Property Settlement Agreements
Posted by Virginia Divorce Info at 10/16/2008 2:55 PM 
Categories: Property Settlement Agreements,Divorce
Categories: Property Settlement Agreements,Divorce
Separation Agreements (also called martial settlement agreements,
property separation agreements, property settlement agreements, PSAs,
MSAs, etc., etc.) are a way for parties to determine all of most of the
issues to be considered when
divorcing, before they actually file for divorce. Issues that can be governed by a PSA include, but are in no way limited to:
The benefits of having an agreement are numerous, with the chief among them being that the parties decide, rather than the judge.
In addition to the security and stability benefits from a PSA, signing one will also reduce the waiting period from 12 months to 6 months if the parties have no minor children and are seeking a no-fault divorce.
divorcing, before they actually file for divorce. Issues that can be governed by a PSA include, but are in no way limited to:
- division of property
- child/spousal support
- child custody/visitation
- division of pension/retirment plans
- tax planning
- insurance coverage
The benefits of having an agreement are numerous, with the chief among them being that the parties decide, rather than the judge.
In addition to the security and stability benefits from a PSA, signing one will also reduce the waiting period from 12 months to 6 months if the parties have no minor children and are seeking a no-fault divorce.
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