What is a MSA & why is it important?
A Maryland marital settlement agreement is a contract that determines the terms between a couple in dividing their property, assets, and other interests following divorce. If one party is to be awarded alimony, child support, and/or child custody, these terms must be covered in the document as well. By entering into an agreement, the couple can apply for an uncontested divorce, which accelerates the legal process and avoid a scenario in which the judge will determine custodial rights, alimony/child support, and the division of the marital property. Although it is not mandatory, it is recommended that couples obtain legal counsel when drafting a marital settlement agreement to ensure that the contract is fair to both parties and will stand up in court.
Fanning Law is highly experienced in drafting and executing a Martial Settlement Agreement for the residents of Southern Maryland. Our office can help you too, by assisting the process of separation and divorce, we are skilled in speeding up the actions of what could possibly become a lengthy process. With the cost of living on the rise, our office understands that the financial burden of a lengthy court divorce. Let us help you with your legal needs.