What is a marital settlement agreement?

A marital settlement agreement is a legal document in which divorcing spouses in Rhode Island agree on how to divide their property, debts, child support and alimony. This document will become part of the divorce decree and as such, all terms and conditions must be agreed upon and signed off on by both spouses. A marital settlement agreement outlines the division of assets, responsibility for debts, child custody and visitation rights, as well as spousal support payments (if applicable). The agreement is drafted according to Rhode Island divorce law and must be filed with the court to become an official part of the divorce decree. The agreement is also used to establish the final terms of the divorce, which can include alimony payments, division of marital debts, and the division of marital property. The marital settlement agreement serves to avoid the need for litigating a divorce in court, since all terms and conditions are agreed upon in advance. It also allows divorcing spouses to retain more control over the outcome of their divorce, as well as to customize the divorce order to meet their individual needs. In some cases, the agreement may also be used to resolve disagreements between the spouses before their divorce is finalized.

Related FAQs

What is a mediation divorce?
What is an uncontested divorce?
How do I properly serve divorce papers?
What is a divorce lawyer?
What are equitable distribution of property laws?
What is a temporary order?
What is a prenuptial agreement?
How much is the average cost of a divorce?
What is a marital deduction?
What are the benefits of mediation for divorce?

What is a marital settlement agreement?

Related FAQs

Related Blog Posts