PROPERTY SETTLEMENT AGREEMENT
(a/k/a "PSA," Separation Agreement, Contract
of Separation, Divorce Settlement Agreement, etc. )
Somewhere
in the divorce process, most couples eventually come to terms regarding
their children's custody, support issues (both child and spousal support),
their property interests and their debts. When this agreement is reached
and put to writing it is generally referred to as a Property Settlement
Agreement (usually abbreviated "PSA") or Separation Agreement.
Domestic
relations cases usually settle in the beginning when both parties feel
a bit guilty or desirous of "getting it over with right now" or in the
end when both are exhausted. It is the rare case that is fully litigated
in the proverbial "knock down, drag out, unlimited mud-slinging" fashion.
A very wise judge said that only the two parties to a divorce have the
knowledge and the information necessary to arrive at a fair settlement.
No matter how much time a judge devotes to hearing a case, no judge could
ever order as fair a result for the family as two mature adults acting
in good faith can do regarding their former united assets. We believe that
to be the case. Lawyers are best used to add substance to vague ideas,
put language to images, and offer constructive thoughts on how to overcome
seemingly insurmountable hurdles. Use us for that and you will be getting
true value for your hard-earned money. Sometimes (and sometimes it is our
client), one of the parties will act totally irrationally and litigation
is the only solution. Even in that situation, a property/custody settlement
agreement is feasible, as the two attorneys attempt to bring reason to
the situation.
Normally
your attorney (or your spouse's attorney) will draw up the agreement (even
when it is fully agreed to). While you may draft your own agreement, we
do not advise this. This is not because we want to make a fee off your
case. Experienced domestic relations attorneys know how to write these
things. We know the language the judges look for to "seal" the deal, to
make concrete the agreement, to tie up loose ends, close loopholes, and
in every other manner make sure you have in writing what you bargained
for.
You
may include many things in your agreement, but the subjects covered can
be summarized into these four major categories:
1. Custody of the child/ren, and visitation arrangements.
2. Support (both child support and spousal support, including health and
life insurance protection).
3. Division of Property (the house, the cars, the stocks, the retirement
pay, and the dog.)
4. Division of Debts (in addition to the Master Card, don't forget the
property taxes on the boat).
Other
issues must also be resolved, but they generally are subcategories of the
above four. Some of these important issues are court costs and attorney's
fees -- Who pays? Who gets to claim the children as income tax deductions?
Private school or college tuition?
If,
and as, you try to work something out with your spouse without using an
attorney, the following are some useful pointers to remember:
-
Meet on neutral ground -- Not at her
office or at his mother's home, but some place where you both will feel
comfortable. Put aside time -- A reasonable amount of time should be set
aside to deal with the issues. If you leave to answer a telephone call
just as you almost have things worked out, you may find that things have
fallen apart when you get back. On the other hand, do not leave the meeting
time open-ended. A meeting without a deadline will drag on and issues will
not get resolved.
-
Keep the kids out of it -- Your children
do not need to be involved in this. Do not have them around. They will
interrupt you, and it will upset them.
-
Set an agenda -- Decide what will be
dealt with at the meeting. "This week we will decide on custody and child
support, next week we will decide on the house."
-
Do not bog down -- Try to talk about
what you agree on. No matter how bad it is, there are some things you agree
on ("the marriage stinks" or "the kids are cute"). If you hit a point that
gives you trouble, move on to something else and come back to the problem
after you have resolved some other issues. DON'T YELL! Stay calm. If you
or your spouse begins to shout, do what you do with your kids. Go to "time
out." Do not let your spouse drag you down to an immature level.
-
Reschedule as needed -- If things start
to turn nasty, if someone gets angry, or if you think you are losing everything,
stop! Re-schedule the meeting for another time. It is important that both
of you feel that the agreement is a good thing.
-
Start talking early -- Divorces usually
settle early on when both parties feel guilty and are not locked into a
position, or divorces settle after much litigation when the parties are
too exhausted to fight anymore. Sometimes you can get more with guilt than
you can get at a trial.
-
Trust your attorney --
If your attorney said in an earlier conference that "X" is the law, and
your spouse tells you that the law is "Y," believe what your attorney said.
For example, if your attorney says that you can claim a share of your spouse's
military retirement after a marriage of 9 years, and your spouse says it
can only happen after 10 years, don't forfeit your claim to the retirement.
Your attorney was right. The first person that will lie to or mislead you
about property and "the law" is your spouse. Unfortunately, we find
that the first person you will tend to believe (especially --and not to
be sexist-- the wives) will be your spouse. (See next section, too.)
-
Know when not to continue the process --
If you find yourself at a negotiating
disadvantage (due to intimidation, past abuse, threats of physical harm
or "I'll take the children if you don't accept my terms" type pressure,
domination of the process, etc.) cut off negotiations and let your attorney
handle things.
If you and your spouse work out something and you make notes, do not sign
the notes. This could be considered to be an agreement. If it is not in
the correct legal language, you may be bound to something other than what
you thought you agreed to. |