There are many factors to consider when contemplating the end of a marriage. Each situation is unique, and what worked for your neighbors or sibling may not be best for you. If your marriage is falling apart, you may believe divorce is your only option. However, in some cases legally separating from your spouse may address financial issues better while still allowing you to live separate lives. At Pearman Law Firm, P.C., we often help clients understand their options and determine whether divorce or separation delivers the best possible outcome.
According to Protective Live Corporation, a legal separation puts your marriage on hold. The court must approve the decision, and it includes an agreement for property division and parenting plan. A separation severs the financial connection you have with your spouse. It may also offer additional financial and personal benefits, such as the following:
In situations where divorce is unacceptable for religion reasons, a legal separation may be a viable option.
You may be able to keep health insurance coverage from your spouse’s job when separated. However, that eligibility typically ends once divorced.
You and your spouse can take advantage of filing taxes jointly, which may offer financial benefits.
A legal separation may help you stay married until you qualify for Social Security or military benefits.
If you have any misgivings about a divorce, legally separating can give you the breathing room to figure things out. An experienced attorney can help you decide if you can benefit from separation rather than a divorce. Visit our webpage for more information on this topic.