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A marriage settlement agreement, also known as a prenuptial agreement, is a legal document that outlines the division of assets and liabilities in the event of divorce or separation. An MD marriage settlement agreement is specific to the state of Maryland and must follow the state’s laws and regulations.

In Maryland, a marriage settlement agreement must be in writing and signed by both parties. The agreement becomes effective once it is signed and notarized. The document should include a complete list of all the assets and debts of each spouse, and how they will be divided in the event of a divorce or separation.

Under Maryland law, a marriage settlement agreement can address issues such as alimony, property division, and child support. However, child custody and visitation cannot be pre-determined in a prenuptial agreement. These matters must be decided at the time of divorce based on the best interests of the child.

It’s important to note that a marriage settlement agreement cannot be used to waive certain rights, such as the right to receive child support or the right to a fair and equitable division of assets. Additionally, if either spouse fails to disclose all of their assets and debts at the time of signing the agreement, it may be deemed invalid.

Before signing an MD marriage settlement agreement, it’s recommended that both spouses consult with their own attorneys to ensure that their rights are fully protected. A qualified attorney can review the document and advise on any potential issues or concerns.

In summary, an MD marriage settlement agreement is a legal document that outlines the division of assets and liabilities in the event of divorce or separation in the state of Maryland. It’s important to follow state laws and regulations and consult with an attorney before signing this type of agreement.