What Is a Divorce Settlement Agreement?
A divorce settlement agreement, also known as a marital settlement agreement or martial separation agreement, outlines how you and your spouse will divide property, debt, and sometimes even pets. If done correctly, it helps avoid future court battles and brings your divorce to a final resolution. A Written Agreement That Finalizes the Details When you and your spouse agree to divorce, you need to sort out the practical parts of ending a marriage. A divorce or marital settlement agreement is the legal document that covers those decisions. It lists all of your assets and debts, explains who gets what, and includes protections to reduce the risk of disputes and litigation later on. Everything Needs to Be Listed Even if you think something belongs only to…