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Divorce: Taking precautions during an extended separation

Making the decision to end a marriage can be a stressful and daunting process. In some cases, a couple in California may feel as though a physical separation could be the best solution, as it may provide them with additional time to reach a conclusion. However, even if one is uncertain if divorce will be the outcome, a person might find it advisable to take steps to protect him or herself during a prolonged separation, as failing to do so could prove detrimental.

During an extended separation, having complete knowledge of marital finances can be a challenging task. However, it could also be essential, as one may still be liable for certain transactions during a separation. In community property states, such as California, all marital debts are divided equally among spouses during divorce proceedings, and this may include any debts that are incurred by either party during a separation.

When facing a prolong period of separation, a person could consider seeking assistance in forming a legally binding separation agreement. This type of arrangement could prove beneficial in a variety of ways, and it may assist in protecting the financial interests of both parties. For parents, a separation agreement could also help set terms concerning child custody and visitation schedules and the monetary responsibilities of each party.

Regardless of whether one is going through a divorce, or an extended separation, taking the necessary precautions could be vital. Those who wish to protect their financial futures could speak with a family law attorney for guidance in covering every aspect of a separation agreement. Should the situation lead to a divorce, an attorney can assist a client in California in pursuing the most favorable outcome achievable during legal proceedings.

Source: Forbes, "Dos And Dont's Of Marital Separation", Jeff Landers, Accessed on May 29, 2018

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