Search results
Results From The WOW.Com Content Network
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. In cases where children are involved, a ...
The key similarities between a legal separation and a divorce are: Any new income that you earn after the date of separation is yours alone and not typically considered a marital asset;
Certain married individuals, not legally separated or divorced, may still be considered single for purposes of filing tax returns if they are living apart. [8] A married couple is not required to file jointly. If one lived apart from one's spouse for the last six months of the year, one may also qualify for head of household status. [9]
A separation can be initiated informally, or there can be a legal separation with a formal separation agreement filed with the court. As for a divorce, the latter may include provisions for alimony, whether to have sole custody or shared parenting of any children, and the amount of child support. [1] [2]
Alimony payments from divorce or separation agreements that were finalized before Jan. 1 are still considered an above-the-line deduction when filing taxes.
Continue reading → The post Separation vs. Divorce: Key Differences appeared first on SmartAsset Blog. It has implications that range from your tax status to debt, contracts, legal rights ...
In some states, separation is a triggering event, recognized as the end of the term of the marriage. Other states do not recognize separation or legal separation. In a state not recognizing separation, a 2-year marriage followed by an 8-year separation will generally be treated like a 10-year marriage. Age of the parties at the time of the divorce
If the divorce was finalized at least two years ago, a spousal benefit can be claimed regardless of whether the ex-spouse has filed for a retirement benefit. 5. You can get an estimate of your ...