Divorce is a tough situation to go through both emotionally and financially. Pennsylvania is one of the states that require couples to go through a legal process to dissolve their marriage. If you`re going through a divorce, you`ll need to prepare a marital settlement agreement (MSA) before going to court. An MSA is a legal document that outlines the agreements between the divorcing couple on issues such as property division, alimony, child custody, and child support. Here is a guide on how to create a marital settlement agreement Pennsylvania template.
1. Identify the Key Elements
Start by identifying the key elements that will be covered by the MSA. This includes the division of assets, liabilities, spousal support, child custody, and child support. Make a list of all the things that need to be addressed in the MSA before you start writing.
2. Gather Information
Gather all the necessary information that you`ll need to include in the MSA such as the names and addresses of each spouse, the names and ages of the children, the details of all the assets and liabilities, and the amount of spousal and child support.
3. Decide on Specifics
Once you have all the information, start deciding on specifics for each category. For example, the property division section should include details on who gets which asset and how the liabilities will be split. The spousal support section should include the amount and duration of the payments.
4. Draft the Document
Using the information gathered, write the MSA. Make sure to use clear and concise language and include all the details that you agreed upon. You may also consider hiring a lawyer to assist you in drafting the MSA.
5. Review and Edit
Once the MSA is written, review it carefully for any errors, inaccuracies, or inconsistencies. Make any necessary edits to ensure that the document accurately reflects all agreements and meets the legal requirements of Pennsylvania.
6. Sign and File
After any necessary revisions, both spouses should sign the MSA in the presence of a notary public. Make copies of the MSA for each party and file the original document with the court.
In conclusion, creating a marital settlement agreement Pennsylvania template is a vital step in the divorce process. A well-drafted MSA can help to avoid lengthy and costly legal battles and ensure a smoother transition into post-divorce life. Follow these steps to create an MSA that meets your specific needs and helps you move on from the divorce process with confidence.
