A divorce settlement agreement, also referred to as a ‘marital settlement agreement’ or ‘property settlement agreement’, is a legal document specifying the terms of a divorce. The agreement reduces to writing all of the issues the divorcing couple has agreed to. By entering into a settlement agreement in a New Jersey divorce case, the parties avoid a lengthy and costly trial.
What Issues Does A New Jersey Divorce Settlement Agreement Cover?
Most of the issues relating to a divorce can be settled in a Divorce Settlement Agreement.
- Child Custody
- Child Support
- Parenting Time and Visitation
- Division of Assets
- Division of debt and credit, household items, property, and valuables
I Don’t Want To Compromise! Why Not Go To Trial?
Compromising with a former spouse is difficult, as any divorced person knows. But compromising often leaves both parties in a better position than fighting out all of their issues in court. Many issues relating to money, property, and children can be resolved through the settlement process. Going to court is a lengthy and costly process that many divorcing couples wish to avoid. Often the reason a party wishes to go to trial is money related, but the cost of going to trial is usually much more expensive than settling. Not satisfied that a settlement is in your best interest? Make sure you speak with a matrimonial attorney to determine whether trial is the right move in your particular case. Continue Reading →