Some insurance companies include language which will cause coverage to lapse in the event of a legal separation. Be sure you are still covered. Consult with an accountant concerning pension plans and retirement benefits.
You need to make sure that you meet all of the necessary legal requirements to maintain your interest in any pension accounts or retirement benefits.
It is not unusual for a divorce judgment to award separated spouses the personal property that is in their own possession. If there are important belongings that you leave with your spouse upon separation, you should specify in your separation agreement that those things come to you if you should divorce. Your Privacy Rights. To change or withdraw your consent choices for Brides. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.
These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification.
I Accept Show Purposes. By Cathy Meyer Cathy Meyer. Cathy Meyer is a certified divorce coach, marriage educator, freelance writer, and founding editor of DivorcedMoms.
As a divorce mediator, she provides clients with strategies and resources that enable them to power through a time of adversity. Brides's Editorial Guidelines. What Is a Legal Separation Agreement? Take time to think through the one that feels more comfortable to you.
Contact us today to learn about your legal options. Sharing is caring:. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Why would you get a legal separation instead of a divorce? Posted Aug 12, by Chip Gentry Deciding whether to get a divorce or legal separation can be confusing.
Understanding legal separation vs. Why get a legal separation instead of a divorce? How can you get a legal separation? Leave a comment.
Cancel reply Your email address will not be published. In many cases, it boils down to money. You see, sometimes opting for legal separation rather than divorce is a good financial decision. But, before I discuss the possible financial benefits of a legal separation, let me clarify a few basic points. As Marilyn Chinitz , Partner at Blank Rome, explains, a legal separation agreement can help you mitigate some financial risk. If your spouse fails to pay certain marital debt, because you are still married although not living together, the creditor can seek remedies against you for the joint debts.
Informal separations without a document detailing the terms of your separation, that is , how you will share the marital assets, what do you do about joint credit cards, who pays maintenance and how you will distribute assets acquired during the separation, can cause difficulties down the road leading to litigation. In order to move forward, you need to know who gets which assets, who is responsible for debts, how much alimony is to be paid and for how long, etc.
The legal separation agreement helps settle these issues, and if you ultimately decide to divorce, it can easily become your divorce settlement agreement. In general terms, each state falls into one of three broad categories:.
Yes, of course. Not everyone opts for a legal separation based solely on financial reasons. In some cases, other considerations come into play. Fo r example, some couples remain separated for religious reasons. One spouse, or both, may come from a religious background that frowns upon divorce.
0コメント