Marital Settlement Agreement for Dissolution of Marriage Florida: What You Need to Know

Going through a divorce can be a stressful and complicated process, but it doesn`t have to be. In the state of Florida, couples who have decided to end their marriage can work together to create a Marital Settlement Agreement (MSA) to help them through this difficult time.

What is a Marital Settlement Agreement?

A Marital Settlement Agreement is a legal document that outlines the terms and conditions of a divorce. This agreement is created by the divorcing couple and must be approved by the court before the divorce can be final.

The purpose of the MSA is to help the couple resolve any issues related to the dissolution of their marriage, such as division of property, spousal support, child custody, and child support. This agreement allows the couple to negotiate and come to an agreement on these issues rather than having the court decide for them.

What is Included in a Marital Settlement Agreement for Dissolution of Marriage Florida?

In Florida, a Marital Settlement Agreement must include the following:

1. Property Division: This section outlines how the couple`s assets and debts will be divided. It should include a list of all assets and debts, as well as how they will be distributed between the parties.

2. Alimony: If one spouse is entitled to spousal support, this section should outline the amount, duration, and conditions of the support.

3. Child Custody: If the couple has children, this section should outline who will have custody of the children and how parenting time will be divided.

4. Child Support: This section should outline the amount of child support that will be paid, as well as how it will be calculated.

5. Other Issues: This section can include any other issues that need to be addressed, such as the division of retirement accounts or life insurance policies.

Advantages of a Marital Settlement Agreement

A Marital Settlement Agreement can provide several advantages over going to court, including:

1. Cost-effective: Going to court can be expensive. By negotiating and coming to an agreement, couples can save money on legal fees and court costs.

2. Quicker process: When the couple comes to a mutual agreement on all issues, the court process can be quicker and less stressful.

3. Customizable: The couple can customize the agreement to fit their specific needs and circumstances.

4. Avoids hostility: By working together to come to an agreement, the couple can avoid the hostility that often comes with court battles.

Conclusion

In summary, a Marital Settlement Agreement for Dissolution of Marriage Florida can provide couples with an effective way to resolve any issues related to their divorce. By creating an agreement that sets out all of the terms and conditions, divorcing couples can minimize the amount of time and stress involved in the divorce process. If you are going through a divorce in Florida, consider working with your spouse to create a Marital Settlement Agreement. It can be a very effective and beneficial way to dissolve your marriage.