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Marital Settlement Agreement
A marital settlement agreement (MSA) is a legal contract that defines important details like how you and your spouse intend to divide your properties, assets, and debt; how tax considerations will be handled; how any costs from the divorce will be paid; and the terms of any spousal and/or child support. The MSA can also clarify when certain payments will end, any circumstances that would require reconsideration of the terms, and how the agreement will be enforced.
Legal Separation Agreement
Similar to an MSA, a legal separation agreement outlines the terms that you and your spouse would like to put into place during a legal separation. Commonly, this agreement includes details like who is responsible for joint bills, who will live in the marital home, and how/if spousal or child support payments will be made.
A parenting agreement, also called a “custody and visitation agreement,” is the parents’ written agreement about time-share (schedule for when the children will be with each parent) and decision-making (how the parents will make decisions about their children’s health, education, and welfare). The parenting agreement is usually part of the Marital Settlement Agreement in a divorce. However, we can also assist in drafting a parenting agreement for a trial separation.
A premarital agreement (or prenuptial agreement) is a written contract prepared by two people before marriage. It typically lists all the assets each person owns (as well as any debts) and specifies their rights in the event of a divorce.
At any time during a marriage, a couple may choose to create a postmarital agreement. It may not have anything to do with separation or divorce. Similar to a premarital agreement, the document defines the assets of the marriage and how those assets (and debts) would be fairly divided in the event of a divorce. This can also include specific stipulations for support.
After a divorce, you may need to amend an agreement based on changing circumstances or unexpected needs. We can assist with modifications to any of the terms in your original agreement such as child custody, parenting agreements, child or spousal support.
Kim Mediation & Law Center
3435 Wilshire Blvd.
Los Angeles, CA 90010