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hello in this lesson im going to discuss what a california marital settlement agreement is and the different issues it covers there are a number of documents to prepare when going through a divorce one of the most important elements of this process is the marital settlement agreement also known as a property settlement agreement this document or agreement specifically lays out each partys rights relating to property it also addresses issues such as alimony the division of assets and debts child custody and child support keep in mind that a marital settlement agreement is a legally binding document therefore be certain that every issue relevant to your divorce is addressed within the agreement so the first step in the process of creating a marital settlement agreement is a discussion with is a discussion with your partner or spouse regarding issues that need to be addressed by the agreement so some things to consider is how are you gonna how are you gonna divide your retirement accoun