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Keywords:

Property Settlement Agreement,Divorce Agreement,Uncontested Agreement,Division of Property,Division of Liabilities,Agreed Divorce

Description:

Property settlements can arise through agreement of the parties, subject to approval by the court, or by court order. Once approved, the settlement functions like a contract for enforcement or modification purposes.

A property settlement involves the property that the couple obtained either before marriage or during marriage and address issues such as the sale of their home, division of marital property, liabilities, tax issues. Once the property settlement agreement is signed by both parties, the parties no longer need a trial and can go forward uncontested. At such time, the property settlement agreement is attached to the Final Judgment of Divorce Decree