What the settlement agreement covers
A marital settlement agreement, separation agreement, agreement incident to divorce, or property settlement agreement records the spouses agreed terms. The name varies, but the purpose is similar.
- Who keeps the home, lease rights, vehicles, personal property, accounts, and retirement interests.
- Who pays mortgages, credit cards, loans, taxes, medical debt, and other obligations.
- Whether spousal support applies, including amount, timing, duration, and ending events.
- Parenting, custody, support, insurance, childcare, and tax provisions when minor children are involved.