Divorce Settlement
A divorce splits not only the lives, but also the property that the couple acquired during the tenure of their married life. Divorce settlement is the name given to the talk that happens between the divorcing partners on the matters like:
- Child Support
- Real Estates
- Bank Accounts
- Investments
- Vehicles or Automobiles
- Insurance Policies
- Alimony or Spousal Support
- Pension Plans
- Property
- Child Custody and rights regarding Visitation.
Divorce settlement is mentioned by various names like marital agreement, termination agreement and settlement agreement.
Divorce settlement addresses the above mentioned issues. When the ex spouses come to final agreement over all of them, the details are put in a document and signed by both of them. It is left over to the court to accept the settlement and include them in the final verdict of divorce.
Some of the important issues related with divorce settlements are discussed below:
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