A marital settlement agreement in divorce usually refers to a document that incorporates or memorializes all of the agreements of the parties regarding custody, visitation, property, support issues, and a lot of what we call “boilerplate language” in it that also takes care of waivers, disclosures, and other requirements of the law. Usually, the MSA (marital settlement agreement) is negotiated by the attorneys with their clients included. It is then signed off and incorporated or attached to a judgment cover page and submitted to the court with other documents. When the judge signs it, it becomes the agreement of the parties and binding in law subject to criminal or civil penalties if you don’t abide by it.
- What is a marital settlement agreement in a divorce?