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Marital Settlement Agreement

Not all divorces have to be acrimonious. It is possible for a couple facing divorce to save time and money by agreeing to a marital settlement agreement. The Broward County law office of Arica L Braaten P.A. can answer any questions about whether or not this option might be right for you

A marital settlement agreement is essentially a contract that outlines the terms of the divorce, including equitable division of assets and debts, spousal support obligations, and other issues that the parties agree to. Typically issues involving children are not included in the marital settlement agreement, but instead are included in a parenting plan. The parenting plan contains the parties proposed agreements for parental responsibility, time sharing, financial support and any other relevant issues, and is usually included along with the Marital settlement Agreement. Once the parties have come to agree on all of the issues and finalized the proposed Marital Settlement Agreement is submitted to the court where a judge will rule on it. If judge approves, then a short final hearing is conducted and the bonds of marriage are dissolved.

The marital settlement agreement can be very beneficial to the parties involved because instead of fighting battles in court they are working together and with their attorney saving time, money and heartache. Additionally because the terms of the divorce have been pre-arranged by the parties there is only need for one court appearance

It is important to understand that when a final judgment is issued by the court, the terms agreed upon in the marital settlement agreement and possibly the parenting plan become permanent, binding and enforceable. This means that if one of the parties involved in the agreement fails to comply with part or all of the agreement, the court can compel them to comply by using their powers of sanctioning for contempt. Because of the serious potential impact on the parties, it is imperative that you have someone who is skilled in both negotiating and drafting the marital settlement agreement to ensure that your immediate and future needs and desires are properly protected. Contact our Deerfield Beach law office at (954) 380-6000 for a free consultation about your marital settlement agreement, and how our expertise and experience can benefit you.