
A marital settlement agreement, or MSA, in the State of Florida, is a contract that lays out all terms agreed upon by a couple as to their rights and responsibilities after divorce. These agreements usually have all terms regarding the party’s equitable distribution of the parties financial issues, spousal support, child support, etc. See Florida Marital Settlement Agreement. Both spouses must understand, agree, and sign the marital settlement agreement once it is in its final form. Once the spouses enter into the agreement, the Florida courts will then enter what is called a final judgment. See Florida Final Judgment. In some cases, the Florida court will not attach the agreement to the final judgement, but it is fully incorporated therein.
Parties reach the point of entering into a marital settlement agreement in some cases after negotiations, collaboration, and even sometimes mediation. The negotiation process is the most common way Florida divorces are settled with the spouse’s attorney’s advocating on your behalf until a resolution is met. Mediation involves a neutral third-party that assists the parties in reaching a solution. See Florida Mediation. The collaboration process indicates off the bat that the couple will not be litigating the divorce.
Florida caselaw has found marital settlement agreements to be legally binding as any other contract in law. See Feliciano v. Munoz-Feliciano, 190 So. 3d 232, 234 (Fla. 4th DCA 2016); Reilly v. Reilly, 94 So.3d 693, 696 (Fla. 4th DCA 2012). In divorce cases, terms within the agreement that relate to child support or spousal support are modifiable if the party can establish that there has been a “substantial change in circumstances” according to Florida Statute 61.14. See Florida Statute 61.14. Child support is always modifiable and spousal support however may be non-modifiable if the agreement expressly states as such. Changes to the marital settlement agreement will only occur if both parties agree or if one party brings the modification to the court and there are proceedings on the matter.
Marital settlement agreements are typically prepared and entered into outside of the courts. The benefit to this is that you and your spouse do not need the court’s intervention to assist in laying out the terms of your agreement. Negotiations as to the terms of the agreement should continue until both you and your spouse are comfortable with all terms within it.
Yes, prenuptial agreements are enforceable in Florida if they are written, signed voluntarily by both parties, and include a full and fair disclosure of assets and liabilities. Courts may invalidate agreements that are unconscionable or signed under duress.
Yes. A well-drafted prenuptial agreement can specify that a business or its future growth remains separate property in the event of a divorce, protecting your ownership stake and business interests.
A postnuptial agreement can address property division, spousal support, and debt allocation. However, it cannot include provisions relating to child custody or child support — those are determined by the court at the time of divorce based on the child's best interests.
You should consider a prenuptial agreement if you have significant assets, own a business, have children from a prior relationship, anticipate an inheritance, or simply want clarity about financial expectations in your marriage.
If you're facing a family law matter in South Florida, the experienced attorneys at Yaffa Family Law Group's Nuptial Agreements practice are here to help. Our team understands Florida family law and can guide you through every step. View all our practice areas or contact us today for a confidential consultation.
When it comes to preparing a marital settlement agreement, you do not need an attorney to prepare it. However, the legal language can be confusing, so we recommend each spouse hiring their own attorney to assist in negotiations, drafting, and the preparation of your marital settlement agreement. In order to best protect your rights, it is recommended that you have your own attorney. This will ensure that you have legal protection and your best interests are always in mind.
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Family law attorneys at Yaffa Family Law Group, specializing in divorce, custody, and complex family matters in South Florida.
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