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marital settlement agreement in tampa fl

What Should Be Included in a Marital Settlement Agreement

One of the critical parts of any divorce is the martial settlement agreement in Tampa. This is an agreement between both parties that helps to ensure that each party walks away from the courtroom with what they are properly owed from the divorce proceedings. Your divorce attorney will guide you through the agreement process to help you figure out—and fight for—what rightfully belongs to you. Most martial settlement agreements involve:

Division of Marital Property & Debts – Dividing up assets and debts acquired during a marriage is one of the primary functions of the agreement. This can include the home and other expensive items that were purchased during the marriage.

Child Custody – Each parent’s rights concerning legal and physical custody of each child must be determined during the agreement stage. Legal custody is the right to make important life decisions regarding the child’s upbringing, while physical custody is the right to have the child live with you.

Child Support – It is a common occurrence that one parent must pay child support to the other parent. How much is usually determined by the particular guidelines of the state.

Alimony – This is the money paid from one spouse to another to help support them. The amount and duration of the alimony payments are usually determined by state guidelines.

Name Change – While nobody is required to change their name during a divorce, many people choose to do so to get a fresh start. By having the name change as part of the agreement, you can have a judge approve it right away to save you the additional hassle and expense of having to do it later on.