What is a divorce agreement called?
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What is a divorce agreement called?
Marital Settlement Agreement (MSA). The purpose of a divorce settlement agreement is to memorialize any agreements reached between divorcing (or separating) spouses as to child custody, child support, alimony (also referred to as spousal support or maintenance), and the division of property.
Can you divorce without a property settlement?
A property settlement is the formal division of property following a couple separating. You must wait 12 months from the date of separation before you can apply for a divorce. You can formalise your property settlement without applying for a divorce.
What is an amicable divorce settlement?
An amicable divorce means a civil divorce, where both spouses agree to property division, spousal and child support, visitation and custody. It may not mean that the former spouses are friends when it’s over. It does mean the spouses don’t fight and enter an agreement reasonably, without litigation.
