If you and your spouse are ready to call it quits, you may want to consider filing for legal separation before you file for divorce. These two legal options can give you the same results for a period of time, yet using separation may be the better option for the following three reasons.
It works like a divorce
The good thing about legal separation is that it is a legal process that requires an agreement, and this agreement is similar to one in a divorce. The agreement used in a legal separation allows you to make each spouse accountable for certain things, and this can include the following:
In other words, legal separation works just like a divorce; however, it is not permanent.
It will be easier to get back together if you choose to not get divorced
A second reason to consider legal separation before divorce is that it will make it easier for you to either get divorced or get back together. Most states have a waiting period requirement for divorces. This waiting period is designed to give couples time to really think about this decision before they go through with it. This period can be six months or one year, and it depends on the state you live in.
When you legally separate, this waiting period will begin. Once it is over, you will be able to get divorced very quickly if you decide to.
On the other hand, if your separation makes the two of you want to be back together, you will have a very easy time doing so. You can simply let your lawyer know that you no longer want to be separated, and the judge can revoke the agreement. In this case, it would be as if you were never legally separated; you will simply be able to get on with your married life as though nothing legal had ever taken place.
You may have more financial benefits
The third thing to consider is the financial benefits you may have if you choose to legally separate instead of getting divorced, and this primarily involves the way you file your taxes. If you are legally separated, you can file your taxes together. This is not the case for divorced couples though. By filing together, you might be able to pay lower taxes than you would if you were divorced and had to file individually.
If you are not sure which route to take for your situation, talk to a divorce lawyer, like those at Gordon Liebmann Attorneys at Law. A divorce lawyer can give you advice and help you make the best decision for your situation.
Share28 October 2016
People with an eye for property can make a great deal of money buying a house, fixing it up and then selling it for a profit. However, there are many legal issues involved in this kind of pursuit. I am an attorney with experience in real estate, and I have helped many clients learn the legal details involved in flipping property. This blog will help you understand what you need to know when you are buying and selling a home as well as information about paying taxes on money made and property owned. Flipping houses can be a very profitable activity as long as you know how to do it legally.
