A divorce settlement agreement (or a marital settlement agreement) helps two divorcing spouses by detailing the division of assets and spousal support. This agreement is intended to help the parties formalize an allocation of their property and finances and matters relating to child custody and visitation. Web if you and your spouse have decided to get a divorce and you have reached an agreement on issues such as who is obligated to pay spousal and child support, custody and visitation arrangements and property rights, you may want to consider entering into a marital settlement agreement. If you have any marital property, you will need to enter into a marital settlement agreement (aka stipulation of settlement). However, your divorce settlement agreement.