Is A Separation Agreement The Same As A Divorce

He also advises happy married women who have blindly seen their friends through a divorce initiated by their husbands, and wonders (wisely) how financially fragile they would be in this situation. Jeff developed the nation`s first Just in Case (TM): Secure Your Financial Future, a one-hour program that quickly shows married women how to prepare for future divorce with immediate and practical steps. He can be reached at Divorce and separation after separation have similar effects in many ways. Divorce and separation under the law create a space between you and your spouse. They live apart. Your finances are separate. Custody of children, custody of children, division of property and marital debts, and spousal assistance (called divorce support) are all ordered by the court. But before I talk about the potential financial benefits of a separation, I would like to clarify a few fundamental points. In addition, some people stay separated for months or even years, so it`s important that you protect yourself in advance and clarify all the necessary questions and that you agree in writing.

To move forward, you need to know who gets what assets, who is responsible for the debt, how many subjects need to be paid and how long, etc. The Separation Separation Agreement helps resolve these issues, and if you finally decide to divorce, it can easily become your divorce contract. In some countries, a separation is necessary before you can get a divorce for certain reasons. Often, a six-month or one-year waiting period during which you live separately and separately is required before you can get a divorce. There are significant differences between separation and divorce. The most fundamental and obvious distinction is that you remain sanitized during a separation and that, in a divorce, your marriage is dissolved. Other differences are the same: in both the divorce proceedings and the non-dissolution separation proceedings, the court rules: a separation agreement is wise if you have not yet decided whether you want to divorce or break your life partnership or if you cannot yet do so. It is a written agreement that usually defines your financial arrangements while you are separated. It can cover a number of areas: it is especially important to take legal advice from a lawyer when your separation causes problems, for example if one of you is much more prosperous than the other, or if your ex-partner is harassed or intimidating and puts you under pressure to sign an agreement. As you can see, the decision to legally separate instead of divorce can be quite complex. Carefully consider your options and consult with qualified divorce professionals so you can make smart decisions that will help you stay financially both short-term and long-term.

In other words, Jeffrey A. Landers, CDFA™ is a financial strategist for divorce™ and founder of Bedrock Divorce Advisors, LLC (, a divorce company that works exclusively with women who are going through or could suffer a financially complicated divorce.