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a kentucky marital settlement agreement is a document used to establish agreed upon terms of a divorce between two spouses its often used to distribute shared property address any financial and parental obligations and set forth other terms and conditions this video will cover the importance of kentucky marital settlement agreements some legal divorce requirements and how to obtain an official fillable template to begin lets discuss the importance of a kentucky marital settlement agreement the marital settlement agreement outlines the basic terms of a divorce agreement its essential to establish the distribution of shared assets alimony and or child support among other common terms a mutually agreed upon settlement is crucial when filing for an uncontested divorce since it includes a calculation of the amount of spousal and child support records all of the details surrounding the divorce can avoid a formal lengthy trial in circuit court allows the couple to divide their joint asset