In many different types of legal or business settings, one receives the advice to “get it in writing.” Why is that? It’s because a written document carries much more weight as evidence in court than oral testimony about the contents of an oral contract. Getting “it in writing” has the potential to help either side or both sides. Additionally, thanks to something within the law called the “Statute of Frauds,” a failure to get it in writing can cost you dearly when it comes to many types of agreements.
What does this mean to you if you’re going through a divorce? It means that, whether you are creating a new marital settlement agreement or modifying an existing one, it pays to get it in written down. It also pays to have an experienced Maryland family law attorney on your side.
For an example of this concept, look at this recent ruling and you can see why it is so important to get it in writing. In 2010, A.M. and R.H. agreed to the terms of a marital settlement agreement. The agreement called for the husband to buy out the wife’s ownership interest in the couple’s marital home and for the wife, after getting paid, to relinquish her ownership rights to the property.