital settlement agreement (also known as a marital dissolution agreement) is a contract between two parties in a divorce case. It is a legal document that captures the outcome of negotiations between the two parties. The agreement is binding and enforceable by the court. In Arizona, a marital settlement agreement typically sets out the terms of the divorce, including the division of assets and debts, child and spousal support, and other matters such as custody and visitation. It is important to note that a marital settlement agreement is a contract between the parties so all terms must be agreed upon before the document can be signed and submitted to the court. The marital settlement agreement may also address aspects such as the modification and termination of spousal support, the payment of attorney’s fees, and the waiver of property rights. Even though these matters may not be discussed in the initial divorce proceedings, the agreement can still address them. In Arizona, once the parties have signed the agreement, it must be verified by a notary public and filed with the court as part of the divorce paperwork. After that, the agreement will become part of the judgment and is legally binding. Marital settlement agreements provide an efficient and cost-effective way of resolving disputes in a divorce.

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What is a marital settlement agreement?

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