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Marital Settlement AgreementsThe Marital Settlement Agreement (MSA) sets out the terms of your
divorce or legal separation. It details, in language acceptable to the court, the
division of property and debts, the physical and legal custody arrangements for any children, provis- Divorcing or separating couples don’t have to create an MSA to complete their divorce or separation. They can instead pursue litigation in which either they or their attorneys plead their cases in front of a judge. The judge will then decide the terms of settlement. Of these two approaches — litigation versus settlement through an MSA — judges prefer the latter. The MSA relieves the court of a great deal of work. And judges generally believe that the divorcing or separating couple, not the court, is foremost responsible for the terms of their divorce or separation. Creating a Marital Settlement AgreementIt’s a simple three-step process: 1. The first step is mediation. We’ll guide you through all the issues of the divorce. Three to five sessions are typically sufficient. You may consult attorneys and other specialists (accountants, appraisers, and so on) before, during, or afer each session for advice and expertise. 2. Once you’ve reached agreement, the mediator drafts a Memorandum of Understanding (MoU). This document describes the settlement in language that’s clear to both parties. The parties may review the MoU with their respective attorneys and make any changes as necessary. 3. An attorney or a registered and bonded Legal Document Assistant/Paralegal (LDA) prepares the MSA according to the terms indicated in the MoU. You may use any attorney on whom you both agree for the preparation of your MSA. You may alternatively use our attorney-in-residence, Katherine Burke, J.D., an independent attorney with Burke Family Law. The parties/attorneys review the MSA, which, when signed by the parties, may be filed with the court (as an attachment to form FL-180) and incorporated into the final decree of dissolution of marriage or legal separation. Alternatively, they may ask an attorney or Legal Document Assistant to file the MSA for them. Durability and Modification of an MSAParties who pursue divorce litigation usually expend a lot of energy attacking their spouse and defending against counter-attacks. They consequently have little opportunity to develop a durable settlement that meets the needs of both parties. Mediation, in contrast, provides every such opportunity. Even the most far-sighted and flexible mediated settlements, however, occasion- |
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