Marital Settlement Agreements and Negotiation
Marital Settlement Agreements are agreements coming from and in conjunction with a dissolution of marriage. Ward Family Law, LLC has negotiated, drafted, reviewed, revised and approved these agreements, having the knowledge and experience to know that a Marital Settlement Agreement must be thoroughly and carefully prepared. The best result in any family law matter is through a negotiated settlement of the case and Ward Family Law, LLC is experienced and skilled in achieving negotiated settlements. The negotiation of any family-law related agreement takes finesse in balancing the mental and emotional needs of the parties while also resolving property division and allocation, maintenance and child-related issues. We tailor each and every Marital Settlement Agreement to meet our client’s needs, objectives, goals and negotiated settlement terms.
A negotiated settlement, including a Marital Settlement Agreement, is something that can be achieved at any stage in a case, including before or after a Petition for Dissolution of Marriage is filed with the Court. However, each legal counsel must perform due diligence to insure that their client is fully informed of the assets and liabilities comprising both the marital and non-marital property along with the explanation of Illinois law, which will allow for a client to make informed settlement decisions. A Marital Settlement Agreement is often reached well before a contested trial but after issues between the parties are resolved, through various methods which include four-way conferences with the opposing party and attorney, exchange of written settlement proposals, and pre-trial settlement conferences with the Judge assigned to the case.
Marital Settlement Agreements, even though negotiated and agreed to by the parties, require a review and approval by the Domestic Relations Court as “not unconscionable” to be valid and enforceable. In layman’s terms, that means that the agreement is not grossly unfair to one of the parties. The court must also approve all child-related terms and child support provisions contained in a Marital Settlement Agreement before they are binding and enforceable. If the Marital Settlement Agreement passes court review, it will be incorporated in the Judgment Of Dissolution Of Marriage that dissolves the parties’ marriage. After entry by the Judge, if one of the parties violates a provision in the Marital Settlement Agreement then the other party may file a petition to enforce the Judgment by initiating a post-decree action.