An MSA, or Marital Settlement Agreement, spells out the terms of the divorce between the parties involved. An MSA will generally cover property division, spousal support, child support, child custody, asset division and other issues related to the parties divorce.
Why is an MSA important?
An MSA is important because it is used not only to determine how to divide the current household, but also as reference for any new issues that may arise in the future. An MSA provides clear evidence that the marriage has been dissolved and additionally provides verbiage for the future governance of your relationship.
Understanding concepts such as these could play a significant role in your post-divorce future. Hiring an experienced CDFA will ensure a more secure, comfortable future for YOU. Make sure you sit down with us at Pacific Divorce Management before finalizing your settlement agreement.