A property settlement agreement is a contract like any other. Accordingly, the terms in the agreement govern the rights and obligations of the parties. When I draft an agreement, it contains a definition for the effective date which is the date the agreement is signed by the last one to do so. However, some obligations and conditions are scheduled for a certain time after an event, such as the divorce decree.
I would be happy to review the agreement for you to answer the question.
Best Regards,
Matthew R. Nahrgang, Esquire
35 Evansburg Road, Ste 400
Collegeville, PA 19426
(610) 489-3041 o
(610) 489-3042 fax
nahrganglaw.com
Answered on Aug 13th, 2021 at 9:11 AM