What Are the Benefits of Legal Separation?

Legal separation is an agreement that allows the couple to remain married but live separately. Legal separation is a financially beneficial step that can help you to think about your decision and it would be smooth sailing from there if you and your spouse easily come to agreeable terms. Legal separation means that both parties can keep any insurance or health care coverage that they were keeping as a married couple. It would be a huge benefit especially if one party might otherwise have difficulty obtaining and maintaining insurance or health care coverage. Some couples may also decide to incorporate

insurance and/or health care coverage into a separation or divorce agreement. You can also take income tax benefits including possible increasing and deduction plus you can also use social security services. Most of the couples also decide to take out for an extra year or more for reaching that ten-year threshold or contrarily agree to special settlements regarding an ex-spouse's pension. While going through Legal separation you should outline who pays what as well as who will live in the Home. While maintaining a Home there are issues including mortgage payments, utilities, lawn care, and maintenance that need to be considered.

In a legal separation agreement, who is responsible for what portion of the upkeep of the home is outlined in case of a Joint account it should be clearly defined in a legal agreement about whether both spouses will access the joints or not. It may specify that all joint bank accounts be locked and each spouse open accounts in their names.

It may also specify which spouse gives what payments on any joint credit accounts held by the couple. All issues about how money is spent and who is responsible for what is outlined so that both spouses will be protected. For more information visit Sralla& Kell PLLC Family Law San Antonio.