What is a marital settlement agreement?

A marital settlement agreement is an important document that is part of the divorce process in California. It is a legally binding contract between spouses that outlines the terms of their divorce, such as division of property, custody and visitation of children, and alimony payments. The agreement is signed by both parties and their attorneys and then submitted to the court for approval. The agreement will address any unresolved issues that could not be settled through mediation or negotiation, such as division of marital assets, spousal support, and division of debt. It will also outline any arrangements made for the care and custody of any minor children. Marital settlement agreements are important because they keep the parties from having to appear in court and avoid a lengthy trial. The agreement also ensures that the divorce is finalized without further delay or appeals. If both parties are in agreement and the terms are deemed fair by the court, the marital settlement agreement will be approved and become part of the divorce decree. It is best to have a family law attorney prepare the agreement to ensure that it is legally sound. This will also help ensure that the agreement is fair and equitable to both spouses.

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