Picking up where we left off in Marital Settlement Agreements: A Checklist of What to Include in MSAs (Pt. 1), here are some more important items to include on checklists for marital settlement agreements.
Terms Regarding the Division of the Marital Property
These terms for marital settlement agreements should specifically include information regarding:
- What the marital property includes – This should be a detailed list of the applicable property acquired in the course of the marriage.
- What the marital property does not include – In other words, what will remain separate property and will not need to be included in the terms of the divorce.
- Details associated with the sale of any marital property – When this applies, the amount of money obtained from the sale of the property should be included.
- How the marital debt will be divided – Although debt is not an issue in every divorce, when it is something that needs to be covered by marital settlement agreements, both individuals in the divorce will need to be aware of the fact that creditors can still go after both of them regardless of what they end up agreeing to in marital settlement agreements.
Terms Regarding Child Custody
When a child is (or children are) involved in the divorce, the terms of marital settlement agreements pertaining to child custody should specifically include information regarding:
- Whether either parent will have sole legal custody of the child
- Whether either parent will have sole physical custody of a child
- Whether parents will share joint custody or some other custody split has been agreed upon
- What steps either parent must take before removing the child from the county, state and/or country
- Whether the child’s last name may be changed (when applicable).
For some final essential items to include in checklists for marital settlement agreements, be sure to look for the upcoming conclusion to this blog series.
Littleton, Colorado Divorce Lawyers at Bahr and Kreidle
If you are preparing to go through a divorce and are interested in pursuing a marital settlement agreement (as opposed to a traditional divorce), it’s time to contact the trusted Littleton divorce attorneys at Bahr and Kreidle.
Since 1983, our skilled and esteemed lawyers have been providing our clients with the highest quality legal services and helping them resolve their divorce cases as favorably and efficiently as possible.
Our lawyers know how serious and devastating divorce can be. That’s why we are committed to being here to advocate our client’s rights and help them obtain the best possible outcomes to their divorce cases.
Let’s Talk about Your Rights – Contact Us for a Free Consult
To learn more about your options for marital settlement agreements, contact us today to set up a free, no obligations initial consultation. You can set up a meeting by calling us at (303) 794-7422 or by emailing us using the form on this page.
From our law offices in Littleton, we represent clients throughout Colorado, including in the Denver Metro Area, Arapahoe County, Adams County, Jefferson County and the cities of Lakewood, Highlands Ranch, Lone Tree, Castle Rock, Westminster, Centennial and Aurora.