A marital settlement agreement, also referred to as a MSA, is an opportunity for couples to save money on the division of their assets and debts, without having a judge decide for them. If a couple is not able to come to an agreement they will spend a considerable amount more in money and time fighting the issues out in court. The trend of today’s savvy divorcing couples is to spell out their own settlement agreement terms. This means that the couple saves considerable attorney’s fees by deciding the terms for the dissolution of their marriage. They then have their attorney draft the marital settlement agreement and file it with the divorce court. By doing it this way, the couple then does not have to go to court.
Marital settlement agreements are legal contracts which define the terms of a divorce for couples with or without children. This option is available when both parties consent to the terminating conditions of their divorce and plans for the future. Conditions for an agreement can include a range of items such as: wedding debt, personal property, spousal support, child financial responsibilities, involvement of grandparents, pets,and frequent flier miles.
Couples have the freedom to decide which items are of importance and should be included in their marital settlement agreement. They become the authors of their lives after divorce; instead of being forced to accept the order of a Master or Judge after lengthy and expensive divorce litigation. If divorcing couples can find mutual ground they can tailor their agreement to their personal needs. This means saving headaches, time and money and is one way to divorce “on budget”.
There are different ways to work on a Pennsylvania marital settlement agreement with a spouse. Some couples have an initial conversation and go from there. Another option is to have one party write up a draft and then email his/her spouse, they go back and forth a few times until they have terms they feel are acceptable. Also, it’s important to keep in mind that each person will have to compromise in order to create a fair agreement. It’s very rare for a person to get everything he/she wants.
If you hire No Contest Divorce Law, LLC to draft your Pennsylvania marital settlement agreement, you will be emailed a marital settlement agreement questionnaire. Just fill out the questionnaire and No Contest Divorce Law, LLC will draft your agreement promptly. The questionnaire will help you to address important areas that you should consider. This is a good way not to overlook critical issues. You can always contact No Contest Divorce Law, LLC if you have questions about the terms of your marital settlement agreement.
In addition, couples who come to an agreement with their spouse will be spared additional emotional trauma. Divorce tends to catapult people into uncharted emotional territories where they find themselves experiencing unsettling emotions. Couples who decide to battle it out in court increase the frequency of painful episodes and often take a lot longer to emotionally heal. With an agreed upon marital settlement agreement, divorcing couples tend to emotionally recuperate quicker.
Once you and your spouse have agreed to the terms of your divorce, contact No Contest Divorce Law, LLC to file the legal paperwork at 215-398-6760 or start right away by clicking on MARITAL SETTLEMENT AGREEMENT.
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