Understanding Marital Settlement Agreements

A Marital Settlement Agreement (MSA) is a contract used in uncontested divorces that divides property, assets and debts of a marriage. It spells out the rights of both parties, and settles issues of child custody and spousal alimony. In New Mexico, a MSA should cover the following areas, at a minimum:

  • Child custody and visitation
  • Child support
  • Spousal support
  • Division of property
  • Division of assets
  • Division of household items and valuables
  • Division of debt
  • Division of credit
  • Resolution of health care
  • Legal name change

Once executed the judge will decide whether to accept the MSA and incorporate it through a final decree. Many problems arise when a MSA is not adequately prepared. Ambiguities or forgotten terms often lead to years of ongoing litigation. The MSA is a vital part of understanding your life after divorce. If you want to avoid years of frustration and expense then take the time to invest in protecting yourself with an attorney skilled in the development of MSA. Contact the Justice Legal Group for more help with your marital settlement agreement.

To learn how we can help you with your case, e-mail us at info@JusticeLegalGroup.com or call us at 505-880-8737.