Property Settlement Agreement
Property Settlement Agreement PSA or MSA
A Property (or Marital) Settlement Agreement clearly defines what each party is entitled to and their responsibilities after a divorce. A PSA (or MSA) can be drafted at any time during a divorce and is the final agreement that you and your spouse reach involving division of assets, alimony, custody and child support and can be incorporated or merged into the divorce decree.
A PSA is not necessarily important if you have no assets, debts or children, however, if you want to provide for the future guidelines of your relationship, a PSA should be drafted as this document details exactly what each party has agreed upon and clearly outlined in written form.
A PSA is a binding agreement however you and your spouse can amend the agreement at any time if you both consent to those change or if they are modified by a Court Order (provided that the agreement does not contain language that it cannot be subject by Court Order).
Since the Property/Marital Settlement Agreement is final and binding, all terms should be considered and negotiated carefully by an experienced attorney. A carefully documented Agreement can save a party an inordinate amount of future money and time in Court proceedings involving custody, support and distribution of assets.
Going through a divorce can be difficult enough, but having an attorney familiar with these issues to protect your interests in a Property/Marital Settlement Agreement can help to make the divorce process easier for all parties involved. When you need an attorney to represent you with your legal matters, contact the Law Offices of Michael Kuldiner, P.C. in order to obtain the best results possible in each case.
When you need an attorney to represent you with your legal matters, contact the Law Offices of Michael Kuldiner, P.C. in order to obtain the best results possible in each case. To arrange a consultation, please give us a call at (215) 942-2100 or contact us by submitting the form at top right.