What is a marital dissolution agreement?

A marital dissolution agreement is a legal document outlining the terms of a divorce in South Carolina. This agreement is mutually agreed upon by both parties, and it is usually prepared and signed before the final divorce decree is issued. It outlines the terms of the divorce, such as who will keep the family residence, joint accounts, and how any remaining assets and debts will be divided. It may also include a spousal and/or child support agreement, as well as the division of any bank accounts, retirement accounts, investments, and other assets. The marital dissolution agreement helps to avoid lengthy legal proceedings, and to ensure that both parties feel they have been treated fairly. The agreement is signed by both parties and is seen as legally binding. As a result, it is important that both parties are present during the negotiation process and that each fully understands the terms of the agreement. In South Carolina, the agreement must be signed and notarized before it is presented to the court. Once the agreement has been signed and presented to the court, the court will issue a final divorce decree, and the divorce is complete.

Related FAQs

What is the difference between a contested and uncontested divorce?
How does a court decide who gets custody of the children in a divorce?
What is mediation in a divorce?
What is a divorce decree?
What is the difference between an uncontested and contested divorce?
Who pays for the divorce?
What is a legal separation agreement?
What is a post-divorce modification?
What factors will a court consider when granting a divorce?
What is a collaborative divorce?

What is a marital dissolution agreement?

Related FAQs

Related Blog Posts