Thursday, January 24, 2008

Careful What You Sign

Many people decide to enter into a Marital Settlement Agreement to resolve all the issues that arise out of their marriage. Often times a settlement comes as a result of mediation or a settlement conference and you sign something quickly believing it to be your understanding of what you have verbally agreed to. It is important that both you and your attorney read the agreement thoroughly to insure that there is nothing in there that you haven't agreed to, or that there are no errors in the terms. Once a Marital Settlement Agreement is signed, its very hard to undo that agreement, therefore READ what you are signing. The following story is about a person who signed a settlement agreement thinking that he agreed to pay $14,000.00 per month for child support, when in fact he had agreed to pay $14,000.00 per child. The case is still in litigation.

No comments: