A Maryland Marital Settlement Agreement (MSA) is an agreement entered into by divorcing or separating parties in the state of Maryland that outlines the terms of division of their assets, debts, and other issues related to their divorce. MSA's are typically used to divide property, support, and other matters such as child custody and visitation rights. There are two types of MSA's: a prenuptial agreement and a postnuptial agreement. A prenuptial agreement is a contract between two parties before they are married and outlines their rights and responsibilities should they divorce in the future. A postnuptial agreement is an agreement made after the marriage has taken place. Both types of MSA's can cover the division of property, debts, support, and other matters such as child custody and visitation rights. MSA's are legally binding agreements and must be signed by both parties in the presence of a notary public.
Maryland Marital Settlement Agreement
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How to fill out Maryland Marital Settlement Agreement?
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FAQ
A marital separation agreement, also known as a property settlement agreement, is a written contract dividing your property, spelling out your rights, and settling problems such as alimony and custody.
Maryland law does not require a written separation agreement in order to divorce. Nor is there anything called a legal separation in Maryland.
Maryland law does not require a written separation agreement in order to divorce. Nor is there anything called a legal separation in Maryland.
A separation agreement should provide for the following: The amount of support one spouse will contribute to the other; Provisions for continuation of health insurance benefits; and; The division of property while the husband and wife are living apart, including what will happen to the property upon divorce.
Courts in Maryland can give one spouse the exclusive right to live in the family home for up to three years after the divorce. Under certain circumstances, the court might also award one side the exclusive use of personal property like household furniture and the family car.
Separation agreements in Maryland may be oral or written, but in order to be enforceable, they should be written, signed, and notarized. If you and your spouse are able to resolve all your issues in the separation agreement, it can make the process of divorce less contentious, and may decrease the overall costs.
