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Other couples may separate as an alternative to divorce for economic or religious reasons, for tax purposes, or to ensure continuing retirement and/or health insurance benefits for both spouses. A separation can be initiated informally, or there can be a legal separation with a formal separation agreement filed with the court.
Legal separation (sometimes judicial separation, separate maintenance, divorce a mensa et thoro, or divorce from bed-and-board) is a legal process by which a married couple may formalize a de facto separation while remaining legally married. A legal separation is granted in the form of a court order.
Divorce (also known as dissolution of marriage) is the process of terminating a marriage or marital union. [1] Divorce usually entails the canceling or reorganising of the legal duties and responsibilities of marriage, thus dissolving the bonds of matrimony between a married couple under the rule of law of the particular country or state.
When my ex-husband of 13 years and I decided to part ways, we worked together to create as much stability as possible for our three children. ... he remained in the family home — a house in his ...
Keeping our finances separate has been a key to our marriage. My husband and I have different money habits, but we still split shared costs.
Breakups are a deeply emotional time, especially if you've been together for a long time. The added stress of separating your finances can also feel messy, if not managed right. Thankfully, experts...
Property acquired before marriage is separate and belongs to the spouse who acquired it. Property acquired during marriage is presumed to belong to the community estate except if acquired by inheritance or gift, or by exchange for other separate property. This definition leads to numerous issues that can be difficult to ascertain.
By maintaining separate finances, Daidone explained, each partner retains control over their spending, allowing them to manage their money according to their individual comfort levels and priorities.
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