If you are going through a divorce in Florida, you may have heard the term “addendum to marital settlement agreement.” In simple terms, an addendum is an amendment or addition to an existing agreement, and a marital settlement agreement is a legally binding contract that divides assets and outlines responsibilities between the two parties involved in a divorce.
An addendum to a marital settlement agreement in Florida can be necessary for a number of reasons. For instance, if the original agreement was created when the parties were still living together, it may need to be updated to reflect their new living arrangements. Additionally, changes in financial circumstances, child custody arrangements, or other factors can require an addendum to the agreement.
The process of creating an addendum to a marital settlement agreement in Florida is similar to the process of creating the original agreement. Both parties will need to review and agree on the terms of the addendum before it is signed and notarized. It`s important to note that any changes made to the terms of the original agreement must be done through an addendum and not verbally agreed upon.
When it comes to filing an addendum to a marital settlement agreement in Florida, the document must be filed with the court and approved by a judge. This ensures that the terms of the agreement are legally binding and enforceable. Failing to file an addendum can result in legal consequences down the line.
In summary, if you are going through a divorce in Florida and need to make changes to your marital settlement agreement, an addendum may be necessary. Be sure to work closely with your attorney to ensure that any changes made are legally binding and that the addendum is filed correctly with the court.