Official Colorado Marital Settlement Agreement:
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A Colorado Marital Settlement Agreement is a legally binding document used when filing for divorce that outlines the legal separation arrangements between both spouses. It contains a breakdown of alimony and child support payments, details regarding child custody, and distribution of property. In Colorado, the agreement must be filed with the District Court. Once settled and a mutual agreement is reached, both spouses can apply for a divorce decree after a judge’s approval of the divorce settlement.
The marital/divorce settlement agreement can be written by both spouses or their legal representation. Many couples choose to seek divorce attorneys when settling the divorce, allowing the process to be fair and civil before taking the matter before a judge.
A Colorado Marital Settlement Agreement is an essential divorce document, as it:
- Has a calculation of the amount of spousal and child support owed;
- Contains all the details surrounding the divorce;
- Can avoid a formal trial in court;
- Allows the couple to divide their joint assets, including real and personal property; and
- Specifies the custody of a child, whether joint or sole custody.
It’s in the mutual interest of each spouse and their legal counsel to reach an agreement by using this document, provided all parties see eye to eye on the terms. That way, the divorce can be quicker and more affordable, as opposed to undergoing formal trial proceedings.
For more information about Colorado marital settlement agreements, watch our video -- and then head to the link above for an official template!
Free Version:
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DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
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0:00 Intro:
0:16 In This Video We'll Discuss:
0:26 The Importance Of An Marital Settlement Agreement In This State:
1:49 Legal Requirements In This State:
2:44 Dissolution Of Marriage:
2:52 Uncontested Divorce:
