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A marital settlement agreement is a divorce contract that outlines the division of property, liabilities, alimony, child support, and custody arrangements before filing for divorce and obtaining court approval. This video tutorial discusses the function of marital settlement agreements and provides guidance on accessing an official template for free. It emphasizes the importance of effectively negotiating divorce terms, starting with mutual agreements on asset distribution before seeking a divorce decree from the court. Best practices include hiring a divorce attorney to ensure fair terms, gathering comprehensive financial information like tax returns and current income, and scheduling meetings with each spouse.
