Marital Settlement Agreements

Marital Settlement Agreements

A Marital Settlement Agreement is a written agreement, which outlines how property and child expenses are divided.  The Marital Settlement Agreement is also known as an “MSA.”   An MSA outlines the rights and responsibilities of a husband and wife on issues such as spousal maintenance or otherwise known as “alimony” or “spousal support.”  The Marital Settlement Agreement also outlines how payments such as child support, daycare, educational, extracurricular expenses will be split. Liabilities are also summarized in a marital settlement agreement.

Here are the different issues that in a Marital Settlement Agreement:

  • Child Support
  • Child’s Medical, Dental, and Related Expenses
  • Post-High School Educational Expenses for Children
  • Elementary and Secondary School Expenses
  • Daycare Expenses
  • Property Settlement
  1. Retirement and Pension Accounts
  2. Financial and Bank Accounts
  3. Real Estate
  4. Motor Vehicles
  5. Stock and Securities
  6. Non-Marital Property
  7. Household Items and Personal Property Items
  • Debts and Liabilities
  • Health Insurance
  • Attorney’s Fees
  • General Provisions

The Marital Settlement Agreement is a settlement agreement that outlines the financial settlement.  The financial settlement explains how spousal support, child support, marital assets and liabilities are allocated.  Generally, a Marital Settlement Agreement must be accepted by the divorce court judgment.  Thus, the Marital Settlement must be fair and equitable.  The Marital Settlement Agreement is an enforceable contract, enforceable by the divorce court.  

Experienced Divorce and Child Custody Attorneys:  Marital Settlement Agreements and Custody Judgments

Sean Robertson and Robertson Legal Group, LLC is a premier divorce and family law firm concentrating in the areas of dissolution of marriage, divorce and complex divorce proceedings, and post-judgment divorce proceedings.  Our law firm handles simple to complicated divorce and custody proceedings in the Chicago Suburbs of DuPage County, Will County, Kane County, Kendall County, and Grundy County.  Sean Robertson is the Principal of Robertson Legal Group, LLC.  Robertson Legal Group, LLC provides effective legal representation.

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